Wall Street brokerages forecast that Seres Therapeutics Inc (NASDAQ:MCRB) will post earnings per share of ($0.74) for the current quarter, according to Zacks. Two analysts have made estimates for Seres Therapeutics’ earnings. The highest EPS estimate is ($0.70) and the lowest is ($0.77). Seres Therapeutics posted earnings per share of ($0.63) in the same quarter last year, which suggests a negative year-over-year growth rate of 17.5%. The company is scheduled to announce its next quarterly earnings results on Thursday, May 3rd.
On average, analysts expect that Seres Therapeutics will report full-year earnings of ($2.64) per share for the current fiscal year, with EPS estimates ranging from ($2.90) to ($2.37). For the next financial year, analysts expect that the firm will report earnings of ($2.68) per share, with EPS estimates ranging from ($3.56) to ($2.04). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Seres Therapeutics.
Seres Therapeutics (NASDAQ:MCRB) last posted its earnings results on Thursday, March 8th. The biotechnology company reported ($0.71) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.73) by $0.02. Seres Therapeutics had a negative net margin of 278.44% and a negative return on equity of 103.46%. The firm had revenue of $3.06 million during the quarter, compared to the consensus estimate of $3.00 million.
MCRB has been the subject of several research reports. Zacks Investment Research downgraded shares of Seres Therapeutics from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. BidaskClub downgraded shares of Seres Therapeutics from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $18.00.
Seres Therapeutics stock traded down $0.26 during trading on Tuesday, hitting $7.64. The company had a trading volume of 168,951 shares, compared to its average volume of 142,336. The company has a market capitalization of $321.12, a PE ratio of -3.46 and a beta of 0.51. The company has a debt-to-equity ratio of 0.15, a quick ratio of 4.90 and a current ratio of 4.90. Seres Therapeutics has a 1-year low of $6.65 and a 1-year high of $17.42.
Several large investors have recently bought and sold shares of the business. Millennium Management LLC grew its stake in shares of Seres Therapeutics by 40.3% in the fourth quarter. Millennium Management LLC now owns 295,675 shares of the biotechnology company’s stock worth $2,998,000 after acquiring an additional 84,936 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of Seres Therapeutics by 243.3% in the fourth quarter. Two Sigma Investments LP now owns 38,445 shares of the biotechnology company’s stock worth $390,000 after acquiring an additional 27,245 shares in the last quarter. Two Sigma Advisers LP lifted its position in shares of Seres Therapeutics by 153.6% during the 4th quarter. Two Sigma Advisers LP now owns 35,500 shares of the biotechnology company’s stock worth $360,000 after purchasing an additional 21,500 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Seres Therapeutics by 72.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 49,530 shares of the biotechnology company’s stock worth $502,000 after purchasing an additional 20,839 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Seres Therapeutics by 146.1% during the 4th quarter. Deutsche Bank AG now owns 227,190 shares of the biotechnology company’s stock worth $2,302,000 after purchasing an additional 134,874 shares during the last quarter. Institutional investors and hedge funds own 79.02% of the company’s stock.
About Seres Therapeutics
Seres Therapeutics, Inc is a microbiome therapeutics platform company. The Company is engaged in developing a class of biological drugs, which is referred as Ecobiotic microbiome therapeutics. The Company’s drugs are designed to restore health by repairing the function of a dysbiotic microbiome. The Company is focused on implementing its microbiome therapeutics platform to develop Ecobiotic microbiome therapeutics that treats dysbiosis in the colonic microbiome.
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