CHF Solutions (NASDAQ:CHFS) Posts Earnings Results, Misses Expectations By $10.05 EPS

CHF Solutions (NASDAQ:CHFS) released its earnings results on Tuesday, May 7th. The company reported ($11.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.42) by ($10.05), MarketWatch Earnings reports. CHF Solutions had a negative return on equity of 188.60% and a negative net margin of 336.26%. The business had revenue of $1.22 million for the quarter.

CHF Solutions stock traded down $0.03 during midday trading on Friday, reaching $3.15. 26,718 shares of the stock traded hands, compared to its average volume of 151,155. CHF Solutions has a 12 month low of $3.15 and a 12 month high of $42.14. The firm has a market cap of $7.46 million, a PE ratio of -0.07 and a beta of 2.65. The company has a current ratio of 5.86, a quick ratio of 5.12 and a debt-to-equity ratio of 0.03.

A number of equities analysts recently commented on CHFS shares. ValuEngine raised CHF Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Zacks Investment Research raised CHF Solutions from a “hold” rating to a “buy” rating and set a $8.75 price target for the company in a research note on Wednesday, February 6th.

In related news, CEO John L. Erb acquired 9,523 shares of the stock in a transaction dated Tuesday, March 12th. The stock was acquired at an average cost of $5.25 per share, with a total value of $49,995.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.50% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Perkins Capital Management Inc. bought a new stake in shares of CHF Solutions in the 1st quarter valued at approximately $470,000. Renaissance Technologies LLC bought a new stake in shares of CHF Solutions in the 1st quarter valued at approximately $218,000. Vanguard Group Inc bought a new stake in shares of CHF Solutions in the 3rd quarter valued at approximately $39,000. Finally, Virtu Financial LLC bought a new stake in shares of CHF Solutions in the 1st quarter valued at approximately $58,000. 10.17% of the stock is owned by institutional investors and hedge funds.

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CHF Solutions Company Profile

CHF Solutions, Inc, a medical device company, focuses on the provision of solutions for patients suffering from fluid overload. The company's commercial product is the Aquadex FlexFlow system, which is indicated for temporary ultrafiltration treatment of patients with fluid overload who have failed diuretic therapy, and extended ultrafiltration treatment of patients with fluid overload who have failed diuretic therapy and require hospitalization.

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Earnings History for CHF Solutions (NASDAQ:CHFS)

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