Zacks: Analysts Anticipate Curis, Inc. (CRIS) Will Announce Quarterly Sales of $2.03 Million

Equities analysts expect Curis, Inc. (NASDAQ:CRIS) to report sales of $2.03 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Curis’ earnings, with estimates ranging from $1.90 million to $2.15 million. Curis reported sales of $2.36 million in the same quarter last year, which would suggest a negative year over year growth rate of 14%. The company is expected to issue its next earnings report on Thursday, March 8th.

On average, analysts expect that Curis will report full-year sales of $2.03 million for the current fiscal year, with estimates ranging from $8.50 million to $8.79 million. For the next financial year, analysts forecast that the firm will report sales of $9.69 million per share, with estimates ranging from $8.97 million to $10.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Curis.

Curis (NASDAQ:CRIS) last announced its earnings results on Tuesday, November 7th. The biotechnology company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.02). Curis had a negative net margin of 629.29% and a negative return on equity of 250.58%. The company had revenue of $2.44 million during the quarter, compared to analyst estimates of $2.19 million. During the same quarter last year, the business earned ($0.21) EPS. The firm’s revenue for the quarter was up 38.6% compared to the same quarter last year.

Several analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Curis from a “hold” rating to a “sell” rating in a research report on Tuesday. Guggenheim assumed coverage on shares of Curis in a research report on Monday, October 23rd. They issued a “buy” rating and a $7.00 target price on the stock. Finally, ValuEngine lowered shares of Curis from a “hold” rating to a “sell” rating in a research report on Friday, September 15th. Three investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $6.50.

In other Curis news, CEO Ali Ph.D. Fattaey purchased 50,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were purchased at an average cost of $1.06 per share, with a total value of $53,000.00. Following the completion of the purchase, the chief executive officer now owns 115,890 shares in the company, valued at approximately $122,843.40. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.07% of the company’s stock.

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Curis by 2.6% in the second quarter. Vanguard Group Inc. now owns 4,955,068 shares of the biotechnology company’s stock worth $9,365,000 after buying an additional 127,443 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Curis by 62,201.8% in the third quarter. JPMorgan Chase & Co. now owns 2,381,798 shares of the biotechnology company’s stock worth $3,691,000 after buying an additional 2,377,975 shares in the last quarter. State Street Corp lifted its stake in shares of Curis by 10.4% in the second quarter. State Street Corp now owns 1,857,044 shares of the biotechnology company’s stock worth $3,511,000 after buying an additional 175,424 shares in the last quarter. First Eagle Investment Management LLC raised its stake in Curis by 10.4% during the third quarter. First Eagle Investment Management LLC now owns 26,508,672 shares of the biotechnology company’s stock worth $39,498,000 after purchasing an additional 2,500,000 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Curis by 1.6% during the second quarter. Goldman Sachs Group Inc. now owns 119,638 shares of the biotechnology company’s stock worth $226,000 after purchasing an additional 1,880 shares during the period. 55.22% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Curis (CRIS) remained flat at $$0.68 during midday trading on Wednesday. 1,032,400 shares of the stock traded hands, compared to its average volume of 1,294,000. Curis has a 12 month low of $0.67 and a 12 month high of $3.22. The firm has a market cap of $113.03, a price-to-earnings ratio of -1.74 and a beta of 1.63. The company has a quick ratio of 5.15, a current ratio of 5.15 and a debt-to-equity ratio of 1.24.

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Curis Company Profile

Curis, Inc is a biotechnology company seeking to develop and commercialize drug candidates for the treatment of cancers. The Company’s drug candidate is CUDC-907, an orally-available, small molecule inhibitor of histone deacetylase (HDAC) and phosphatidylinositol-3-kinase (PI3K) enzymes. CUDC-907 is an oral, dual inhibitor of Class I and II HDAC, as well as Class I PI3K enzymes.

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Earnings History and Estimates for Curis (NASDAQ:CRIS)

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