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Tourmaline Bio (NASDAQ:TRML) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

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Tourmaline Bio (NASDAQ:TRML - Get Free Report) posted its quarterly earnings data on Thursday. The company reported ($0.86) EPS for the quarter, topping the consensus estimate of ($0.91) by $0.05, Zacks reports.

Tourmaline Bio Price Performance

Shares of Tourmaline Bio stock opened at $16.27 on Thursday. The stock has a market capitalization of $417.21 million, a PE ratio of -5.77 and a beta of 2.35. Tourmaline Bio has a 1-year low of $11.87 and a 1-year high of $48.31. The company's fifty day simple moving average is $15.83 and its 200-day simple moving average is $20.84.

Wall Street Analyst Weigh In

Several analysts recently commented on TRML shares. Cantor Fitzgerald restated an "overweight" rating and set a $25.00 price objective on shares of Tourmaline Bio in a research note on Wednesday, December 11th. Wedbush assumed coverage on Tourmaline Bio in a research report on Thursday, March 6th. They issued an "outperform" rating and a $42.00 price objective on the stock. BMO Capital Markets began coverage on Tourmaline Bio in a report on Friday, December 6th. They issued an "outperform" rating and a $50.00 target price for the company. HC Wainwright reaffirmed a "buy" rating and set a $49.00 price target on shares of Tourmaline Bio in a report on Wednesday, December 11th. Finally, Guggenheim reiterated a "buy" rating on shares of Tourmaline Bio in a report on Wednesday, December 11th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Tourmaline Bio presently has an average rating of "Buy" and an average price target of $52.86.

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About Tourmaline Bio

(Get Free Report)

Tourmaline Bio, Inc operates as a clinical biotechnology company that develops medicines for patients with life-altering immune and inflammatory diseases. It develops TOUR006, a human anti-IL-6 monoclonal antibody that selectively binds to interleukin-6, a key proinflammatory cytokine involved in the pathogenesis of many autoimmune and inflammatory disorders.

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Earnings History for Tourmaline Bio (NASDAQ:TRML)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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