Brokerages forecast that Cidara Therapeutics Inc (NASDAQ:CDTX) will report ($0.36) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Cidara Therapeutics’ earnings. Cidara Therapeutics reported earnings per share of ($0.69) during the same quarter last year, which would indicate a positive year-over-year growth rate of 47.8%. The company is expected to issue its next quarterly earnings report on Wednesday, August 14th.
According to Zacks, analysts expect that Cidara Therapeutics will report full-year earnings of ($1.69) per share for the current year. For the next year, analysts anticipate that the business will report earnings of ($1.12) per share. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Cidara Therapeutics.
Cidara Therapeutics (NASDAQ:CDTX) last posted its quarterly earnings results on Thursday, May 9th. The biotechnology company reported ($0.60) earnings per share for the quarter, hitting the consensus estimate of ($0.60).
Hedge funds have recently added to or reduced their stakes in the company. Raymond James & Associates raised its holdings in Cidara Therapeutics by 38.2% in the 4th quarter. Raymond James & Associates now owns 331,351 shares of the biotechnology company’s stock worth $779,000 after purchasing an additional 91,553 shares during the period. Vanguard Group Inc raised its holdings in Cidara Therapeutics by 15.0% in the 3rd quarter. Vanguard Group Inc now owns 660,485 shares of the biotechnology company’s stock worth $2,906,000 after purchasing an additional 85,979 shares during the period. Vanguard Group Inc. raised its holdings in Cidara Therapeutics by 15.0% in the 3rd quarter. Vanguard Group Inc. now owns 660,485 shares of the biotechnology company’s stock worth $2,906,000 after purchasing an additional 85,979 shares during the period. Alethea Capital Management LLC raised its holdings in Cidara Therapeutics by 17.0% in the 1st quarter. Alethea Capital Management LLC now owns 564,313 shares of the biotechnology company’s stock worth $1,495,000 after purchasing an additional 81,956 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Cidara Therapeutics by 25.3% in the 1st quarter. Renaissance Technologies LLC now owns 396,732 shares of the biotechnology company’s stock worth $1,051,000 after purchasing an additional 80,232 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.
Shares of Cidara Therapeutics stock traded down $0.03 during midday trading on Friday, hitting $1.99. The company had a trading volume of 3,737 shares, compared to its average volume of 98,120. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $52.22 million, a P/E ratio of -0.86 and a beta of 2.13. Cidara Therapeutics has a 52-week low of $1.85 and a 52-week high of $6.35.
Cidara Therapeutics Company Profile
Cidara Therapeutics, Inc, a biopharmaceutical company, focuses on the discovery, development, and commercialization of anti-infectives for the treatment of diseases. Its lead product candidate is rezafungin acetate, a molecule in the echinocandin class of antifungals for the treatment and prevention of serious invasive fungal infections, including candidemia and invasive candidiasis, fungal infections associated with high mortality rates.
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