FY2018 EPS Estimates for Spero Therapeutics Inc Reduced by Analyst (SPRO)

Spero Therapeutics Inc (NASDAQ:SPRO) – Stock analysts at Cantor Fitzgerald dropped their FY2018 earnings per share estimates for shares of Spero Therapeutics in a research report issued to clients and investors on Tuesday, April 3rd. Cantor Fitzgerald analyst L. Chen now anticipates that the company will earn ($3.70) per share for the year, down from their prior estimate of ($3.69). Cantor Fitzgerald currently has a “Buy” rating and a $27.00 target price on the stock.

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Spero Therapeutics (NASDAQ:SPRO) last released its quarterly earnings data on Monday, April 2nd. The company reported ($1.59) earnings per share for the quarter, topping the consensus estimate of ($1.77) by $0.18. The firm had revenue of $0.99 million for the quarter, compared to analyst estimates of $0.40 million.

Several other research firms have also weighed in on SPRO. Oppenheimer set a $30.00 price objective on shares of Spero Therapeutics and gave the stock a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Spero Therapeutics from a “sell” rating to a “hold” rating in a research note on Wednesday, February 21st. Finally, ValuEngine upgraded shares of Spero Therapeutics from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Spero Therapeutics presently has a consensus rating of “Hold” and an average target price of $24.25.

Spero Therapeutics stock opened at $14.26 on Friday. Spero Therapeutics has a fifty-two week low of $9.66 and a fifty-two week high of $15.40.

Several institutional investors have recently added to or reduced their stakes in SPRO. TIAA CREF Investment Management LLC acquired a new position in shares of Spero Therapeutics during the 4th quarter worth about $103,000. California State Teachers Retirement System acquired a new position in Spero Therapeutics in the 4th quarter valued at about $112,000. Dean Capital Investments Management LLC acquired a new position in Spero Therapeutics in the 4th quarter valued at about $118,000. Deutsche Bank AG acquired a new position in Spero Therapeutics in the 4th quarter valued at about $155,000. Finally, California Public Employees Retirement System acquired a new position in Spero Therapeutics in the 4th quarter valued at about $294,000. Institutional investors own 46.28% of the company’s stock.

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Spero Therapeutics Company Profile

Spero Therapeutics, Inc, a clinical-stage biopharmaceutical company, focuses on identifying, developing, and commercializing novel treatments for multi-drug resistant (MDR) bacterial infections in the United States. It is developing SPR994, an oral carbapenem-class antibiotic for use in adults to treat MDR gram-negative infections; SPR741 that has completed Phase I clinical trial to treat MDR gram-negative infections in the hospital setting; SPR206, an agent that is in preclinical development stage to disrupt the outer membrane of gram-negative bacteria; and SPR720, an oral antibiotic that is in preclinical development stage for the treatment of pulmonary non-tuberculous mycobacterial infections.

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