Brokers Set Expectations for Spero Therapeutics, Inc.’s Q3 2017 Earnings (SPRO)
Spero Therapeutics, Inc. (NASDAQ:SPRO) – Equities researchers at Oppenheimer issued their Q3 2017 earnings estimates for shares of Spero Therapeutics in a research report issued on Monday. Oppenheimer analyst J. Olson forecasts that the company will earn ($2.17) per share for the quarter. Oppenheimer currently has a “Buy” rating and a $30.00 target price on the stock. Oppenheimer also issued estimates for Spero Therapeutics’ Q4 2017 earnings at ($1.97) EPS, FY2017 earnings at ($7.32) EPS, Q1 2018 earnings at ($2.26) EPS, Q2 2018 earnings at ($1.95) EPS, Q3 2018 earnings at ($2.23) EPS, Q4 2018 earnings at ($3.03) EPS, FY2018 earnings at ($9.48) EPS, FY2019 earnings at ($16.13) EPS, FY2020 earnings at ($18.17) EPS and FY2021 earnings at ($12.97) EPS.
Several other analysts have also issued reports on SPRO. Cowen began coverage on shares of Spero Therapeutics in a research report on Monday. They issued an “outperform” rating on the stock. Stifel Nicolaus began coverage on shares of Spero Therapeutics in a research report on Monday. They set a “buy” rating and a $26.00 price objective on the stock. Finally, Bank of America began coverage on Spero Therapeutics in a report on Monday. They set a “neutral” rating for the company.
Shares of Spero Therapeutics (NASDAQ SPRO) opened at $11.95 on Wednesday. Spero Therapeutics has a fifty-two week low of $10.83 and a fifty-two week high of $15.40.
In other Spero Therapeutics news, CFO Joel Sendek purchased 5,000 shares of the stock in a transaction dated Monday, November 6th. The shares were bought at an average cost of $14.00 per share, with a total value of $70,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Plc Glaxosmithkline bought 428,571 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were purchased at an average cost of $14.00 per share, for a total transaction of $5,999,994.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 649,356 shares of company stock valued at $9,090,984.
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Spero Therapeutics Company Profile
SmartPros Ltd. is engaged in provision of learning and educational solutions in content areas that target specific markets, including accounting/finance, legal, engineering, securities and insurance. The Company also provides education in banking, finance, taxation, information technology, health and safety, human resources and compliance for the general corporate market.
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