CryoPort Inc (CYRX) Expected to Announce Quarterly Sales of $3.67 Million

Equities research analysts forecast that CryoPort Inc (NASDAQ:CYRX) will post sales of $3.67 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for CryoPort’s earnings, with the lowest sales estimate coming in at $3.40 million and the highest estimate coming in at $3.93 million. CryoPort reported sales of $2.71 million in the same quarter last year, which indicates a positive year-over-year growth rate of 35.4%. The business is scheduled to issue its next earnings report on Monday, January 1st.

On average, analysts expect that CryoPort will report full year sales of $3.67 million for the current year, with estimates ranging from $18.00 million to $21.39 million. For the next financial year, analysts anticipate that the firm will post sales of $37.93 million per share, with estimates ranging from $36.62 million to $40.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for CryoPort.

CryoPort (NASDAQ:CYRX) last issued its earnings results on Tuesday, March 6th. The consumer goods maker reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The firm had revenue of $3.33 million during the quarter, compared to the consensus estimate of $3.37 million. CryoPort had a negative return on equity of 47.36% and a negative net margin of 66.09%. The firm’s quarterly revenue was up 49.5% on a year-over-year basis.

Several brokerages recently weighed in on CYRX. Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 target price (up previously from $10.00) on shares of CryoPort in a report on Thursday, March 8th. Roth Capital began coverage on shares of CryoPort in a report on Thursday, November 30th. They issued a “buy” rating and a $12.50 target price for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $33.70.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp boosted its holdings in shares of CryoPort by 105.0% during the 2nd quarter. Northern Trust Corp now owns 22,179 shares of the consumer goods maker’s stock valued at $109,000 after purchasing an additional 11,358 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of CryoPort during the 3rd quarter valued at about $118,000. Bank of Montreal Can bought a new position in shares of CryoPort during the 4th quarter valued at about $142,000. Goldman Sachs Group Inc. bought a new position in shares of CryoPort during the 4th quarter valued at about $155,000. Finally, Monashee Investment Management LLC bought a new position in shares of CryoPort during the 4th quarter valued at about $192,000. 22.83% of the stock is owned by institutional investors and hedge funds.

CryoPort (NASDAQ CYRX) opened at $10.08 on Wednesday. The firm has a market cap of $253.84, a price-to-earnings ratio of -28.80 and a beta of -0.03. CryoPort has a 1-year low of $1.96 and a 1-year high of $10.40.

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CryoPort Company Profile

Cryoport, Inc (Cryoport) is a provider of cryogenic logistics solutions to the life sciences industry through its purpose-built packaging, information technology and specialized cold chain logistics expertise. The Company provides logistics solutions for biologic materials, such as immunotherapies, stem cells, chimeric antigen receptors (CAR)-T cells, and reproductive cells for clients.

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Earnings History and Estimates for CryoPort (NASDAQ:CYRX)

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