Enanta Pharmaceuticals Inc (ENTA) reported quarterly earnings results on Monday, Aug-8-2016. The company said it had a profit of $-0.06 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $-0.09. The company posted revenue of $14.00 million in the period, compared to analysts expectations of $13.95 million. The company’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.
Enanta Pharmaceuticals Inc opened for trading at $21.73 and hit $22.0525 on the upside on Friday, eventually ending the session at $22, with a gain of 1.99% or 0.43 points. The heightened volatility saw the trading volume jump to 4,09,432 shares. Company has a market cap of $417 M.
In a different news, on May 12, 2016, Nathaniel S. Gardiner (Sr. VP & General Counsel) purchased 500 shares at $24.44 per share price. According to the SEC, on Feb 17, 2016, Terry Vance (director) purchased 2,000 shares at $27.04 per share price. On Nov 25, 2015, Paul J Mellett (Treasurer and CFO) sold 6,000 shares at $31.23 per share price, according to the Form-4 filing with the securities and exchange commission.
Enanta Pharmaceuticals Inc. is a research and development-focused biotechnology company. The Company uses chemistry-driven approach and drug discovery solutions to create molecule drugs primarily for the treatment of viral infections and liver diseases. The Company is engaged in discovering and developing inhibitors designed for use against the hepatitis C virus (HCV) as well as compounds for non-alcoholic steatohepatitis (NASH) and primary biliary cirrhosis (PBC). The Company is involved in a program to develop nucleotide inhibitors to HCV NS5B polymerase. In its NASH program the Company is developing agonists of the farnesoid X receptor or FXR that are designed to bind to that receptor and then trigger a response from it. The Company is also engaged in a program in PBC another disease of the liver that can result in liver damage liver failure or hepatocellular carcinoma. Its pipeline of products includes Paritaprevir ABT-493 EDP-239 ABT-494 and EDP-494.