Cerus (CERS) Set to Announce Quarterly Earnings on Thursday

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Cerus (NASDAQ:CERS) is scheduled to issue its quarterly earnings data after the market closes on Thursday, November 1st. Analysts expect the company to announce earnings of ($0.11) per share for the quarter.

Cerus (NASDAQ:CERS) last posted its quarterly earnings results on Thursday, August 2nd. The biotechnology company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.01. The company had revenue of $15.42 million during the quarter, compared to the consensus estimate of $13.58 million. Cerus had a negative return on equity of 82.60% and a negative net margin of 76.37%. The firm’s quarterly revenue was up 61.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.16) EPS. On average, analysts expect Cerus to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

CERS stock opened at $6.27 on Tuesday. The company has a quick ratio of 4.57, a current ratio of 5.03 and a debt-to-equity ratio of 0.29. The firm has a market cap of $853.73 million, a PE ratio of -11.20 and a beta of 1.51. Cerus has a fifty-two week low of $2.75 and a fifty-two week high of $8.05.

In other Cerus news, insider Richard J. Benjamin sold 35,416 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $7.20, for a total value of $254,995.20. Following the completion of the transaction, the insider now owns 35,416 shares in the company, valued at approximately $254,995.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kevin Dennis Green sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $7.50, for a total value of $375,000.00. Following the completion of the transaction, the chief financial officer now owns 110,825 shares of the company’s stock, valued at approximately $831,187.50. The disclosure for this sale can be found here. Insiders sold 93,765 shares of company stock valued at $686,462 over the last ninety days. Corporate insiders own 6.80% of the company’s stock.

A number of brokerages have weighed in on CERS. BidaskClub lowered shares of Cerus from a “sell” rating to a “strong sell” rating in a research report on Friday, October 12th. Zacks Investment Research lowered shares of Cerus from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Cerus in a report on Thursday, August 2nd. Finally, Cowen set a $10.00 price objective on shares of Cerus and gave the stock a “buy” rating in a report on Friday, August 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $8.00.

About Cerus

Cerus Corporation, a biomedical products company, focuses on developing and commercializing the INTERCEPT Blood System to enhance blood safety. Its INTERCEPT Blood System is based on its proprietary technology for controlling biological replication; and targets and inactivates blood-borne pathogens, such as viruses, bacteria, and parasites, as well as harmful white blood cells, while preserving the therapeutic properties of platelet, plasma, and red blood cell transfusion products.

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Earnings History for Cerus (NASDAQ:CERS)

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