Equities analysts expect that Cascadian Therapeutics Inc (NASDAQ:CASC) will report earnings per share (EPS) of ($0.29) for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Cascadian Therapeutics’ earnings. Cascadian Therapeutics reported earnings per share of ($0.47) during the same quarter last year, which would suggest a positive year-over-year growth rate of 38.3%. The company is scheduled to report its next quarterly earnings report on Thursday, March 8th.

According to Zacks, analysts expect that Cascadian Therapeutics will report full year earnings of ($1.27) per share for the current fiscal year, with EPS estimates ranging from ($1.53) to ($1.14). For the next year, analysts expect that the business will post earnings of ($1.03) per share, with EPS estimates ranging from ($1.22) to ($0.69). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Cascadian Therapeutics.

Cascadian Therapeutics (NASDAQ:CASC) last released its quarterly earnings data on Wednesday, November 8th. The biopharmaceutical company reported ($0.28) EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.01. During the same period in the previous year, the company posted ($0.09) earnings per share.

Separately, Zacks Investment Research upgraded Cascadian Therapeutics from a “hold” rating to a “buy” rating and set a $4.50 price objective on the stock in a report on Monday, November 13th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Cascadian Therapeutics has a consensus rating of “Hold” and a consensus target price of $5.63.

Cascadian Therapeutics (NASDAQ:CASC) traded up $0.07 on Wednesday, hitting $3.63. The stock had a trading volume of 264,300 shares, compared to its average volume of 275,250. Cascadian Therapeutics has a fifty-two week low of $3.18 and a fifty-two week high of $4.99. The stock has a market cap of $193.14, a P/E ratio of -2.71 and a beta of 2.29.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CASC. Schwab Charles Investment Management Inc. purchased a new position in shares of Cascadian Therapeutics in the 2nd quarter valued at about $225,000. Rhumbline Advisers purchased a new position in shares of Cascadian Therapeutics in the 2nd quarter valued at about $143,000. State of Wisconsin Investment Board purchased a new position in shares of Cascadian Therapeutics in the 2nd quarter valued at about $104,000. Bank of New York Mellon Corp grew its stake in Cascadian Therapeutics by 649.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 154,575 shares of the biopharmaceutical company’s stock worth $574,000 after buying an additional 133,962 shares during the last quarter. Finally, Teachers Advisors LLC purchased a new position in Cascadian Therapeutics during the 2nd quarter worth approximately $252,000. Institutional investors and hedge funds own 80.33% of the company’s stock.

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Cascadian Therapeutics Company Profile

Cascadian Therapeutics, Inc, formerly Oncothyreon Inc, is a clinical-stage biopharmaceutical company. The Company focuses on the development of therapeutic products for the treatment of cancer. The Company’s clinical-stage product candidate includes ONT-380, an orally active and selective small-molecule human epidermal growth factor receptor (HER) 2 inhibitor.

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