Chimerix, Inc. (CMRX) Announces Earnings Results, Beats Expectations By $0.06 EPS
Chimerix, Inc. (NASDAQ:CMRX) issued its quarterly earnings results on Wednesday. The biopharmaceutical company reported ($0.37) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.43) by $0.06, Bloomberg Earnings reports. The business had revenue of $0.90 million for the quarter, compared to analyst estimates of $0.81 million. Chimerix had a negative return on equity of 24.68% and a negative net margin of 1,514.27%.
Chimerix (NASDAQ:CMRX) traded down $0.07 during trading on Thursday, reaching $4.76. The company had a trading volume of 169,945 shares, compared to its average volume of 298,431. Chimerix has a twelve month low of $4.28 and a twelve month high of $6.64.
Several analysts have issued reports on CMRX shares. ValuEngine lowered Chimerix from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Zacks Investment Research upgraded Chimerix from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a research note on Wednesday, August 9th.
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Chimerix, Inc is a biotechnology company. The Company is focused on discovering, developing and commercializing medicines that address unmet medical needs. Its lead compound, brincidofovir, is in development as an oral and intravenous (IV) formulation for the prevention and treatment of deoxyribonucleic acid (DNA) viruses, including smallpox, adenoviruses (AdV), and the human herpesviruses.
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