Correvio Pharma (CORV) Announces Earnings Results

Correvio Pharma (NASDAQ:CORV) announced its quarterly earnings results on Wednesday. The company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.01, MarketWatch Earnings reports. Correvio Pharma had a negative net margin of 68.98% and a negative return on equity of 294.35%.

Shares of NASDAQ:CORV opened at $3.90 on Thursday. Correvio Pharma has a 52 week low of $1.46 and a 52 week high of $5.24. The firm has a market capitalization of $152.88 million, a price-to-earnings ratio of -4.33 and a beta of 0.67. The company has a debt-to-equity ratio of 4.02, a current ratio of 4.05 and a quick ratio of 3.46.

A number of equities analysts have commented on the stock. B. Riley assumed coverage on shares of Correvio Pharma in a research note on Tuesday, December 4th. They issued a “buy” rating and a $7.00 price objective for the company. HC Wainwright reissued a “buy” rating and issued a $10.50 price objective on shares of Correvio Pharma in a research note on Monday, January 14th.



Several large investors have recently modified their holdings of CORV. BlackRock Inc. purchased a new position in shares of Correvio Pharma in the 4th quarter worth $39,000. Worth Venture Partners LLC purchased a new position in shares of Correvio Pharma during the 3rd quarter worth about $173,000. Columbia Pacific Advisors LLC purchased a new position in shares of Correvio Pharma during the 4th quarter worth about $251,000. Essex Investment Management Co. LLC purchased a new position in shares of Correvio Pharma during the 4th quarter worth about $333,000. Finally, ARS Investment Partners LLC boosted its stake in shares of Correvio Pharma by 19.7% during the 4th quarter. ARS Investment Partners LLC now owns 333,855 shares of the company’s stock worth $831,000 after purchasing an additional 54,915 shares during the period. 41.88% of the stock is owned by institutional investors and hedge funds.

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About Correvio Pharma

Correvio Pharma Corp., a specialty pharmaceutical company, provides various products to meet the needs of acute care physicians and patients worldwide. It develops, acquires, and commercializes various brands for the in-hospital acute care market segment. The company's portfolio of marketed brands include Xydalba (dalbavancin hydrochloride) for the treatment of acute bacterial skin and skin structure infections; Zevtera/Mabelio (ceftobiprole medocaril sodium), a cephalosporin antibiotic for the treatment of community and hospital-acquired pneumonia; and Brinavess (vernakalant IV) for the rapid conversion of recent onset atrial fibrillation to sinus rhythm.

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Earnings History for Correvio Pharma (NASDAQ:CORV)

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