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

KORU Medical Systems (NASDAQ:KRMD) is scheduled 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 interested in listening to the company’s conference call can do so using this link.

KORU Medical Systems (NASDAQ:KRMD) last issued its earnings results on Wednesday, March 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.02. The business had revenue of $7.19 million during the quarter, compared to analyst estimates 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 Trading Up 0.5 %

Shares of KRMD opened at $2.14 on Wednesday. The stock has a 50 day simple moving average of $2.19 and a two-hundred day simple moving average of $2.25. The company has a quick ratio of 3.77, a current ratio of 4.55 and a debt-to-equity ratio of 0.02. KORU Medical Systems has a 1 year low of $1.98 and a 1 year high of $4.48.

Analysts Set New Price Targets

Separately, B. Riley reaffirmed a “buy” rating and issued a $4.00 target price on shares of KORU Medical Systems in a research note 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.