Zacks: Brokerages Expect Celsion Co. (CLSN) to Announce -$0.31 EPS

Wall Street analysts forecast that Celsion Co. (NASDAQ:CLSN) will announce ($0.31) earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Celsion’s earnings, with the lowest EPS estimate coming in at ($0.32) and the highest estimate coming in at ($0.29). Celsion posted earnings per share of ($1.96) during the same quarter last year, which would indicate a positive year-over-year growth rate of 84.2%. The company is expected to issue its next quarterly earnings report on Thursday, March 15th.

On average, analysts expect that Celsion will report full year earnings of ($2.46) per share for the current fiscal year. For the next fiscal year, analysts expect that the firm will post earnings of ($1.15) per share, with EPS estimates ranging from ($1.21) to ($1.08). Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Celsion.

Celsion (NASDAQ:CLSN) last issued its quarterly earnings results on Tuesday, November 14th. The biotechnology company reported ($0.39) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.56) by $0.17. The company had revenue of $0.13 million during the quarter, compared to the consensus estimate of $0.13 million. Celsion had a negative return on equity of 282.94% and a negative net margin of 4,292.80%.

CLSN has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Celsion from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Oppenheimer initiated coverage on Celsion in a research report on Tuesday, November 21st. They set an “outperform” rating and a $9.00 price target for the company. Finally, ValuEngine raised Celsion from a “strong sell” rating to a “sell” rating in a research report on Saturday, December 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $11.90.

A hedge fund recently bought a new stake in Celsion stock. Virtu Financial LLC acquired a new stake in shares of Celsion Co. (NASDAQ:CLSN) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 42,018 shares of the biotechnology company’s stock, valued at approximately $113,000. Virtu Financial LLC owned 0.24% of Celsion at the end of the most recent quarter. 3.63% of the stock is currently owned by institutional investors and hedge funds.

Shares of Celsion (NASDAQ:CLSN) traded up $0.10 on Tuesday, hitting $2.22. The company had a trading volume of 240,700 shares, compared to its average volume of 436,028. The stock has a market capitalization of $35.02, a P/E ratio of -0.38 and a beta of 1.81. Celsion has a one year low of $1.24 and a one year high of $6.06.

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About Celsion

Celsion Corporation is an oncology drug development company. The Company’s product candidate is ThermoDox, a heat-activated liposomal encapsulation of doxorubicin, which is in Phase III clinical trial for treatment of primary liver cancer (the OPTIMA Study) and a Phase II clinical trial for treatment of recurrent chest wall breast cancer (the DIGNITY Study).

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