Trade Report: The Curis Inc. (CRIS) Forecasted to Post FY2020 Earnings of $0.06 Per Share

The Curis Inc. (CRIS) Forecasted to Post FY2020 Earnings of $0.06 Per Share

Curis Inc. (NASDAQ:CRIS) – Analysts at SunTrust Banks upped their FY2020 earnings per share (EPS) estimates for Curis in a research report issued on Tuesday. SunTrust Banks analyst P. Lawson now anticipates that the firm will post earnings per share of $0.06 for the year, up from their prior estimate of $0.03.

Curis (NASDAQ:CRIS) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.09) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.09). Curis had a negative net margin of 526.72% and a negative return on equity of 65.51%. The business had revenue of $1.70 million for the quarter, compared to the consensus estimate of $2.05 million. During the same period last year, the firm earned ($0.06) earnings per share. The company’s quarterly revenue was down 19.0% on a year-over-year basis.

Other equities analysts also recently issued research reports about the company. FBR & Co restated a “buy” rating on shares of Curis in a research note on Thursday, September 8th. RBC Capital Markets set a $7.00 target price on Curis and gave the stock a “buy” rating in a research note on Wednesday. Zacks Investment Research upgraded Curis from a “sell” rating to a “hold” rating in a research note on Tuesday, October 4th. Finally, Robert W. Baird restated an “outperform” rating and issued a $7.00 target price on shares of Curis in a research note on Wednesday, September 7th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Curis presently has a consensus rating of “Buy” and a consensus target price of $5.05.

Curis (NASDAQ:CRIS) traded down 7.88% on Thursday, reaching $2.69. 904,501 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $2.29 and a 200 day moving average price of $1.88. Curis has a 12-month low of $1.25 and a 12-month high of $3.42. The stock’s market cap is $348.28 million.

A number of institutional investors have recently bought and sold shares of CRIS. ProShare Advisors LLC increased its position in Curis by 1.3% in the second quarter. ProShare Advisors LLC now owns 109,812 shares of the company’s stock valued at $171,000 after buying an additional 1,418 shares during the last quarter. Bank of New York Mellon Corp increased its position in Curis by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 357,246 shares of the company’s stock valued at $558,000 after buying an additional 2,501 shares during the last quarter. Royal Bank of Canada increased its position in Curis by 0.9% in the second quarter. Royal Bank of Canada now owns 811,129 shares of the company’s stock valued at $1,265,000 after buying an additional 7,220 shares during the last quarter. Geode Capital Management LLC increased its position in Curis by 2.5% in the first quarter. Geode Capital Management LLC now owns 772,054 shares of the company’s stock valued at $1,243,000 after buying an additional 18,476 shares during the last quarter. Finally, Teachers Advisors Inc. increased its position in Curis by 11.5% in the second quarter. Teachers Advisors Inc. now owns 180,776 shares of the company’s stock valued at $282,000 after buying an additional 18,634 shares during the last quarter. Institutional investors and hedge funds own 52.36% of the company’s stock.

In other news, major shareholder Discovery Technologie Aurigene acquired 10,208,333 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The shares were acquired at an average price of $2.40 per share, for a total transaction of $24,499,999.20. Following the completion of the purchase, the insider now owns 27,328,464 shares in the company, valued at $65,588,313.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.09% of the stock is owned by corporate insiders.

Curis Company Profile

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