KORU Medical Systems (KRMD) Set to Announce Quarterly Earnings on Wednesday

KORU Medical Systems (NASDAQ:KRMD) is set to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of ($0.04) per share for the quarter. KORU Medical Systems has set its FY 2024 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

KORU Medical Systems (NASDAQ:KRMD) last released its quarterly earnings data on Wednesday, March 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. The business had revenue of $7.19 million for the quarter, compared to the consensus estimate of $7.01 million. KORU Medical Systems had a negative return on equity of 27.82% and a negative net margin of 48.18%. On average, analysts expect KORU Medical Systems to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

KORU Medical Systems Stock Performance

Shares of KORU Medical Systems stock opened at $2.14 on Wednesday. The stock has a 50 day moving average price of $2.19 and a 200-day moving average price of $2.25. KORU Medical Systems has a one year low of $1.98 and a one year high of $4.48. The company has a current ratio of 4.55, a quick ratio of 3.77 and a debt-to-equity ratio of 0.02.

Wall Street Analyst Weigh In

Separately, B. Riley restated a “buy” rating and set a $4.00 price target on shares of KORU Medical Systems in a report on Thursday, March 14th.

About KORU Medical Systems

KORU Medical Systems, Inc develops and manufactures medical devices and supplies in the United States and internationally. It offers the freedom infusion systems to deliver life-saving therapies to patients with chronic illnesses, such as primary immunodeficiency diseases, chronic inflammatory demyelinating polyneuropathy, and paroxysmal nocturnal hemoglobinuria.