Wall Street analysts expect that Soligenix Inc. (NASDAQ:SNGX) will post earnings per share of ($0.32) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Soligenix’s earnings. The highest EPS estimate is ($0.22) and the lowest is ($0.41). Soligenix posted earnings per share of ($0.17) in the same quarter last year, which indicates a negative year over year growth rate of 88.2%. The company is scheduled to report its next quarterly earnings report on Monday, March 26th.
On average, analysts expect that Soligenix will report full-year earnings of ($1.28) per share for the current fiscal year, with EPS estimates ranging from ($1.43) to ($1.10). For the next financial year, analysts expect that the firm will report earnings of ($1.51) per share, with EPS estimates ranging from ($2.00) to ($1.01). Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow Soligenix.
Soligenix (NASDAQ:SNGX) last released its quarterly earnings results on Monday, November 6th. The biopharmaceutical company reported ($0.17) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.32) by $0.15. The firm had revenue of $1.82 million during the quarter, compared to the consensus estimate of $1.36 million. Soligenix had a negative net margin of 90.93% and a negative return on equity of 112.81%.
SNGX has been the subject of several analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $5.50 price target (down previously from $11.00) on shares of Soligenix in a research note on Monday, November 6th. Maxim Group set a $5.00 price target on shares of Soligenix and gave the company a “buy” rating in a research note on Tuesday, October 31st.
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Soligenix (NASDAQ:SNGX) traded down $0.17 during mid-day trading on Monday, hitting $2.15. 118,400 shares of the stock traded hands, compared to its average volume of 272,566. Soligenix has a 12-month low of $1.74 and a 12-month high of $5.08.
Soligenix, Inc is a late-stage biopharmaceutical company. The Company is focused on developing and commercializing products to treat rare diseases. The Company operates through two segments: BioTherapeutics and Vaccines/BioDefense. Its BioTherapeutics segment is developing a photodynamic therapy (SGX301) utilizing topical synthetic hypericin activated with safe visible light for the treatment of cutaneous T-cell lymphoma (CTCL), formulations of oral beclomethasone 17,21-dipropionate (BDP) for the prevention/treatment of gastrointestinal (GI) disorders characterized by severe inflammation, and its innate defense regulator (IDR) technology, dusquetide (SGX942) for the treatment of oral mucositis in head and neck cancer.
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