Corcept Therapeutics Incorporated (CORT) to Release Earnings on Monday
Corcept Therapeutics Incorporated (NASDAQ:CORT) is scheduled to post its quarterly earnings results after the market closes on Monday, July 31st. Analysts expect Corcept Therapeutics to post earnings of $0.07 per share for the quarter.
Corcept Therapeutics (NASDAQ:CORT) last released its earnings results on Monday, May 1st. The biotechnology company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Corcept Therapeutics had a net margin of 13.51% and a return on equity of 33.97%. The firm had revenue of $27.60 million during the quarter, compared to analyst estimates of $25.53 million. The business’s quarterly revenue was up 71.9% compared to the same quarter last year. On average, analysts expect Corcept Therapeutics to post $0.26 EPS for the current fiscal year and $0.52 EPS for the next fiscal year.
Shares of Corcept Therapeutics Incorporated (CORT) opened at 12.97 on Monday. The firm’s 50-day moving average is $11.86 and its 200-day moving average is $10.06. Corcept Therapeutics Incorporated has a 12-month low of $5.24 and a 12-month high of $13.25. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 118.99 and a beta of 2.05.
CORT has been the subject of several analyst reports. Ladenburg Thalmann Financial Services set a $20.00 price target on shares of Corcept Therapeutics and gave the company a “buy” rating in a research note on Tuesday, July 18th. Zacks Investment Research raised shares of Corcept Therapeutics from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub raised shares of Corcept Therapeutics from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. TheStreet raised shares of Corcept Therapeutics from a “c+” rating to a “b” rating in a research note on Monday, May 22nd. Finally, Piper Jaffray Companies set a $18.00 price target on shares of Corcept Therapeutics and gave the company a “buy” rating in a research note on Monday, May 15th. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $14.20.
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In related news, Director David L. Mahoney sold 23,006 shares of Corcept Therapeutics stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $12.50, for a total transaction of $287,575.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David L. Mahoney sold 6,994 shares of Corcept Therapeutics stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $12.50, for a total transaction of $87,425.00. The disclosure for this sale can be found here. Insiders have sold 42,601 shares of company stock valued at $532,513 in the last ninety days. Insiders own 19.20% of the company’s stock.
About Corcept Therapeutics
Corcept Therapeutics Incorporated is a pharmaceutical company engaged in the discovery, development and commercialization of drugs for the treatment of severe metabolic, psychiatric and oncologic disorders. The Company is developing mifepristone, a compound that modulates the effects of cortisol by acting as a competitive antagonist at the glucocorticoid receptor (GR).
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