Cutera (NASDAQ:CUTR) announced its earnings results on Thursday. The medical device company reported ($0.59) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.29) by ($0.30), Morningstar.com reports. The company had revenue of $36.00 million for the quarter, compared to analysts’ expectations of $33.45 million. Cutera had a negative return on equity of 59.56% and a negative net margin of 22.45%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business earned ($0.02) EPS.
Cutera stock traded down $0.77 during trading on Friday, reaching $18.21. The stock had a trading volume of 201,375 shares, compared to its average volume of 127,172. Cutera has a 52-week low of $12.32 and a 52-week high of $48.85. The company has a market capitalization of $255.67 million, a P/E ratio of -8.17 and a beta of 0.71.
Several brokerages have weighed in on CUTR. Stephens lowered their target price on shares of Cutera from $40.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, February 21st. They noted that the move was a valuation call. BidaskClub raised shares of Cutera from a “hold” rating to a “buy” rating in a research note on Saturday, May 4th. Maxim Group reissued a “hold” rating on shares of Cutera in a research note on Monday, February 11th. Zacks Investment Research raised shares of Cutera from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. Finally, TheStreet lowered shares of Cutera from a “c” rating to a “d” rating in a research note on Thursday, February 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Cutera presently has a consensus rating of “Hold” and a consensus target price of $34.67.
Cutera, Inc, a medical device company, designs, develops, manufactures, markets, and services laser and other energy based aesthetics systems worldwide. The company offers enlighten platform, a laser system that is used for tattoo removal, as well as for the treatment of benign pigmented lesions; excel HR platform, a hair removal solution for various skin types; and truSculpt, a high-powered radio frequency platform designed for deep tissue heating.
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