-$0.27 Earnings Per Share Expected for ChemoCentryx Inc (NASDAQ:CCXI) This Quarter

Equities analysts expect ChemoCentryx Inc (NASDAQ:CCXI) to announce earnings per share (EPS) of ($0.27) for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for ChemoCentryx’s earnings, with estimates ranging from ($0.32) to ($0.20). ChemoCentryx posted earnings per share of ($0.22) in the same quarter last year, which indicates a negative year over year growth rate of 22.7%. The firm is expected to issue its next earnings results on Thursday, November 14th.

According to Zacks, analysts expect that ChemoCentryx will report full year earnings of ($1.02) per share for the current financial year, with EPS estimates ranging from ($1.21) to ($0.71). For the next fiscal year, analysts forecast that the company will post earnings of ($1.31) per share, with EPS estimates ranging from ($2.05) to ($0.46). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for ChemoCentryx.

ChemoCentryx (NASDAQ:CCXI) last announced its quarterly earnings results on Monday, August 5th. The biopharmaceutical company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.05). The company had revenue of $7.17 million during the quarter, compared to analysts’ expectations of $10.08 million. ChemoCentryx had a negative return on equity of 103.61% and a negative net margin of 144.27%.

Several analysts have commented on CCXI shares. ValuEngine upgraded shares of ChemoCentryx from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Raymond James decreased their price target on shares of ChemoCentryx from $24.00 to $17.00 and set a “strong-buy” rating on the stock in a research note on Thursday, June 6th. JPMorgan Chase & Co. upgraded shares of ChemoCentryx from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $16.00 to $14.00 in a research note on Thursday, September 12th. BidaskClub cut shares of ChemoCentryx from a “hold” rating to a “sell” rating in a research note on Friday, September 27th. Finally, Canaccord Genuity decreased their price target on shares of ChemoCentryx from $20.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $17.57.

CCXI stock traded up $0.01 during mid-day trading on Tuesday, hitting $7.22. The company had a trading volume of 5,575 shares, compared to its average volume of 507,569. The company has a market capitalization of $395.31 million, a price-to-earnings ratio of -9.52 and a beta of 1.15. ChemoCentryx has a 12-month low of $6.16 and a 12-month high of $14.98. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average price of $6.97 and a 200 day moving average price of $9.65.

Several institutional investors have recently bought and sold shares of CCXI. Tower Research Capital LLC TRC purchased a new stake in shares of ChemoCentryx in the 2nd quarter worth approximately $29,000. Quantamental Technologies LLC purchased a new position in ChemoCentryx during the second quarter valued at $46,000. BNP Paribas Arbitrage SA lifted its holdings in ChemoCentryx by 46,860.0% during the first quarter. BNP Paribas Arbitrage SA now owns 4,696 shares of the biopharmaceutical company’s stock valued at $65,000 after purchasing an additional 4,686 shares in the last quarter. Aperio Group LLC purchased a new position in ChemoCentryx during the second quarter valued at $82,000. Finally, JPMorgan Chase & Co. lifted its holdings in ChemoCentryx by 104.2% during the second quarter. JPMorgan Chase & Co. now owns 11,191 shares of the biopharmaceutical company’s stock valued at $100,000 after purchasing an additional 5,710 shares in the last quarter. Hedge funds and other institutional investors own 64.27% of the company’s stock.

ChemoCentryx Company Profile

ChemoCentryx, Inc, a clinical-stage biopharmaceutical company, develops new medications for inflammatory and autoimmune diseases, and cancer in the United States. The company targets the chemokine and chemoattractant systems to discover, develop, and commercialize orally-administered therapies. Its lead drug candidate is Avacopan, an orally-administered complement inhibitor of the complement C5a receptor (C5aR), is in Phase III development for the treatment of anti-neutrophil cytoplasmic auto-antibody-associated vasculitis.

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Earnings History and Estimates for ChemoCentryx (NASDAQ:CCXI)

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