Equities analysts expect that Cerus Co. (NASDAQ:CERS) will report earnings of ($0.12) per share for the current quarter, Zacks reports. Zero analysts have made estimates for Cerus’ earnings, with estimates ranging from ($0.12) to ($0.11). Cerus reported earnings of ($0.13) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 7.7%. The firm is expected to report its next quarterly earnings report on Tuesday, March 6th.
On average, analysts expect that Cerus will report full year earnings of ($0.58) per share for the current fiscal year, with EPS estimates ranging from ($0.62) to ($0.54). For the next fiscal year, analysts forecast that the business will post earnings of ($0.44) per share, with EPS estimates ranging from ($0.45) to ($0.42). Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that cover Cerus.
A number of brokerages recently issued reports on CERS. BTIG Research reissued a “hold” rating on shares of Cerus in a research report on Thursday, January 25th. BidaskClub raised shares of Cerus from a “strong sell” rating to a “sell” rating in a report on Friday, January 5th. Zacks Investment Research cut shares of Cerus from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. Finally, Cantor Fitzgerald set a $5.00 target price on shares of Cerus and gave the stock a “buy” rating in a report on Monday, January 8th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $5.83.
Shares of Cerus (NASDAQ CERS) traded down $0.08 during midday trading on Monday, reaching $3.85. 741,774 shares of the company were exchanged, compared to its average volume of 1,920,000. Cerus has a one year low of $1.93 and a one year high of $5.43. The stock has a market cap of $444.89, a PE ratio of -6.53 and a beta of 2.22. The company has a debt-to-equity ratio of 0.80, a quick ratio of 3.11 and a current ratio of 3.71.
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Cerus Company Profile
Cerus Corporation is a biomedical products company. The Company is engaged in developing and commercializing the INTERCEPT Blood System for blood safety. The Company operates through blood safety segment. The Company’s INTERCEPT Blood System is based on its technology for controlling biological replication, and is designed to reduce blood-borne pathogens in donated blood components intended for transfusion.
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