ContraFect Corporation (CFRX) Expected to Announce Earnings of -$0.11 Per Share
Wall Street brokerages expect ContraFect Corporation (NASDAQ:CFRX) to report earnings per share of ($0.11) for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for ContraFect Corporation’s earnings. The highest EPS estimate is ($0.10) and the lowest is ($0.12). ContraFect Corporation posted earnings of ($0.28) per share in the same quarter last year, which would suggest a positive year over year growth rate of 60.7%. The business is expected to report its next earnings results on Wednesday, November 8th.
On average, analysts expect that ContraFect Corporation will report full-year earnings of ($0.43) per share for the current year, with EPS estimates ranging from ($0.46) to ($0.40). For the next financial year, analysts forecast that the company will report earnings of ($0.42) per share, with EPS estimates ranging from ($0.50) to ($0.34). Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for ContraFect Corporation.
ContraFect Corporation (NASDAQ:CFRX) last posted its quarterly earnings results on Wednesday, August 9th. The biotechnology company reported ($0.07) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.11.
Separately, Maxim Group reiterated a “hold” rating on shares of ContraFect Corporation in a research note on Thursday, May 25th.
In related news, Director Sol J. Barer bought 40,000 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were bought at an average price of $1.24 per share, with a total value of $49,600.00. Following the transaction, the director now owns 815,933 shares in the company, valued at $1,011,756.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders have purchased 50,800 shares of company stock valued at $62,992. 9.30% of the stock is currently owned by company insiders.
A hedge fund recently bought a new stake in ContraFect Corporation stock. Westfield Capital Management Co. LP bought a new stake in shares of ContraFect Corporation (NASDAQ:CFRX) during the first quarter, according to its most recent 13F filing with the SEC. The firm bought 149,600 shares of the biotechnology company’s stock, valued at approximately $269,000. Westfield Capital Management Co. LP owned approximately 0.36% of ContraFect Corporation at the end of the most recent quarter. 25.22% of the stock is owned by institutional investors.
ContraFect Corporation (NASDAQ CFRX) traded down 2.083% during midday trading on Tuesday, hitting $1.175. 102,268 shares of the stock were exchanged. The firm’s 50 day moving average price is $1.31 and its 200 day moving average price is $1.59. ContraFect Corporation has a 12 month low of $1.00 and a 12 month high of $3.28. The company’s market cap is $86.55 million.
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