Arcus Biosciences (NYSE:RCUS) Issues Earnings Results, Misses Expectations By $0.24 EPS

Arcus Biosciences (NYSE:RCUS) released its quarterly earnings results on Tuesday. The company reported ($0.64) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.40) by ($0.24), Bloomberg Earnings reports. The firm had revenue of $1.75 million for the quarter, compared to analyst estimates of $4.54 million. Arcus Biosciences had a negative net margin of 736.31% and a negative return on equity of 29.45%.

RCUS stock traded down $0.01 during mid-day trading on Friday, hitting $7.45. 8,171 shares of the company were exchanged, compared to its average volume of 111,294. The firm has a market cap of $300.61 million, a P/E ratio of -5.21 and a beta of 1.02. Arcus Biosciences has a twelve month low of $6.30 and a twelve month high of $16.06. The stock’s fifty day moving average is $8.22.

RCUS has been the subject of several recent analyst reports. ValuEngine raised shares of Arcus Biosciences from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Zacks Investment Research lowered shares of Arcus Biosciences from a “buy” rating to a “hold” rating in a report on Thursday. Svb Leerink reissued an “outperform” rating on shares of Arcus Biosciences in a report on Friday, May 3rd. Finally, Citigroup decreased their price objective on shares of Arcus Biosciences from $25.00 to $15.00 and set an “in-line” rating for the company in a report on Wednesday, June 5th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Arcus Biosciences currently has an average rating of “Buy” and an average price target of $16.56.



In other Arcus Biosciences news, CEO Terry J. Rosen purchased 41,540 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was acquired at an average cost of $7.91 per share, with a total value of $328,581.40. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Terry J. Rosen purchased 21,738 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was acquired at an average cost of $7.93 per share, with a total value of $172,382.34. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 140,343 shares of company stock valued at $1,120,078. 19.23% of the stock is owned by company insiders.

About Arcus Biosciences

Arcus Biosciences, Inc, a clinical-stage biopharmaceutical company, engages in developing and commercializing cancer immunotherapies in the United States. The company develops various programs targeting immuno-oncology pathways, including AB928, a dual adenosine receptor antagonist, which is in a Phase I/Ib clinical trial; and AB122, an anti-PD-1 antibody that is in Phase I clinical trial.

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Earnings History for Arcus Biosciences (NYSE:RCUS)

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