Equities research analysts forecast that Conatus Pharmaceuticals Inc (NASDAQ:CNAT) will post $9.50 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Conatus Pharmaceuticals’ earnings. The lowest sales estimate is $8.72 million and the highest is $10.10 million. Conatus Pharmaceuticals reported sales of $800,000.00 during the same quarter last year, which indicates a positive year over year growth rate of 1,087.5%. The business is expected to report its next earnings report on Wednesday, March 21st.
According to Zacks, analysts expect that Conatus Pharmaceuticals will report full year sales of $9.50 million for the current financial year, with estimates ranging from $35.29 million to $36.70 million. For the next year, analysts anticipate that the firm will report sales of $56.28 million per share, with estimates ranging from $39.50 million to $116.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Conatus Pharmaceuticals.
Several research firms have recently issued reports on CNAT. Roth Capital began coverage on shares of Conatus Pharmaceuticals in a research note on Thursday, February 8th. They set a “buy” rating and a $20.00 price target for the company. S&P Equity Research raised their price target on shares of Conatus Pharmaceuticals from $5.02 to $5.69 in a research note on Wednesday, January 24th. Zacks Investment Research downgraded shares of Conatus Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Monday, January 22nd. Finally, HC Wainwright reaffirmed a “buy” rating and set a $17.00 price target (down previously from $18.00) on shares of Conatus Pharmaceuticals in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. Conatus Pharmaceuticals has a consensus rating of “Buy” and a consensus price target of $13.67.
Conatus Pharmaceuticals (CNAT) opened at $5.14 on Wednesday. Conatus Pharmaceuticals has a 52 week low of $3.88 and a 52 week high of $9.40. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.69 and a current ratio of 2.69.
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About Conatus Pharmaceuticals
Conatus Pharmaceuticals Inc is a biotechnology company. The Company focuses on the development and commercialization of medicines to treat liver disease. The Company operates through commercialization and development of pharmaceutical products segment. The Company is engaged in developing emricasan, which is an orally active pan-caspase protease inhibitor for the treatment of patients with chronic liver disease.
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