-$0.72 EPS Expected for Onconova Therapeutics Inc (ONTX) This Quarter
Equities research analysts expect Onconova Therapeutics Inc (NASDAQ:ONTX) to post ($0.72) earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Onconova Therapeutics’ earnings. Onconova Therapeutics posted earnings of ($0.54) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 33.3%. The business is scheduled to report its next earnings report on Monday, March 26th.
On average, analysts expect that Onconova Therapeutics will report full-year earnings of ($2.82) per share for the current fiscal year. For the next year, analysts expect that the company will post earnings of ($2.06) per share. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Onconova Therapeutics.
Onconova Therapeutics (NASDAQ:ONTX) last announced its earnings results on Thursday, November 9th. The biopharmaceutical company reported ($0.71) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.73) by $0.02. The company had revenue of $0.11 million during the quarter, compared to analyst estimates of $0.29 million. Onconova Therapeutics had a negative net margin of 2,855.94% and a negative return on equity of 558.97%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Onconova Therapeutics by 58.4% in the second quarter. Vanguard Group Inc. now owns 87,940 shares of the biopharmaceutical company’s stock valued at $190,000 after purchasing an additional 32,418 shares during the period. Sabby Management LLC boosted its stake in shares of Onconova Therapeutics by 104.0% in the second quarter. Sabby Management LLC now owns 784,000 shares of the biopharmaceutical company’s stock valued at $1,693,000 after purchasing an additional 399,640 shares during the period. Finally, Tyndall Capital Partners L P boosted its stake in shares of Onconova Therapeutics by 91.4% in the second quarter. Tyndall Capital Partners L P now owns 997,022 shares of the biopharmaceutical company’s stock valued at $2,154,000 after purchasing an additional 476,190 shares during the period. 25.44% of the stock is owned by institutional investors and hedge funds.
Onconova Therapeutics (NASDAQ ONTX) opened at $1.51 on Wednesday. Onconova Therapeutics has a 12 month low of $1.46 and a 12 month high of $3.88.
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About Onconova Therapeutics
Onconova Therapeutics, Inc is a clinical-stage biopharmaceutical company. The Company operates through the identification and development of oncology therapeutics segment. It is focused on discovering and developing small molecule drug candidates to treat cancer. The Company has created a targeted anti-cancer agents designed to work against specific cellular pathways that are important to cancer cells.
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