CooTek (Cayman) Inc. (CTK) Forecasted to Earn Q1 2020 Earnings of $0.10 Per Share

CooTek (Cayman) Inc. (NYSE:CTK) – Investment analysts at KeyCorp reduced their Q1 2020 EPS estimates for shares of CooTek (Cayman) in a research report issued to clients and investors on Sunday, May 12th. KeyCorp analyst H. Chung now anticipates that the company will post earnings of $0.10 per share for the quarter, down from their prior forecast of $0.19. KeyCorp currently has a “Buy” rating and a $14.00 target price on the stock. KeyCorp also issued estimates for CooTek (Cayman)’s Q2 2020 earnings at $0.19 EPS, Q3 2020 earnings at $0.30 EPS and Q4 2020 earnings at $0.49 EPS.

CooTek (Cayman) (NYSE:CTK) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.07. The company had revenue of $47.05 million for the quarter, compared to analyst estimates of $46.10 million.



CTK has been the topic of a number of other research reports. Zacks Investment Research cut shares of CooTek (Cayman) from a “hold” rating to a “sell” rating in a report on Friday, April 19th. Citigroup cut shares of CooTek (Cayman) from a “buy” rating to a “neutral” rating in a report on Friday, March 8th.

CTK stock opened at $9.88 on Tuesday. CooTek has a twelve month low of $5.40 and a twelve month high of $13.30.

A number of hedge funds have recently added to or reduced their stakes in the business. Advisor Group Inc. acquired a new stake in CooTek (Cayman) during the first quarter worth approximately $73,000. Bank of America Corp DE acquired a new stake in CooTek (Cayman) during the fourth quarter worth approximately $179,000. BlackRock Inc. purchased a new position in shares of CooTek (Cayman) during the fourth quarter worth approximately $61,000. Finally, Morgan Stanley purchased a new position in shares of CooTek (Cayman) during the third quarter worth approximately $2,549,000. 1.73% of the stock is currently owned by institutional investors.

CooTek (Cayman) Company Profile

CooTek (Cayman) Inc operates as an AI and big data-driven mobile Internet company. Its primary product is TouchPal Smart Input, an input method for mobile devices that supports approximately 110 languages worldwide. The company was founded in 2008 and is based in Shanghai, the People's Republic of China.

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Earnings History and Estimates for CooTek (Cayman) (NYSE:CTK)

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