Brokerages Expect Crispr Therapeutics AG (CRSP) to Announce -$0.74 Earnings Per Share
Equities research analysts expect Crispr Therapeutics AG (NASDAQ:CRSP) to report ($0.74) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Crispr Therapeutics’ earnings. The lowest EPS estimate is ($0.77) and the highest is ($0.71). Crispr Therapeutics posted earnings of ($0.40) per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 85%. The firm is scheduled to report its next earnings report on Friday, March 9th.
On average, analysts expect that Crispr Therapeutics will report full-year earnings of ($2.46) per share for the current financial year, with EPS estimates ranging from ($2.49) to ($2.43). For the next year, analysts expect that the business will report earnings of ($3.06) per share, with EPS estimates ranging from ($3.08) to ($3.04). Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Crispr Therapeutics.
Crispr Therapeutics (NASDAQ:CRSP) last issued its earnings results on Wednesday, November 8th. The company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.60) by ($0.02). The company had revenue of $2.39 million for the quarter, compared to analysts’ expectations of $3.61 million. Crispr Therapeutics had a negative return on equity of 38.42% and a negative net margin of 466.58%. Crispr Therapeutics’s revenue for the quarter was up 54.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($2.77) earnings per share.
CRSP has been the topic of several research analyst reports. Barclays restated a “buy” rating and set a $29.00 target price on shares of Crispr Therapeutics in a research report on Friday, September 8th. Oppenheimer restated a “hold” rating on shares of Crispr Therapeutics in a research report on Thursday, December 21st. Cann restated a “hold” rating on shares of Crispr Therapeutics in a research report on Sunday, December 10th. BidaskClub lowered shares of Crispr Therapeutics from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Finally, SunTrust Banks reiterated a “hold” rating and issued a $16.00 price objective on shares of Crispr Therapeutics in a research report on Friday, November 10th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $22.38.
In related news, major shareholder Corp /De/ Celgene sold 1,112,446 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $18.98, for a total value of $21,114,225.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas Woiwode sold 1,700 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $20.21, for a total transaction of $34,357.00. Following the completion of the transaction, the director now directly owns 8,218 shares of the company’s stock, valued at approximately $166,085.78. The disclosure for this sale can be found here. Insiders sold a total of 1,950,654 shares of company stock worth $37,126,688 over the last quarter. Insiders own 39.98% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its stake in Crispr Therapeutics by 459.7% in the 2nd quarter. Wells Fargo & Company MN now owns 7,987 shares of the company’s stock valued at $128,000 after purchasing an additional 6,560 shares during the last quarter. Capital Investment Advisory Services LLC acquired a new position in shares of Crispr Therapeutics during the 3rd quarter valued at about $193,000. Ark Investment Management LLC acquired a new position in shares of Crispr Therapeutics during the 2nd quarter valued at about $206,000. Moloney Securities Asset Management LLC acquired a new position in shares of Crispr Therapeutics during the 3rd quarter valued at about $235,000. Finally, Vanguard Group Inc. acquired a new position in shares of Crispr Therapeutics during the 2nd quarter valued at about $273,000. 24.52% of the stock is owned by hedge funds and other institutional investors.
Shares of Crispr Therapeutics (CRSP) traded up $0.14 during midday trading on Wednesday, hitting $21.29. 390,800 shares of the company’s stock traded hands, compared to its average volume of 156,438. The stock has a market cap of $873.30 and a price-to-earnings ratio of -66.53. Crispr Therapeutics has a 52 week low of $11.63 and a 52 week high of $25.00.
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About Crispr Therapeutics
Crispr Therapeutics AG is a Switzerland-based gene-editing company. The Company focuses on the development of transformative gene-based medicines for serious diseases using its Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR)/Cas9 gene-editing platform. CRISPR/Cas9 can be programmed to cut, edit and correct disease-associated deoxyribonucleic acid (DNA) in a patient’s cell.
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