Sol Gel Technologies Ltd (SLGL) Expected to Post Quarterly Sales of $50,000.00

Equities analysts expect Sol Gel Technologies Ltd (NASDAQ:SLGL) to announce $50,000.00 in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Sol Gel Technologies’ earnings. The business is scheduled to issue its next earnings results on Monday, March 25th.

On average, analysts expect that Sol Gel Technologies will report full year sales of $180,000.00 for the current financial year. For the next fiscal year, analysts forecast that the firm will post sales of $310,000.00. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that cover Sol Gel Technologies.

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Sol Gel Technologies (NASDAQ:SLGL) last released its quarterly earnings results on Tuesday, November 13th. The company reported ($0.40) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.56) by $0.16. The company had revenue of $0.04 million for the quarter, compared to analysts’ expectations of $0.05 million.

Several research firms have recently commented on SLGL. HC Wainwright set a $21.00 price target on Sol Gel Technologies and gave the stock a “buy” rating in a research note on Tuesday, October 9th. Zacks Investment Research upgraded Sol Gel Technologies from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a research report on Tuesday, November 20th. Finally, ValuEngine cut Sol Gel Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.55.

Shares of Sol Gel Technologies stock traded down $0.08 during trading hours on Friday, hitting $5.91. 4,410 shares of the company were exchanged, compared to its average volume of 4,881. Sol Gel Technologies has a 1 year low of $5.41 and a 1 year high of $16.48. The stock has a market capitalization of $113.35 million and a PE ratio of -1.18.

An institutional investor recently bought a new position in Sol Gel Technologies stock. Raymond James & Associates bought a new stake in shares of Sol Gel Technologies Ltd (NASDAQ:SLGL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,260 shares of the company’s stock, valued at approximately $102,000. Raymond James & Associates owned 0.07% of Sol Gel Technologies at the end of the most recent quarter. 20.32% of the stock is owned by institutional investors and hedge funds.

Sol Gel Technologies Company Profile

Sol-Gel Technologies Ltd., a clinical-stage specialty pharmaceutical company, focuses on developing and commercializing topical dermatological drug products based on its proprietary microencapsulation delivery system in Israel. The company's lead product candidates include TWIN and SIRS-T, which has completed Phase II clinical trials for the treatment of acne vulgaris; and VERED that has completed Phase II clinical trials for the treatment of papulopustular rosacea.

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Check out the companies making headlines midday Wednesday:

Facebook — Facebook shares surged after the social media giant posted quarterly earnings that easily beat expectations. The company's quarterly revenue also topped estimates. Average revenue per user, a key metric for Facebook, came in at $7.37, above an estimate of $7.11.

Avon Products — Shares of the beauty company jumped 20 percent after well-known portfolio manager Bill Miller told CNBC it was the most interesting stock he has added recently. The former Legg Mason star money manager, known for beating the S&P 500 for 15 years straight until 2005, said the stock could rally 10 times higher in the next three to five years.

Coty — Shares of Avon's rival also spiked after Miller told CNBC he was buying a personal position in the company at around $8 per share. Coty had tried to buy Avon for $10 billion in 2012, but it was Avon rejected the takeover offer.

Ferrari — The luxury car maker's stock jumped more than 10 percent and was on track to post its biggest one-day gain ever. Ferrari reported earnings that were mostly in line with expectations as well as better-than-forecast earnings guidance.

UPS – Shares of the parcel-delivery company jumped more than 5 percent in intraday trading after it said it carried more package and generated higher prices from shipments in the fourth quarter. While it posted earnings per share of $1.94 in the last quarter, UPS also said it expects its bottom line to improve in 2019 thanks to operational strategies.

PayPal — The payment company's stock stumbled after reporting lower revenue and lighter 2019 outlook than Wall Street was expecting on Wednesday. PayPal's earnings beat expectations but the company cited slumping growth in its former parent company eBay as a continuing headwind. It notched record growth in its peer-to-peer payments app Venmo.

Charter Communications – Charter stock was up more than 15 percent in midday trading Thursday after the company topped quarterly sales estimates and lured more customers for its internet platform. More and more subscribers are switching from its pay TV bundles in favor of cheaper streaming services.

General Electric — Shares of the embattled industrial conglomerate surged as much as 18 percent, its biggest gain in 9 years, after the company reported year-end revenue that was stronger than expected. CEO Larry Culp also hinted at an improving 2019 forecast, although GE did not provide earnings guidance for the year ahead.

1-800-FLOWERS.COM — The flowers and gift provider surged 19 percent Thursday after beating analysts' expectations for the fourth quarter and issuing upbeat guidance for 2019. Revenue growth was helped by its Harry & David business, the CEO said.

— CNBC's Thomas Franck , Fred Imbert and Michael Sheetz contributed reporting.

Programming Note: For more on PayPal, watch CFO John Rainey's interview on "Mad Money" tonight at 6 p.m. ET.