-$0.15 Earnings Per Share Expected for Novavax, Inc. (NVAX) This Quarter

Wall Street brokerages expect Novavax, Inc. (NASDAQ:NVAX) to post earnings per share of ($0.15) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Novavax’s earnings, with the lowest EPS estimate coming in at ($0.16) and the highest estimate coming in at ($0.14). Novavax posted earnings per share of ($0.21) in the same quarter last year, which would suggest a positive year over year growth rate of 28.6%. The company is scheduled to report its next quarterly earnings report on Monday, February 26th.

According to Zacks, analysts expect that Novavax will report full year earnings of ($0.62) per share for the current financial year, with EPS estimates ranging from ($0.65) to ($0.60). For the next year, analysts anticipate that the firm will report earnings of ($0.60) per share, with EPS estimates ranging from ($0.83) to ($0.50). Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Novavax.

Several equities analysts recently commented on NVAX shares. Citigroup raised shares of Novavax from a “neutral” rating to a “buy” rating and set a $2.00 price objective for the company in a research note on Tuesday, October 31st. Zacks Investment Research cut shares of Novavax from a “hold” rating to a “sell” rating in a research note on Thursday, November 16th. BidaskClub raised shares of Novavax from a “hold” rating to a “buy” rating in a research note on Saturday, December 30th. S&P Equity Research reduced their price objective on shares of Novavax from $1.81 to $1.35 in a research note on Wednesday, January 10th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $2.00 price objective on shares of Novavax in a research note on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $2.64.

Hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. grew its stake in Novavax by 49.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 89,697 shares of the biopharmaceutical company’s stock worth $103,000 after buying an additional 29,800 shares in the last quarter. Teacher Retirement System of Texas grew its stake in Novavax by 349.8% in the 4th quarter. Teacher Retirement System of Texas now owns 99,952 shares of the biopharmaceutical company’s stock worth $124,000 after buying an additional 77,733 shares in the last quarter. Aperio Group LLC grew its stake in Novavax by 121.1% in the 4th quarter. Aperio Group LLC now owns 115,323 shares of the biopharmaceutical company’s stock worth $143,000 after buying an additional 63,155 shares in the last quarter. Voya Investment Management LLC grew its stake in Novavax by 18.6% in the 2nd quarter. Voya Investment Management LLC now owns 138,270 shares of the biopharmaceutical company’s stock worth $159,000 after buying an additional 21,639 shares in the last quarter. Finally, Fisher Asset Management LLC purchased a new position in Novavax in the 4th quarter worth approximately $179,000. 35.71% of the stock is owned by institutional investors and hedge funds.

Novavax (NASDAQ:NVAX) opened at $2.03 on Thursday. The company has a market cap of $636.64, a P/E ratio of -2.99 and a beta of 2.68. Novavax has a 12 month low of $0.73 and a 12 month high of $2.32. The company has a debt-to-equity ratio of -4.28, a quick ratio of 3.31 and a current ratio of 3.31.

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Novavax Company Profile

Novavax, Inc is a clinical-stage vaccine company focused on the discovery, development and commercialization of recombinant nanoparticle vaccines and adjuvants. The Company operates through developing recombinant vaccines segment. The Company, through its recombinant nanoparticle vaccine technology, produces vaccine candidates to respond to both known and newly emerging diseases.

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Earnings History and Estimates for Novavax (NASDAQ:NVAX)

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