FY2017 Earnings Forecast for Cerecor Inc. (CERC) Issued By Zacks Investment Research

Cerecor Inc. (NASDAQ:CERC) – Stock analysts at Zacks Investment Research raised their FY2017 earnings estimates for shares of Cerecor in a note issued to investors on Thursday. Zacks Investment Research analyst D. Bautz now anticipates that the company will post earnings per share of $0.83 for the year, up from their previous forecast of ($0.80). Zacks Investment Research also issued estimates for Cerecor’s Q4 2017 earnings at ($0.13) EPS, FY2018 earnings at ($0.59) EPS and FY2019 earnings at ($0.61) EPS.

Several other research firms have also issued reports on CERC. ValuEngine raised shares of Cerecor from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 7th. TheStreet raised shares of Cerecor from an “e+” rating to a “c-” rating in a research report on Wednesday, November 8th.

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Shares of Cerecor (CERC) opened at $1.01 on Monday. Cerecor has a 52-week low of $0.34 and a 52-week high of $5.60. The stock has a market cap of $26.05, a price-to-earnings ratio of 100.00 and a beta of 2.13.

Cerecor (NASDAQ:CERC) last released its quarterly earnings data on Monday, August 14th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.15. Cerecor had a net margin of 51.71% and a return on equity of 212.90%. The company had revenue of $0.16 million during the quarter.

In other news, major shareholder Armistice Capital Master Fund bought 219,792 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was acquired at an average cost of $0.60 per share, for a total transaction of $131,875.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought 1,638,693 shares of company stock valued at $1,053,475 over the last 90 days. Insiders own 10.70% of the company’s stock.

Cerecor Company Profile

Cerecor, Inc is a clinical stage biopharmaceutical company. The Company is engaged in developing drug candidates for patients with neurological and psychiatric disorders. The Company has a portfolio of clinical and preclinical compounds that it is developing for a range of indications, including CERC-301, which is an adjunctive treatment for major depressive disorder (MDD); CERC-501, which is for substance use disorders and adjunctive treatment of MDD, and CERC-406, which is for the treatment of cognitive impairment.

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