Brokerages forecast that Arbutus Biopharma Co. (NASDAQ:ABUS – Get Rating) will post earnings of ($0.13) per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Arbutus Biopharma’s earnings, with estimates ranging from ($0.15) to ($0.10). Arbutus Biopharma reported earnings of ($0.23) per share during the same quarter last year, which suggests a positive year over year growth rate of 43.5%. The business is expected to report its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Arbutus Biopharma will report full year earnings of ($0.51) per share for the current fiscal year, with EPS estimates ranging from ($0.60) to ($0.39). For the next fiscal year, analysts forecast that the firm will post earnings of ($0.58) per share, with EPS estimates ranging from ($0.80) to ($0.40). Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Arbutus Biopharma.
Arbutus Biopharma (NASDAQ:ABUS – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The biopharmaceutical company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.02. Arbutus Biopharma had a negative return on equity of 121.30% and a negative net margin of 352.49%. The business had revenue of $12.58 million during the quarter, compared to the consensus estimate of $5.77 million. During the same period last year, the firm earned ($0.21) earnings per share.
Institutional investors and hedge funds have recently made changes to their positions in the company. Two Sigma Investments LP lifted its holdings in shares of Arbutus Biopharma by 187.7% in the 3rd quarter. Two Sigma Investments LP now owns 730,298 shares of the biopharmaceutical company’s stock worth $3,133,000 after acquiring an additional 476,475 shares during the last quarter. Traynor Capital Management Inc. purchased a new position in shares of Arbutus Biopharma in the fourth quarter worth $42,000. QCM Cayman Ltd. purchased a new position in shares of Arbutus Biopharma in the fourth quarter worth $40,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of Arbutus Biopharma in the third quarter worth $626,000. Finally, Geode Capital Management LLC increased its stake in shares of Arbutus Biopharma by 19.7% in the third quarter. Geode Capital Management LLC now owns 1,540,431 shares of the biopharmaceutical company’s stock worth $6,608,000 after buying an additional 253,773 shares during the period. Hedge funds and other institutional investors own 26.66% of the company’s stock.
ABUS opened at $2.40 on Friday. The business’s 50 day moving average is $2.66 and its 200-day moving average is $3.13. The stock has a market cap of $356.95 million, a PE ratio of -3.29 and a beta of 2.66. Arbutus Biopharma has a twelve month low of $1.93 and a twelve month high of $6.50.
About Arbutus Biopharma (Get Rating)
Arbutus Biopharma Corporation, a biopharmaceutical company, develops novel therapeutics for chronic Hepatitis B virus (HBV) infection, SARS-CoV-2, and other coronaviruses in the United States. Its HBV product pipeline consists of AB-729, a proprietary subcutaneously delivered RNA interference product candidate, which in Phase Ia/Ib clinical trial targeted to hepatocytes that inhibits viral replication and reduces various HBV antigens using novel covalently conjugated N-acetylgalactosamine (GalNAc) delivery technology; and AB-836, an oral capsid inhibitor that suppresses HBV DNA replication.
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