Inovio Pharmaceuticals, Inc. (INO) Expected to Post Quarterly Sales of $7.75 Million
Equities research analysts predict that Inovio Pharmaceuticals, Inc. (NASDAQ:INO) will announce sales of $7.75 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Inovio Pharmaceuticals’ earnings. The highest sales estimate is $12.99 million and the lowest is $2.50 million. Inovio Pharmaceuticals reported sales of $8.51 million in the same quarter last year, which indicates a negative year-over-year growth rate of 8.9%. The business is scheduled to issue its next quarterly earnings report on Wednesday, March 21st.
According to Zacks, analysts expect that Inovio Pharmaceuticals will report full-year sales of $7.75 million for the current financial year, with estimates ranging from $35.90 million to $46.42 million. For the next fiscal year, analysts anticipate that the company will post sales of $17.76 million per share, with estimates ranging from $10.00 million to $22.00 million. Zacks’ sales averages are an average based on a survey of analysts that cover Inovio Pharmaceuticals.
Inovio Pharmaceuticals (NASDAQ:INO) last released its quarterly earnings results on Wednesday, November 8th. The biopharmaceutical company reported ($0.40) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.15). The firm had revenue of $2.60 million for the quarter, compared to analysts’ expectations of $10.27 million. Inovio Pharmaceuticals had a negative net margin of 221.55% and a negative return on equity of 72.19%. The business’s quarterly revenue was down 79.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.28) earnings per share.
INO has been the subject of several research analyst reports. HC Wainwright set a $13.00 price objective on shares of Inovio Pharmaceuticals and gave the company a “buy” rating in a research report on Friday, October 6th. Citigroup initiated coverage on shares of Inovio Pharmaceuticals in a research report on Friday, October 6th. They issued a “buy” rating and a $10.00 price objective for the company. Zacks Investment Research lowered shares of Inovio Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. BidaskClub lowered shares of Inovio Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. Finally, Royal Bank of Canada assumed coverage on shares of Inovio Pharmaceuticals in a research report on Wednesday, October 18th. They set an “outperform” rating and a $11.00 price target for the company. Three analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $19.16.
Inovio Pharmaceuticals (NASDAQ:INO) traded up $0.21 during mid-day trading on Friday, hitting $4.46. 1,443,359 shares of the company’s stock traded hands, compared to its average volume of 1,268,153. Inovio Pharmaceuticals has a 1-year low of $4.20 and a 1-year high of $9.86.
Institutional investors have recently added to or reduced their stakes in the stock. Virginia Retirement Systems ET AL acquired a new stake in Inovio Pharmaceuticals in the 3rd quarter valued at $101,000. BlueCrest Capital Management Ltd purchased a new position in Inovio Pharmaceuticals in the 2nd quarter valued at $107,000. Neuberger Berman Group LLC purchased a new position in Inovio Pharmaceuticals in the 3rd quarter valued at $115,000. Engineers Gate Manager LP purchased a new position in Inovio Pharmaceuticals in the 3rd quarter valued at $117,000. Finally, Emerald Advisers Inc. PA lifted its holdings in Inovio Pharmaceuticals by 84.0% in the 3rd quarter. Emerald Advisers Inc. PA now owns 20,323 shares of the biopharmaceutical company’s stock valued at $129,000 after purchasing an additional 9,280 shares in the last quarter. 32.27% of the stock is currently owned by hedge funds and other institutional investors.
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Inovio Pharmaceuticals Company Profile
Inovio Pharmaceuticals, Inc (Inovio) is a clinical-stage pharmaceutical company, which is involved in developing deoxyribonucleic acid (DNA) immunotherapies and vaccines focused on treating and preventing cancers and infectious diseases. The Company’s DNA-based immunotherapies, in combination with its electroporation delivery devices, generates immune responses, in particular T cells, in the body to fight target diseases.
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