-$0.42 Earnings Per Share Expected for Chimerix Inc (CMRX) This Quarter

Equities analysts forecast that Chimerix Inc (NASDAQ:CMRX) will post ($0.42) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Chimerix’s earnings. The lowest EPS estimate is ($0.45) and the highest is ($0.38). Chimerix reported earnings per share of ($0.37) during the same quarter last year, which would indicate a negative year over year growth rate of 13.5%. The company is scheduled to announce its next earnings report on Wednesday, November 14th.

According to Zacks, analysts expect that Chimerix will report full-year earnings of ($1.66) per share for the current fiscal year, with EPS estimates ranging from ($1.74) to ($1.61). For the next fiscal year, analysts forecast that the company will post earnings of ($1.65) per share, with EPS estimates ranging from ($1.86) to ($1.18). Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Chimerix.

Chimerix (NASDAQ:CMRX) last issued its earnings results on Wednesday, August 8th. The biopharmaceutical company reported ($0.39) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.44) by $0.05. Chimerix had a negative net margin of 1,582.64% and a negative return on equity of 34.94%. The company had revenue of $1.19 million for the quarter, compared to analysts’ expectations of $0.94 million.

A number of analysts have recently weighed in on the stock. HC Wainwright restated a “buy” rating and issued a $10.00 price target on shares of Chimerix in a report on Friday, September 7th. Zacks Investment Research upgraded shares of Chimerix from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a report on Tuesday, July 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $6.75.

Shares of Chimerix stock opened at $3.61 on Thursday. Chimerix has a 1 year low of $3.53 and a 1 year high of $5.94. The stock has a market cap of $186.82 million, a price-to-earnings ratio of -2.39 and a beta of 0.91.

Large investors have recently added to or reduced their stakes in the company. Millennium Management LLC raised its position in shares of Chimerix by 12.3% in the 2nd quarter. Millennium Management LLC now owns 284,624 shares of the biopharmaceutical company’s stock valued at $1,355,000 after purchasing an additional 31,091 shares during the last quarter. Opaleye Management Inc. raised its position in shares of Chimerix by 91.7% in the 2nd quarter. Opaleye Management Inc. now owns 1,150,000 shares of the biopharmaceutical company’s stock valued at $5,474,000 after purchasing an additional 550,000 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Chimerix by 7.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,481,614 shares of the biopharmaceutical company’s stock valued at $11,812,000 after purchasing an additional 164,472 shares during the last quarter. BlackRock Inc. raised its position in shares of Chimerix by 1.7% in the 2nd quarter. BlackRock Inc. now owns 3,496,177 shares of the biopharmaceutical company’s stock valued at $16,643,000 after purchasing an additional 59,554 shares during the last quarter. Finally, Spark Investment Management LLC purchased a new position in shares of Chimerix in the 2nd quarter valued at approximately $917,000. Institutional investors and hedge funds own 72.98% of the company’s stock.

Chimerix Company Profile

Chimerix, Inc, a biopharmaceutical company, discovers, develops, and commercializes medicines that address unmet medical needs in the United States. The company's lead product candidate is brincidofovir, an investigational nucleoside analog for the prevention of viral infections in hematopoietic or stem cell transplant recipients (HCT), as well as for the treatment of adenovirus infection and disease, smallpox, and BK virus infection in kidney and HCT transplant recipients.

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Earnings History and Estimates for Chimerix (NASDAQ:CMRX)

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