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Wall Street analysts forecast that Harrow Health, Inc. (NASDAQ:HROW – Get Rating) will report $0.02 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Harrow Health’s earnings. Harrow Health reported earnings per share of ($0.11) in the same quarter last year, which indicates a positive year over year growth rate of 118.2%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Harrow Health will report full year earnings of ($0.05) per share for the current financial year, with EPS estimates ranging from ($0.08) to ($0.02). For the next fiscal year, analysts expect that the company will report earnings of $0.36 per share, with EPS estimates ranging from $0.31 to $0.41. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Harrow Health.

Harrow Health (NASDAQ:HROW – Get Rating) last issued its earnings results on Thursday, March 10th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.09). The firm had revenue of $20.19 million during the quarter, compared to the consensus estimate of $21.35 million. Harrow Health had a negative net margin of 26.10% and a negative return on equity of 5.29%. During the same period in the previous year, the firm earned $0.07 earnings per share.

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Separately, Zacks Investment Research upgraded shares of Harrow Health from a “strong sell” rating to a “hold” rating in a report on Friday, May 6th.

In other news, major shareholder Opaleye Management Inc. bought 28,557 shares of Harrow Health stock in a transaction dated Tuesday, April 12th. The stock was purchased at an average price of $6.75 per share, for a total transaction of $192,759.75. Following the purchase, the insider now directly owns 3,165,000 shares in the company, valued at approximately $21,363,750. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.43% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in HROW. Barclays PLC raised its stake in shares of Harrow Health by 119.8% during the 3rd quarter. Barclays PLC now owns 5,412 shares of the company’s stock worth $49,000 after purchasing an additional 2,950 shares during the period. Bank of America Corp DE grew its position in shares of Harrow Health by 466.4% during the 4th quarter. Bank of America Corp DE now owns 4,463 shares of the company’s stock valued at $39,000 after acquiring an additional 3,675 shares during the period. HighVista Strategies LLC increased its stake in shares of Harrow Health by 38.0% during the 3rd quarter. HighVista Strategies LLC now owns 14,211 shares of the company’s stock worth $129,000 after purchasing an additional 3,911 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Harrow Health by 14.1% in the 4th quarter. First Trust Advisors LP now owns 39,277 shares of the company’s stock worth $339,000 after purchasing an additional 4,865 shares during the period. Finally, BlackRock Inc. lifted its stake in Harrow Health by 1.2% in the first quarter. BlackRock Inc. now owns 436,528 shares of the company’s stock valued at $2,978,000 after purchasing an additional 5,261 shares during the last quarter. Hedge funds and other institutional investors own 44.50% of the company’s stock.

Shares of NASDAQ:HROW traded down $0.04 during trading on Friday, reaching $5.85. 207,150 shares of the stock were exchanged, compared to its average volume of 116,699. Harrow Health has a 1-year low of $5.40 and a 1-year high of $12.99. The stock has a fifty day moving average of $6.89 and a two-hundred day moving average of $8.27. The company has a debt-to-equity ratio of 6.56, a current ratio of 6.24 and a quick ratio of 5.81. The firm has a market cap of $158.13 million, a price-to-earnings ratio of -7.50 and a beta of 0.91.

About Harrow Health (Get Rating)

Harrow Health, Inc operates as an ophthalmic-focused healthcare company. The company owns ImprimisRx, an ophthalmology outsourcing and pharmaceutical compounding business; and DEXYCU for the treatment of post-operative inflammation. The company also holds equity interests in Surface Ophthalmics, Inc, a clinical-stage pharmaceutical company that focuses on development and commercialization of therapeutics for ocular surface diseases; Melt Pharmaceuticals, Inc, a clinical-stage pharmaceutical company that focused on the development and commercialization of proprietary non-intravenous, sedation, and anesthesia therapeutics for human medical procedures in hospital, outpatient, and in-office settings; and Eton Pharmaceuticals, Inc, a commercial-stage pharmaceutical company that engages in developing and commercializing drug products.

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