Merus NV (NASDAQ:MRUS) Expected to Announce Earnings of -$0.46 Per Share

Wall Street analysts expect that Merus NV (NASDAQ:MRUS) will post earnings of ($0.46) per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Merus’ earnings, with the lowest EPS estimate coming in at ($0.54) and the highest estimate coming in at ($0.41). Merus reported earnings per share of ($0.55) during the same quarter last year, which would indicate a positive year-over-year growth rate of 16.4%. The business is expected to issue its next quarterly earnings results on Thursday, December 26th.

According to Zacks, analysts expect that Merus will report full year earnings of ($1.73) per share for the current fiscal year, with EPS estimates ranging from ($1.76) to ($1.69). For the next fiscal year, analysts anticipate that the business will report earnings of ($1.45) per share, with EPS estimates ranging from ($2.07) to ($0.90). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Merus.

Merus (NASDAQ:MRUS) last posted its quarterly earnings results on Monday, August 19th. The biotechnology company reported ($0.57) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.54) by ($0.03). Merus had a negative net margin of 104.10% and a negative return on equity of 41.68%. The firm had revenue of $6.27 million for the quarter, compared to analysts’ expectations of $8.62 million.

A number of research firms have recently commented on MRUS. Zacks Investment Research upgraded shares of Merus from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Wednesday, October 2nd. BidaskClub upgraded shares of Merus from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Finally, Roth Capital began coverage on shares of Merus in a report on Friday, June 28th. They issued a “buy” rating and a $20.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Merus presently has a consensus rating of “Buy” and a consensus target price of $23.43.

A number of hedge funds have recently modified their holdings of MRUS. JPMorgan Chase & Co. boosted its holdings in Merus by 63.5% in the second quarter. JPMorgan Chase & Co. now owns 8,722 shares of the biotechnology company’s stock worth $123,000 after purchasing an additional 3,389 shares during the last quarter. Artal Group S.A. boosted its holdings in Merus by 16.7% in the second quarter. Artal Group S.A. now owns 350,000 shares of the biotechnology company’s stock worth $5,128,000 after purchasing an additional 50,000 shares during the last quarter. Athanor Capital LP purchased a new stake in Merus in the second quarter worth approximately $334,000. Finally, Morgan Stanley boosted its holdings in Merus by 3.1% in the second quarter. Morgan Stanley now owns 92,776 shares of the biotechnology company’s stock worth $1,359,000 after purchasing an additional 2,788 shares during the last quarter. Institutional investors own 52.00% of the company’s stock.

Shares of NASDAQ:MRUS traded up $0.29 during trading on Wednesday, reaching $16.70. 245 shares of the stock traded hands, compared to its average volume of 48,522. The stock has a 50-day moving average of $17.18 and a two-hundred day moving average of $15.40. Merus has a 52-week low of $11.00 and a 52-week high of $20.95. The stock has a market cap of $376.29 million, a P/E ratio of -9.01 and a beta of 0.24.

Merus Company Profile

Merus N.V., a clinical-stage immuno-oncology company, engages in developing bispecific antibody therapeutics. Its bispecific antibody candidate pipeline includes MCLA-128, which is in a Phase II clinical trial for the treatment of patients with metastatic breast cancer; and Phase I/II study for treating gastric, ovarian, endometrial, and non-small cell lung cancers.

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Earnings History and Estimates for Merus (NASDAQ:MRUS)

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