B. Riley Comments on Sensus Healthcare Inc’s FY2020 Earnings (NASDAQ:SRTS)

Sensus Healthcare Inc (NASDAQ:SRTS) – Analysts at B. Riley boosted their FY2020 earnings per share (EPS) estimates for Sensus Healthcare in a note issued to investors on Friday, August 9th. B. Riley analyst A. D’silva now expects that the company will post earnings per share of $0.42 for the year, up from their prior forecast of $0.33.

Sensus Healthcare (NASDAQ:SRTS) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.06. Sensus Healthcare had a negative return on equity of 8.89% and a negative net margin of 8.65%. The business had revenue of $7.48 million during the quarter, compared to analysts’ expectations of $8.04 million.



SRTS has been the subject of a number of other reports. ValuEngine raised Sensus Healthcare from a “hold” rating to a “buy” rating in a report on Saturday. TheStreet cut Sensus Healthcare from a “c-” rating to a “d+” rating in a report on Wednesday, May 22nd. HC Wainwright reiterated a “buy” rating and issued a $9.00 price objective on shares of Sensus Healthcare in a research report on Monday, May 13th. Alliance Global Partners lowered Sensus Healthcare from a “buy” rating to a “neutral” rating in a research report on Friday, May 10th. Finally, Maxim Group set a $11.00 price objective on Sensus Healthcare and gave the stock a “buy” rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $9.50.

Sensus Healthcare stock opened at $6.01 on Monday. The firm has a 50-day simple moving average of $5.35. Sensus Healthcare has a 12-month low of $4.75 and a 12-month high of $9.23. The company has a market capitalization of $98.09 million, a PE ratio of -42.93 and a beta of -0.21.

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in Sensus Healthcare by 40.7% in the second quarter. BlackRock Inc. now owns 103,643 shares of the company’s stock worth $574,000 after purchasing an additional 29,990 shares during the period. Heartland Advisors Inc. lifted its position in Sensus Healthcare by 150.0% in the second quarter. Heartland Advisors Inc. now owns 375,000 shares of the company’s stock worth $2,078,000 after purchasing an additional 225,000 shares during the period. Wells Fargo & Company MN bought a new position in Sensus Healthcare in the second quarter worth $30,000. B. Riley Wealth Management Inc. bought a new position in Sensus Healthcare in the first quarter worth $117,000. Finally, B. Riley Financial Inc. bought a new position in Sensus Healthcare in the first quarter worth $281,000. Hedge funds and other institutional investors own 9.53% of the company’s stock.

About Sensus Healthcare

Sensus Healthcare, Inc manufactures and markets superficial radiation therapy devices to healthcare providers worldwide. It offers SRT-100, a photon X-ray low energy superficial radiotherapy system that provides patients an alternative to surgery for treating non-melanoma skin cancers; and SRT-100 Vision, which provides the user with a superficial radiation therapy-tailored treatment planning application that integrates the embedded high frequency ultrasound imaging module, volumetric tumor analysis, beam margins planning, and dosimetry parameters.

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Earnings History and Estimates for Sensus Healthcare (NASDAQ:SRTS)

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