Arbutus Biopharma Corp (ABUS) Forecasted to Post Q1 2017 Earnings of ($0.25) Per Share

Arbutus Biopharma Corp (NASDAQ:ABUS) – Equities researchers at William Blair issued their Q1 2017 earnings per share (EPS) estimates for shares of Arbutus Biopharma Corp in a report released on Wednesday, Zacks Investment Research reports. William Blair analyst Y. Xu expects that the biopharmaceutical company will earn ($0.25) per share for the quarter. William Blair also issued estimates for Arbutus Biopharma Corp’s Q2 2017 earnings at ($0.39) EPS, Q3 2017 earnings at ($0.39) EPS, Q4 2017 earnings at ($0.39) EPS, FY2017 earnings at ($1.42) EPS, FY2018 earnings at ($1.63) EPS and FY2019 earnings at ($1.76) EPS.

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Earnings History and Estimates for Arbutus Biopharma Corp (NASDAQ:ABUS)

Other research analysts have also recently issued reports about the stock. Chardan Capital upgraded shares of Arbutus Biopharma Corp from a “neutral” rating to a “buy” rating and raised their target price for the stock from $3.00 to $6.00 in a report on Tuesday, April 4th. Bloom Burton upgraded shares of Arbutus Biopharma Corp from an “accumulate” rating to a “buy” rating in a report on Monday, January 9th. Zacks Investment Research upgraded shares of Arbutus Biopharma Corp from a “sell” rating to a “hold” rating in a report on Friday, February 17th. Finally, Wedbush reiterated an “outperform” rating and issued a $10.00 target price (up from $9.00) on shares of Arbutus Biopharma Corp in a research note on Wednesday, March 22nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Arbutus Biopharma Corp currently has an average rating of “Buy” and a consensus price target of $6.25.

Shares of Arbutus Biopharma Corp (NASDAQ:ABUS) traded down 0.746% on Friday, hitting $3.325. 114,235 shares of the stock were exchanged. Arbutus Biopharma Corp has a one year low of $2.35 and a one year high of $5.48. The firm’s 50 day moving average price is $3.10 and its 200 day moving average price is $2.89. The firm’s market cap is $182.95 million.

A number of hedge funds and other institutional investors have recently modified their holdings of ABUS. K2 Principal Fund L.P. increased its position in Arbutus Biopharma Corp by 69.3% in the third quarter. K2 Principal Fund L.P. now owns 107,620 shares of the biopharmaceutical company’s stock valued at $370,000 after buying an additional 44,070 shares during the period. Oxford Asset Management acquired a new position in Arbutus Biopharma Corp during the fourth quarter valued at approximately $392,000. Baker BROS. Advisors LP acquired a new position in Arbutus Biopharma Corp during the third quarter valued at approximately $621,000. Bank of Montreal Can increased its position in Arbutus Biopharma Corp by 6.3% in the third quarter. Bank of Montreal Can now owns 861,553 shares of the biopharmaceutical company’s stock valued at $2,964,000 after buying an additional 50,768 shares during the period. Finally, Armistice Capital LLC increased its position in Arbutus Biopharma Corp by 38.6% in the fourth quarter. Armistice Capital LLC now owns 1,940,000 shares of the biopharmaceutical company’s stock valued at $4,753,000 after buying an additional 540,000 shares during the period. Institutional investors and hedge funds own 61.24% of the company’s stock.

Arbutus Biopharma Corp Company Profile

Arbutus Biopharma Corporation, formerly Tekmira Pharmaceuticals Corporation, is a therapeutic solutions company. The Company is engaged in discovering, developing and commercializing a cure for patients suffering from chronic hepatitis B infection (HBV), a disease of the liver caused by the hepatitis B virus (HBV).

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