Menlo Therapeutics (MNLO) Posts Quarterly Earnings Results, Beats Estimates By $0.33 EPS

Menlo Therapeutics (NASDAQ:MNLO) issued its quarterly earnings data on Wednesday. The company reported ($0.56) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.89) by $0.33, Fidelity Earnings reports.

NASDAQ MNLO traded down $0.22 on Thursday, reaching $6.89. 5,336 shares of the stock were exchanged, compared to its average volume of 123,605. Menlo Therapeutics has a one year low of $5.40 and a one year high of $39.86. The stock has a market cap of $158.55 million and a price-to-earnings ratio of -1.20.

Several equities analysts have recently weighed in on MNLO shares. Cantor Fitzgerald reiterated a “buy” rating and issued a $25.00 price objective on shares of Menlo Therapeutics in a research note on Monday, October 8th. Roth Capital started coverage on shares of Menlo Therapeutics in a research note on Tuesday, July 24th. They issued a “buy” rating and a $29.00 price objective on the stock. KeyCorp started coverage on shares of Menlo Therapeutics in a research note on Tuesday, July 24th. They issued a “buy” rating on the stock. ValuEngine upgraded shares of Menlo Therapeutics from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Finally, Zacks Investment Research upgraded shares of Menlo Therapeutics from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research note on Friday, October 12th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $24.43.

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About Menlo Therapeutics

Menlo Therapeutics Inc, a late-stage biopharmaceutical company, focuses on the development and commercialization of serlopitant for the treatment of pruritus associated with dermatologic conditions in the United States. The company has completed Phase II clinical trials in pruritus associated with prurigo nodularis.

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