Brokerages predict that Advaxis, Inc. (NASDAQ:ADXS) will report sales of $3.03 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Advaxis’ earnings, with the lowest sales estimate coming in at $3.00 million and the highest estimate coming in at $3.05 million. Advaxis reported sales of $3.79 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 20.1%. The business is scheduled to issue its next earnings report on Friday, March 9th.
According to Zacks, analysts expect that Advaxis will report full year sales of $3.03 million for the current fiscal year, with estimates ranging from $12.21 million to $13.00 million. For the next fiscal year, analysts anticipate that the firm will report sales of $12.68 million per share, with estimates ranging from $12.27 million to $13.10 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Advaxis.
Advaxis (NASDAQ:ADXS) last released its quarterly earnings data on Wednesday, December 20th. The biotechnology company reported ($0.57) earnings per share for the quarter, missing the consensus estimate of ($0.55) by ($0.02). The firm had revenue of $1.76 million during the quarter, compared to analyst estimates of $3.05 million. Advaxis had a negative net margin of 776.63% and a negative return on equity of 114.00%.
Advaxis (NASDAQ:ADXS) opened at $2.63 on Friday. The firm has a market capitalization of $105.20, a PE ratio of -1.14 and a beta of 0.70. Advaxis has a 52 week low of $2.43 and a 52 week high of $10.06.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ADXS. Voya Investment Management LLC lifted its stake in shares of Advaxis by 20.3% in the 2nd quarter. Voya Investment Management LLC now owns 17,612 shares of the biotechnology company’s stock valued at $114,000 after purchasing an additional 2,975 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Advaxis by 18.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 26,000 shares of the biotechnology company’s stock valued at $168,000 after buying an additional 4,000 shares during the period. Stonebridge Capital Management Inc. raised its holdings in shares of Advaxis by 88.7% during the 3rd quarter. Stonebridge Capital Management Inc. now owns 42,650 shares of the biotechnology company’s stock valued at $179,000 after buying an additional 20,045 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Advaxis by 39.9% during the 4th quarter. Wells Fargo & Company MN now owns 66,206 shares of the biotechnology company’s stock valued at $187,000 after buying an additional 18,892 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Advaxis by 10.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,431 shares of the biotechnology company’s stock valued at $204,000 after buying an additional 2,969 shares during the period. 42.60% of the stock is currently owned by institutional investors and hedge funds.
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Advaxis Company Profile
Advaxis, Inc is a clinical-stage biotechnology company focused on the discovery, development and commercialization of Listeria monocytogenes (Lm)-Listeriolysin O (LLO) cancer immunotherapies. These immunotherapies are based on a platform technology that utilizes live attenuated Lm bioengineered to secrete antigen/adjuvant fusion proteins.
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