Veru Inc. (VERU) estimates and forecastsVeru Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -53.21 percent over the past six months and at a -33.33% annual growth rate that is well below the industry average of 4.00%. Moreover, analysts have decided to roll up on their fiscal year 2023 revenue estimates. The rating firms predict that it will loss -500.00% in revenue this quarter, and will report a decrease of -262.50% in the next quarter. The year-over-year growth rate is expected to be -21.20%, down from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of $11.55 million in revenue for the current quarter. 2 analysts expect Veru Inc. to make $10.85 million in revenue for the quarter ending Dec 2022. Analysts predict that the company’s current quarter sales will drop, forecast at -26.20%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -33.30%.
VERU DividendsVeru Inc.’s next quarterly earnings report is expected to be released around February 07 and February 13.
Veru Inc. (NASDAQ:VERU)’s Major holdersUpon looking at major shareholders, it appears that insiders hold 19.46% of Veru Inc. shares, and 55.61% of them are in the hands of institutional investors. The stock currently has a share float of 69.05%. Veru Inc. stock is held by 187 institutions, with RA Capital Management, L.P. being the largest institutional investor. By Jun 29, 2022, it held 9.86% of the shares, which is about 7.9 million shares worth $89.27 million.
Goldman Sachs Group Inc, with 6.09% or 4.88 million shares worth $55.15 million as of Jun 29, 2022, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Jun 29, 2022. The former held 1.88 million shares worth $21.2 million, making up 2.34% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 1.43 million shares worth around $16.43 million, which represents about 1.78% of the total shares outstanding. |
