FY2019 Earnings Estimate for Presbia PLC (LENS) Issued By Jefferies Group

Presbia PLC (NASDAQ:LENS) – Analysts at Jefferies Group lowered their FY2019 earnings per share (EPS) estimates for shares of Presbia PLC in a research report issued to clients and investors on Monday. Jefferies Group analyst R. Denhoy now anticipates that the brokerage will post earnings of $0.13 per share for the year, down from their prior forecast of $0.14. Jefferies Group currently has a “Market Outperform” rating on the stock. Jefferies Group also issued estimates for Presbia PLC’s FY2020 earnings at $1.05 EPS.

Other analysts have also issued research reports about the stock. Rodman & Renshaw set a $14.00 price objective on shares of Presbia PLC and gave the company a “buy” rating in a research note on Thursday, July 21st. Zacks Investment Research upgraded shares of Presbia PLC from a “hold” rating to a “buy” rating and set a $5.50 price target for the company in a research note on Tuesday, June 28th. Finally, TheStreet upgraded shares of Presbia PLC from a “sell” rating to a “hold” rating in a research note on Monday, July 25th.

Presbia PLC (NASDAQ:LENS) traded down 1.57% during mid-day trading on Wednesday, hitting $4.40. 716 shares of the stock traded hands. The firm’s market cap is $58.68 million. The stock has a 50-day moving average of $4.43 and a 200 day moving average of $4.53. Presbia PLC has a 1-year low of $2.94 and a 1-year high of $6.89.

Presbia PLC Company Profile

Presbia PLC is an ophthalmic device company. The Company develops and markets an optical lens implant for treating presbyopia, the age-related loss of the ability to focus on near objects. The Company’s segment is the restoration of clear vision caused by presbyopia. The Company provides the refractive lens for patient surgeries and accessories for procedures performed exclusively outside the United States.

5 Day Chart for NASDAQ:LENS

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