-$0.22 EPS Expected for Inovio Pharmaceuticals, Inc. (INO) This Quarter
Equities research analysts expect that Inovio Pharmaceuticals, Inc. (NASDAQ:INO) will announce earnings per share of ($0.22) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Inovio Pharmaceuticals’ earnings. The highest EPS estimate is ($0.13) and the lowest is ($0.29). Inovio Pharmaceuticals posted earnings per share of ($0.28) in the same quarter last year, which indicates a positive year over year growth rate of 21.4%. The business is scheduled to issue its next earnings results on Wednesday, November 8th.
On average, analysts expect that Inovio Pharmaceuticals will report full-year earnings of ($0.90) per share for the current fiscal year, with EPS estimates ranging from ($1.03) to ($0.71). For the next financial year, analysts forecast that the company will report earnings of ($1.18) per share, with EPS estimates ranging from ($1.33) to ($1.04). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Inovio Pharmaceuticals.
Inovio Pharmaceuticals (NASDAQ:INO) last announced its quarterly earnings data on Tuesday, August 8th. The biopharmaceutical company reported ($0.13) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.08. The business had revenue of $20.41 million during the quarter, compared to the consensus estimate of $16.29 million. Inovio Pharmaceuticals had a negative net margin of 153.46% and a negative return on equity of 63.67%. The firm’s quarterly revenue was up 229.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.26) earnings per share.
INO has been the subject of several analyst reports. Aegis reissued a “buy” rating and issued a $14.00 price target on shares of Inovio Pharmaceuticals in a research note on Tuesday, July 18th. Maxim Group increased their price target on shares of Inovio Pharmaceuticals from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, May 24th. ValuEngine raised shares of Inovio Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. Stifel Nicolaus reissued a “buy” rating and issued a $11.00 price target on shares of Inovio Pharmaceuticals in a research note on Tuesday, April 25th. Finally, Nomura reissued a “buy” rating and issued a $40.00 price target on shares of Inovio Pharmaceuticals in a research note on Monday, May 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $20.78.
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Shares of Inovio Pharmaceuticals (NASDAQ:INO) opened at 5.52 on Thursday. The firm has a 50-day moving average of $6.59 and a 200 day moving average of $6.80. Inovio Pharmaceuticals has a 52 week low of $5.32 and a 52 week high of $9.86. The company’s market cap is $498.05 million.
In other news, Director David B. Weiner sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $8.00, for a total value of $64,000.00. Following the transaction, the director now directly owns 740,956 shares in the company, valued at approximately $5,927,648. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 10.60% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. BlueCrest Capital Management Ltd acquired a new stake in Inovio Pharmaceuticals during the second quarter worth about $107,000. PNC Financial Services Group Inc. raised its stake in Inovio Pharmaceuticals by 5.0% in the second quarter. PNC Financial Services Group Inc. now owns 21,000 shares of the biopharmaceutical company’s stock worth $164,000 after buying an additional 1,000 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in Inovio Pharmaceuticals during the second quarter worth about $171,000. OxFORD Asset Management LLP acquired a new stake in Inovio Pharmaceuticals during the second quarter worth about $194,000. Finally, UBS Asset Management Americas Inc. raised its stake in Inovio Pharmaceuticals by 0.4% in the second quarter. UBS Asset Management Americas Inc. now owns 25,710 shares of the biopharmaceutical company’s stock worth $202,000 after buying an additional 92 shares during the period. Institutional investors own 22.96% of the company’s stock.
Inovio Pharmaceuticals Company Profile
Inovio Pharmaceuticals, Inc (Inovio) is a clinical-stage pharmaceutical company, which is involved in developing deoxyribonucleic acid (DNA) immunotherapies and vaccines focused on treating and preventing cancers and infectious diseases. The Company’s DNA-based immunotherapies, in combination with its electroporation delivery devices, generates immune responses, in particular T cells, in the body to fight target diseases.
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