-$0.22 EPS Expected for Inovio Pharmaceuticals, Inc. (INO) This Quarter
Wall Street analysts forecast that Inovio Pharmaceuticals, Inc. (NASDAQ:INO) will post earnings of ($0.22) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Inovio Pharmaceuticals’ earnings, with the highest EPS estimate coming in at ($0.13) and the lowest estimate coming in at ($0.29). Inovio Pharmaceuticals reported earnings per share of ($0.28) during the same quarter last year, which would indicate a positive year-over-year growth rate of 21.4%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, November 8th.
On average, analysts expect that Inovio Pharmaceuticals will report full-year earnings of ($0.88) per share for the current financial year, with EPS estimates ranging from ($1.03) to ($0.71). For the next financial year, analysts expect that the firm will report earnings of ($1.21) per share, with EPS estimates ranging from ($1.33) to ($1.04). Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Inovio Pharmaceuticals.
Inovio Pharmaceuticals (NASDAQ:INO) last issued its quarterly earnings results on Tuesday, August 8th. The biopharmaceutical company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.08. Inovio Pharmaceuticals had a negative net margin of 153.46% and a negative return on equity of 63.67%. The firm had revenue of $20.41 million for the quarter, compared to analyst estimates of $16.29 million. The company’s revenue was up 229.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.26) EPS.
INO has been the subject of several recent research reports. HC Wainwright restated a “buy” rating and issued a $13.00 price objective on shares of Inovio Pharmaceuticals in a research report on Tuesday, September 12th. BidaskClub upgraded shares of Inovio Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Saturday, September 9th. Zacks Investment Research upgraded shares of Inovio Pharmaceuticals from a “hold” rating to a “buy” rating and set a $8.75 price objective for the company in a research report on Tuesday, July 11th. Maxim Group set a $12.00 price objective on shares of Inovio Pharmaceuticals and gave the company a “buy” rating in a research report on Wednesday, August 9th. Finally, Aegis restated a “buy” rating and issued a $14.00 price objective on shares of Inovio Pharmaceuticals in a research report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $19.98.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd purchased a new position in shares of Inovio Pharmaceuticals in the second quarter worth $197,000. Wasatch Advisors Inc. increased its stake in shares of Inovio Pharmaceuticals by 43.6% in the second quarter. Wasatch Advisors Inc. now owns 2,610,818 shares of the biopharmaceutical company’s stock worth $20,469,000 after buying an additional 793,306 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Inovio Pharmaceuticals by 88.3% in the second quarter. Public Employees Retirement System of Ohio now owns 106,384 shares of the biopharmaceutical company’s stock worth $834,000 after buying an additional 49,897 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Inovio Pharmaceuticals by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 54,670 shares of the biopharmaceutical company’s stock worth $428,000 after buying an additional 897 shares during the period. Finally, BlueCrest Capital Management Ltd purchased a new position in shares of Inovio Pharmaceuticals in the second quarter worth $107,000. 24.83% of the stock is currently owned by institutional investors.
Shares of Inovio Pharmaceuticals (NASDAQ:INO) opened at 6.29 on Thursday. The company’s market cap is $567.53 million. The company’s 50 day moving average is $6.13 and its 200 day moving average is $6.65. Inovio Pharmaceuticals has a one year low of $5.28 and a one year high of $9.86.
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About Inovio Pharmaceuticals
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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