SunTrust Banks Weighs in on Curis, Inc.’s FY2017 Earnings (CRIS)

Curis, Inc. (NASDAQ:CRIS) – Research analysts at SunTrust Banks lowered their FY2017 EPS estimates for Curis in a report released on Tuesday. SunTrust Banks analyst P. Lawson now expects that the biotechnology company will post earnings of ($0.40) per share for the year, down from their previous estimate of ($0.35). SunTrust Banks also issued estimates for Curis’ Q4 2017 earnings at ($0.08) EPS, Q1 2018 earnings at ($0.07) EPS, Q2 2018 earnings at ($0.08) EPS, Q3 2018 earnings at ($0.08) EPS, Q4 2018 earnings at ($0.08) EPS, FY2018 earnings at ($0.31) EPS, FY2019 earnings at ($0.29) EPS and FY2020 earnings at ($0.18) EPS.

Other equities research analysts have also recently issued reports about the stock. Guggenheim started coverage on shares of Curis in a research report on Monday, October 23rd. They set a “buy” rating and a $7.00 price target on the stock. Zacks Investment Research raised shares of Curis from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. ValuEngine raised shares of Curis from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BidaskClub raised shares of Curis from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 17th. Three equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Curis has an average rating of “Hold” and a consensus price target of $6.50.

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Shares of Curis (NASDAQ:CRIS) opened at $1.23 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 5.15 and a quick ratio of 3.72. Curis has a 52-week low of $1.20 and a 52-week high of $3.72.

Curis (NASDAQ:CRIS) last posted its quarterly earnings data on Tuesday, November 7th. The biotechnology company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.02). The company had revenue of $2.44 million during the quarter, compared to the consensus estimate of $2.19 million. Curis had a negative net margin of 629.29% and a negative return on equity of 250.58%. During the same period in the prior year, the firm posted ($0.21) earnings per share. The company’s revenue was up 38.6% compared to the same quarter last year.

Hedge funds have recently modified their holdings of the company. FNY Partners Fund LP raised its holdings in shares of Curis by 350.0% in the 3rd quarter. FNY Partners Fund LP now owns 67,500 shares of the biotechnology company’s stock valued at $100,000 after purchasing an additional 52,500 shares during the period. Bank of America Corp DE raised its holdings in shares of Curis by 58.7% in the 1st quarter. Bank of America Corp DE now owns 36,348 shares of the biotechnology company’s stock valued at $101,000 after purchasing an additional 13,448 shares during the period. Prudential Financial Inc. bought a new stake in shares of Curis in the 1st quarter valued at about $105,000. OxFORD Asset Management LLP bought a new stake in shares of Curis in the 2nd quarter valued at about $115,000. Finally, Voya Investment Management LLC raised its holdings in shares of Curis by 21.8% in the 2nd quarter. Voya Investment Management LLC now owns 68,138 shares of the biotechnology company’s stock valued at $129,000 after purchasing an additional 12,207 shares during the period. 44.67% of the stock is currently owned by institutional investors.

Curis Company Profile

Curis, Inc is a biotechnology company seeking to develop and commercialize drug candidates for the treatment of cancers. The Company’s drug candidate is CUDC-907, an orally-available, small molecule inhibitor of histone deacetylase (HDAC) and phosphatidylinositol-3-kinase (PI3K) enzymes. CUDC-907 is an oral, dual inhibitor of Class I and II HDAC, as well as Class I PI3K enzymes.

Earnings History and Estimates for Curis (NASDAQ:CRIS)

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