Organovo Holdings, Inc. (ONVO) Scheduled to Post Quarterly Earnings on Thursday
Organovo Holdings, Inc. (NASDAQ:ONVO) will issue its quarterly earnings data before the market opens on Thursday, November 9th. Analysts expect the company to announce earnings of ($0.10) per share for the quarter.
Organovo Holdings (NASDAQ:ONVO) last released its quarterly earnings data on Wednesday, August 9th. The company reported ($0.10) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.10). Organovo Holdings had a negative return on equity of 65.49% and a negative net margin of 918.97%. The business had revenue of $0.99 million for the quarter, compared to analyst estimates of $0.92 million. The business’s quarterly revenue was up 11.1% on a year-over-year basis. On average, analysts expect Organovo Holdings to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Organovo Holdings, Inc. (NASDAQ:ONVO) opened at $1.48 on Wednesday. Organovo Holdings, Inc. has a 52-week low of $1.32 and a 52-week high of $4.08.
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A number of analysts have issued reports on the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $4.00 target price on shares of Organovo Holdings in a research note on Tuesday, September 26th. Zacks Investment Research upgraded Organovo Holdings from a “hold” rating to a “buy” rating and set a $2.25 price target for the company in a report on Wednesday, October 11th. BidaskClub cut Organovo Holdings from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Finally, ValuEngine cut Organovo Holdings from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $6.00.
About Organovo Holdings
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