CTI BioPharma (CTIC) Releases Earnings Results, Beats Estimates By $0.28 EPS

CTI BioPharma (NASDAQ:CTIC) announced its quarterly earnings data on Wednesday. The biopharmaceutical company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.28, MarketWatch Earnings reports. CTI BioPharma had a negative net margin of 361.97% and a negative return on equity of 85.84%. The company had revenue of $14.11 million during the quarter.

Shares of NASDAQ CTIC traded up $0.01 during mid-day trading on Thursday, reaching $1.01. 1,566 shares of the company were exchanged, compared to its average volume of 391,055. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.58 and a current ratio of 3.58. The stock has a market cap of $57.99 million, a PE ratio of -0.81 and a beta of 1.59. CTI BioPharma has a twelve month low of $0.60 and a twelve month high of $5.36.

A number of brokerages have recently commented on CTIC. Lake Street Capital began coverage on shares of CTI BioPharma in a research report on Tuesday, March 5th. They issued a “buy” rating and a $4.00 price objective for the company. Oppenheimer set a $4.00 price objective on shares of CTI BioPharma and gave the company a “buy” rating in a research report on Friday, December 28th. Finally, ValuEngine raised shares of CTI BioPharma from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. CTI BioPharma presently has an average rating of “Buy” and an average price target of $5.67.

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CTI BioPharma Company Profile

CTI BioPharma Corp., a biopharmaceutical company, focuses on the acquisition, development, and commercialization of novel targeted therapies for blood-related cancers in the United States and internationally. It develops PIXUVRI, a novel aza-anthracenedione for the treatment of adult patients with multiply relapsed or refractory aggressive B-cell non-Hodgkin lymphoma; and pacritinib, an investigational oral kinase inhibitor with specificity for JAK2, FLT3, IRAK1, and CSF1R, which is in Phase III clinical trials for the treatment of adult patients with myelofibrosis.

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Earnings History for CTI BioPharma (NASDAQ:CTIC)

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