SunTrust Banks Weighs in on Entasis Therapeutics Holdings Inc’s Q2 2019 Earnings (ETTX)

Entasis Therapeutics Holdings Inc (NASDAQ:ETTX) – Investment analysts at SunTrust Banks increased their Q2 2019 earnings per share estimates for Entasis Therapeutics in a research note issued on Monday, May 20th. SunTrust Banks analyst E. Nash now anticipates that the company will post earnings per share of ($1.06) for the quarter, up from their previous estimate of ($1.27). SunTrust Banks also issued estimates for Entasis Therapeutics’ Q3 2019 earnings at ($1.15) EPS, Q4 2019 earnings at ($1.30) EPS and FY2019 earnings at ($4.50) EPS.

Entasis Therapeutics (NASDAQ:ETTX) last issued its quarterly earnings results on Tuesday, May 14th. The company reported ($0.99) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.75) by ($0.24).

Other equities research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Entasis Therapeutics from a “hold” rating to a “buy” rating and set a $7.50 price target on the stock in a research note on Thursday, April 4th. Wedbush reiterated an “outperform” rating and issued a $19.00 price target on shares of Entasis Therapeutics in a research note on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Entasis Therapeutics has a consensus rating of “Buy” and a consensus target price of $16.50.

Shares of ETTX stock opened at $6.25 on Wednesday. The company has a current ratio of 8.79, a quick ratio of 8.79 and a debt-to-equity ratio of 0.02. Entasis Therapeutics has a 1 year low of $3.97 and a 1 year high of $13.70. The firm has a market capitalization of $82.06 million and a price-to-earnings ratio of -0.51.

A number of hedge funds have recently modified their holdings of the business. FNY Investment Advisers LLC increased its stake in shares of Entasis Therapeutics by 13,801.0% during the 4th quarter. FNY Investment Advisers LLC now owns 13,901 shares of the company’s stock worth $56,000 after purchasing an additional 13,801 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Entasis Therapeutics during the 4th quarter worth about $56,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Entasis Therapeutics during the 4th quarter worth about $169,000. Hedge funds and other institutional investors own 65.35% of the company’s stock.

Entasis Therapeutics Company Profile

Entasis Therapeutics Holdings, Inc operates as a clinical stage biopharmaceutical company. It focuses on the discovery and development of novel antibacterial products. The firm develops a portfolio of innovative cures for serious drug-resistant bacterial infections. Its anti-infective discovery platform has produced a pipeline of differentiated programs, which is bacterial infections, including ETX2514SUL (targeting Acinetobacter baumannii infections), ETX0282CPDP (targeting Enterobacteriaceae infections), Non-Beta-lactam PBP inhibitor, and Zoliflodacin.

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