$37.77 Million in Sales Expected for Dynavax Technologies Corporation (DVAX) This Quarter
Wall Street analysts expect that Dynavax Technologies Corporation (NASDAQ:DVAX) will report sales of $37.77 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Dynavax Technologies’ earnings, with estimates ranging from $530,000.00 to $75.00 million. Dynavax Technologies posted sales of $7.29 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 418.1%. The business is scheduled to announce its next quarterly earnings results on Monday, March 12th.
According to Zacks, analysts expect that Dynavax Technologies will report full-year sales of $37.77 million for the current fiscal year, with estimates ranging from $1.31 million to $75.31 million. For the next fiscal year, analysts expect that the company will report sales of $45.40 million per share, with estimates ranging from $39.78 million to $51.01 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Dynavax Technologies.
Dynavax Technologies (NASDAQ:DVAX) last released its earnings results on Friday, November 3rd. The biopharmaceutical company reported ($0.38) EPS for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.15. Dynavax Technologies had a negative return on equity of 65.97% and a negative net margin of 1,177.60%. The firm had revenue of $0.05 million for the quarter, compared to analysts’ expectations of $0.28 million. During the same period in the prior year, the firm posted ($0.90) earnings per share. The company’s quarterly revenue was down 68.8% on a year-over-year basis.
Shares of Dynavax Technologies (NASDAQ:DVAX) opened at $17.75 on Tuesday. Dynavax Technologies has a 12-month low of $3.70 and a 12-month high of $24.45.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. GMT Capital Corp raised its stake in Dynavax Technologies by 1.7% during the 3rd quarter. GMT Capital Corp now owns 3,057,437 shares of the biopharmaceutical company’s stock valued at $65,735,000 after purchasing an additional 52,300 shares during the period. Vanguard Group Inc. grew its holdings in Dynavax Technologies by 10.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,024,666 shares of the biopharmaceutical company’s stock valued at $19,538,000 after buying an additional 199,004 shares in the last quarter. PointState Capital LP purchased a new position in Dynavax Technologies during the 2nd quarter valued at approximately $13,510,000. State Street Corp grew its holdings in Dynavax Technologies by 19.7% during the 2nd quarter. State Street Corp now owns 839,218 shares of the biopharmaceutical company’s stock valued at $8,099,000 after buying an additional 138,112 shares in the last quarter. Finally, C WorldWide Group Holding A S grew its holdings in Dynavax Technologies by 23.3% during the 3rd quarter. C WorldWide Group Holding A S now owns 823,825 shares of the biopharmaceutical company’s stock valued at $17,712,000 after buying an additional 155,610 shares in the last quarter. 70.61% of the stock is currently owned by institutional investors.
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Dynavax Technologies Company Profile
Dynavax Technologies Corporation is a clinical-stage immunotherapy company. The Company is focused on leveraging the body’s innate and adaptive immune responses through toll-like receptor (TLR) stimulation. Its product candidates are being investigated for use in multiple cancer indications, as a vaccine for the prevention of hepatitis B and as a disease modifying therapy for asthma.
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