Brokerages Expect Cambrex Co. (CBM) Will Post Earnings of $1.10 Per Share

Wall Street analysts expect that Cambrex Co. (NYSE:CBM) will announce $1.10 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Cambrex’s earnings. The highest EPS estimate is $1.11 and the lowest is $1.09. Cambrex reported earnings per share of $1.23 during the same quarter last year, which would indicate a negative year over year growth rate of 10.6%. The company is scheduled to issue its next quarterly earnings report on Friday, February 2nd.

On average, analysts expect that Cambrex will report full-year earnings of $3.09 per share for the current fiscal year, with EPS estimates ranging from $3.08 to $3.10. For the next fiscal year, analysts forecast that the firm will report earnings of $2.81 per share, with EPS estimates ranging from $2.67 to $2.95. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Cambrex.

Cambrex (NYSE:CBM) last announced its quarterly earnings results on Tuesday, November 7th. The biotechnology company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.08. Cambrex had a return on equity of 23.42% and a net margin of 18.79%. The company had revenue of $112.60 million during the quarter, compared to analyst estimates of $108.44 million. During the same period in the prior year, the firm posted $0.47 earnings per share. The firm’s revenue was up 13.4% on a year-over-year basis.

Several equities analysts have recently issued reports on CBM shares. Craig Hallum reiterated a “buy” rating and set a $60.00 price target (down from $70.00) on shares of Cambrex in a research report on Tuesday, October 31st. Zacks Investment Research upgraded Cambrex from a “strong sell” rating to a “hold” rating in a report on Monday, January 15th. Finally, William Blair assumed coverage on Cambrex in a report on Tuesday, January 16th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Cambrex has a consensus rating of “Hold” and a consensus price target of $60.50.

Cambrex (NYSE:CBM) traded up $0.27 on Friday, reaching $56.30. The company had a trading volume of 304,025 shares, compared to its average volume of 299,281. Cambrex has a 12-month low of $42.55 and a 12-month high of $62.95. The firm has a market cap of $1,840.00, a PE ratio of 18.46, a P/E/G ratio of 1.34 and a beta of 2.26.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. YorkBridge Wealth Partners LLC boosted its holdings in shares of Cambrex by 5.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,971 shares of the biotechnology company’s stock worth $118,000 after acquiring an additional 97 shares in the last quarter. Riverhead Capital Management LLC raised its position in shares of Cambrex by 90.3% in the second quarter. Riverhead Capital Management LLC now owns 2,664 shares of the biotechnology company’s stock valued at $159,000 after purchasing an additional 1,264 shares during the period. Advisor Group Inc. raised its position in shares of Cambrex by 29.8% in the second quarter. Advisor Group Inc. now owns 2,681 shares of the biotechnology company’s stock valued at $160,000 after purchasing an additional 615 shares during the period. Visionary Asset Management Inc. bought a new stake in shares of Cambrex in the third quarter valued at approximately $201,000. Finally, Trexquant Investment LP bought a new stake in shares of Cambrex in the third quarter valued at approximately $209,000.

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About Cambrex

Cambrex Corporation (Cambrex) is a life sciences company. It provides products and services for the development and commercialization of generic therapeutics. It operates through four segments, which are manufacturing facilities that have been aggregated as a single segment. Its manufacturing facilities are owned by the subsidiaries, including Cambrex Charles City, Inc, Cambrex Karlskoga AB and Cambrex Profarmaco Milano S.r.l.

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