Aclaris Therapeutics, Inc. (ACRS) to Release Quarterly Earnings on Wednesday
Aclaris Therapeutics, Inc. (NASDAQ:ACRS) is set to announce its earnings results after the market closes on Wednesday, August 9th. Analysts expect the company to announce earnings of ($0.71) per share for the quarter.
Aclaris Therapeutics (NASDAQ:ACRS) last issued its quarterly earnings results on Tuesday, May 9th. The biotechnology company reported ($0.48) earnings per share for the quarter, topping the consensus estimate of ($0.54) by $0.06. On average, analysts expect Aclaris Therapeutics to post $-3.21 EPS for the current fiscal year and $-3.46 EPS for the next fiscal year.
Shares of Aclaris Therapeutics, Inc. (ACRS) opened at 26.83 on Monday. The stock’s market capitalization is $717.25 million. Aclaris Therapeutics, Inc. has a one year low of $18.24 and a one year high of $33.25. The stock has a 50 day moving average price of $27.58 and a 200 day moving average price of $28.03.
A number of research analysts recently commented on ACRS shares. Jefferies Group LLC reiterated a “buy” rating and issued a $36.00 price objective on shares of Aclaris Therapeutics in a report on Monday, July 31st. BidaskClub upgraded Aclaris Therapeutics from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Guggenheim reiterated a “buy” rating and issued a $40.00 price objective on shares of Aclaris Therapeutics in a report on Tuesday, July 4th. ValuEngine upgraded Aclaris Therapeutics from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Finally, Cantor Fitzgerald started coverage on Aclaris Therapeutics in a report on Friday, June 16th. They issued an “overweight” rating and a $50.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. Aclaris Therapeutics presently has a consensus rating of “Buy” and an average target price of $39.00.
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About Aclaris Therapeutics
Aclaris Therapeutics, Inc is a United States-based clinical-stage specialty pharmaceutical company. The Company is focused on identifying, developing and commercializing drugs to address the needs in dermatology. Its lead drug candidate, A-101 Topical Solution, is a hydrogen peroxide topical solution that the Company is developing as a prescription treatment for seborrheic keratosis (SK).
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