-$0.07 Earnings Per Share Expected for CryoPort Inc (CYRX) This Quarter

Equities research analysts forecast that CryoPort Inc (NASDAQ:CYRX) will report ($0.07) earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for CryoPort’s earnings. The highest EPS estimate is ($0.04) and the lowest is ($0.08). CryoPort posted earnings of ($0.12) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 41.7%. The firm is scheduled to report its next quarterly earnings results on Monday, March 12th.

On average, analysts expect that CryoPort will report full-year earnings of ($0.32) per share for the current fiscal year, with EPS estimates ranging from ($0.34) to ($0.29). For the next year, analysts forecast that the firm will report earnings of ($0.23) per share, with EPS estimates ranging from ($0.26) to ($0.18). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover CryoPort.

CryoPort (NASDAQ:CYRX) last posted its earnings results on Wednesday, November 1st. The consumer goods maker reported ($0.08) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.08). CryoPort had a negative return on equity of 46.99% and a negative net margin of 91.28%.

Several analysts recently commented on the company. Janney Montgomery Scott lifted their price objective on CryoPort from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, October 3rd. Roth Capital assumed coverage on CryoPort in a report on Thursday, November 30th. They issued a “buy” rating and a $12.50 price objective for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $33.50.

Several institutional investors and hedge funds have recently modified their holdings of CYRX. Northern Trust Corp grew its holdings in shares of CryoPort by 105.0% in the second quarter. Northern Trust Corp now owns 22,179 shares of the consumer goods maker’s stock worth $109,000 after acquiring an additional 11,358 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of CryoPort in the third quarter worth $118,000. Bank of Montreal Can bought a new stake in shares of CryoPort in the fourth quarter worth $142,000. Wolverine Trading LLC bought a new stake in CryoPort during the third quarter valued at about $230,000. Finally, Granite Investment Partners LLC bought a new stake in CryoPort during the third quarter valued at about $535,000. 18.10% of the stock is owned by institutional investors.

Shares of CryoPort (NASDAQ:CYRX) opened at $8.36 on Friday. CryoPort has a fifty-two week low of $1.96 and a fifty-two week high of $10.40. The company has a market capitalization of $214.54, a price-to-earnings ratio of -16.39 and a beta of 0.99.

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CryoPort Company Profile

Cryoport, Inc (Cryoport) is a provider of cryogenic logistics solutions to the life sciences industry through its purpose-built packaging, information technology and specialized cold chain logistics expertise. The Company provides logistics solutions for biologic materials, such as immunotherapies, stem cells, chimeric antigen receptors (CAR)-T cells, and reproductive cells for clients.

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Earnings History and Estimates for CryoPort (NASDAQ:CYRX)

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