CTI BioPharma Corp. (CTIC) Expected to Post Q3 2017 Earnings of ($0.32) Per Share

CTI BioPharma Corp. (NASDAQ:CTIC) – Jefferies Group issued their Q3 2017 EPS estimates for shares of CTI BioPharma Corp. in a research report issued on Tuesday. Jefferies Group analyst M. Andrews forecasts that the biopharmaceutical company will post earnings of ($0.32) per share for the quarter. Jefferies Group currently has a “Buy” rating and a $7.50 target price on the stock. Jefferies Group also issued estimates for CTI BioPharma Corp.’s Q4 2017 earnings at ($0.31) EPS, FY2017 earnings at ($1.26) EPS, Q1 2018 earnings at ($0.32) EPS, Q2 2018 earnings at ($0.31) EPS, Q3 2018 earnings at ($0.66) EPS, Q4 2018 earnings at ($0.55) EPS, FY2018 earnings at ($1.87) EPS, FY2019 earnings at ($0.71) EPS, FY2020 earnings at ($0.25) EPS and FY2021 earnings at $0.26 EPS.

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Shares of CTI BioPharma Corp. (NASDAQ CTIC) opened at 3.32 on Thursday. The firm’s market cap is $105.33 million. CTI BioPharma Corp. has a 12 month low of $0.36 and a 12 month high of $6.48. The stock has a 50 day moving average of $3.34 and a 200 day moving average of $3.77.

CTI BioPharma Corp. (NASDAQ:CTIC) last announced its earnings results on Thursday, August 3rd. The biopharmaceutical company reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.60) by $0.63. CTI BioPharma Corp. had a negative net margin of 136.76% and a negative return on equity of 418.99%. The business had revenue of $22.23 million for the quarter.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Segantii Capital Management Ltd acquired a new stake in CTI BioPharma Corp. in the 1st quarter valued at about $102,000. WASHINGTON TRUST Co acquired a new stake in CTI BioPharma Corp. in the 2nd quarter valued at about $104,000. Acadian Asset Management LLC acquired a new stake in CTI BioPharma Corp. in the 1st quarter valued at about $181,000. Stonepine Capital Management LLC acquired a new stake in CTI BioPharma Corp. in the 2nd quarter valued at about $7,561,000. Finally, Nine Chapters Capital Management LLC grew its stake in CTI BioPharma Corp. by 152.9% in the 1st quarter. Nine Chapters Capital Management LLC now owns 43,500 shares of the biopharmaceutical company’s stock valued at $183,000 after acquiring an additional 26,300 shares during the last quarter. 42.87% of the stock is currently owned by hedge funds and other institutional investors.

About CTI BioPharma Corp.

CTI BioPharma Corp. (CTI) is a biopharmaceutical company focused on the acquisition, development and commercialization of targeted therapies covering a spectrum of blood-related cancers to patients and healthcare providers. The Company is primarily focused on commercializing PIXUVRI in select countries in the European Union, for multiply relapsed or refractory aggressive B-cell non-Hodgkin lymphoma (NHL).

Earnings History and Estimates for CTI BioPharma Corp. (NASDAQ:CTIC)

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