Histogenics Corp (HSGX) Expected to Post Earnings of -$0.21 Per Share
Equities research analysts expect Histogenics Corp (NASDAQ:HSGX) to announce earnings per share (EPS) of ($0.21) for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Histogenics’ earnings. Histogenics reported earnings of ($0.26) per share during the same quarter last year, which indicates a positive year over year growth rate of 19.2%. The business is scheduled to issue its next earnings report on Thursday, May 10th.
According to Zacks, analysts expect that Histogenics will report full-year earnings of ($0.82) per share for the current fiscal year, with EPS estimates ranging from ($1.02) to ($0.62). For the next year, analysts expect that the company will post earnings of ($0.77) per share, with EPS estimates ranging from ($1.01) to ($0.52). Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Histogenics.
Histogenics (NASDAQ:HSGX) last posted its quarterly earnings data on Thursday, March 15th. The biotechnology company reported ($0.26) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.05.
Institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC raised its stake in shares of Histogenics by 413.4% during the fourth quarter. Virtu Financial LLC now owns 63,563 shares of the biotechnology company’s stock worth $130,000 after purchasing an additional 51,182 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Histogenics by 71.1% during the fourth quarter. Deutsche Bank AG now owns 71,706 shares of the biotechnology company’s stock worth $146,000 after purchasing an additional 29,806 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Histogenics by 54.8% during the fourth quarter. Renaissance Technologies LLC now owns 242,500 shares of the biotechnology company’s stock worth $497,000 after purchasing an additional 85,800 shares during the last quarter. Finally, Sabby Management LLC raised its stake in shares of Histogenics by 98.3% during the fourth quarter. Sabby Management LLC now owns 955,060 shares of the biotechnology company’s stock worth $1,958,000 after purchasing an additional 473,393 shares during the last quarter. Institutional investors and hedge funds own 50.45% of the company’s stock.
Histogenics (NASDAQ:HSGX) traded up $0.04 during mid-day trading on Friday, hitting $2.94. The stock had a trading volume of 79,598 shares, compared to its average volume of 148,768. The firm has a market capitalization of $74.70, a P/E ratio of -2.13 and a beta of 1.83. Histogenics has a 1-year low of $1.55 and a 1-year high of $3.35.
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Histogenics Corporation is a regenerative medicine company. The Company is focused on developing and commercializing products in the musculoskeletal segment of the marketplace. The Company’s product candidate, NeoCart utilizes various aspects of regenerative medicine platform to develop a tissue implant intended to treat tissue injury in the field of orthopedics, specifically cartilage damage in the knee.
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