Wall Street brokerages expect ZIOPHARM Oncology Inc (NASDAQ:ZIOP) to announce ($0.13) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for ZIOPHARM Oncology’s earnings, with the lowest EPS estimate coming in at ($0.14) and the highest estimate coming in at ($0.13). ZIOPHARM Oncology reported earnings per share of ($0.11) during the same quarter last year, which suggests a negative year over year growth rate of 18.2%. The company is scheduled to report its next quarterly earnings results on Wednesday, November 8th.
On average, analysts expect that ZIOPHARM Oncology will report full year earnings of ($0.55) per share for the current fiscal year, with EPS estimates ranging from ($0.56) to ($0.54). For the next year, analysts anticipate that the company will post earnings of ($0.59) per share, with EPS estimates ranging from ($0.65) to ($0.53). Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow ZIOPHARM Oncology.
ZIOPHARM Oncology (NASDAQ:ZIOP) last released its quarterly earnings data on Monday, July 31st. The biotechnology company reported ($0.13) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.13). The business had revenue of $1.60 million during the quarter, compared to analysts’ expectations of $1.66 million. The company’s revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.01) EPS.
A number of research analysts have issued reports on ZIOP shares. ValuEngine lowered ZIOPHARM Oncology from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. BidaskClub upgraded ZIOPHARM Oncology from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, HC Wainwright set a $10.00 price target on ZIOPHARM Oncology and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $13.17.
Several institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its holdings in shares of ZIOPHARM Oncology by 8.2% in the second quarter. The Manufacturers Life Insurance Company now owns 104,447 shares of the biotechnology company’s stock valued at $649,000 after buying an additional 7,946 shares during the period. State Street Corp lifted its holdings in shares of ZIOPHARM Oncology by 12.8% in the second quarter. State Street Corp now owns 4,556,264 shares of the biotechnology company’s stock valued at $28,342,000 after buying an additional 517,057 shares during the period. Tudor Investment Corp ET AL lifted its holdings in shares of ZIOPHARM Oncology by 390.4% in the second quarter. Tudor Investment Corp ET AL now owns 63,304 shares of the biotechnology company’s stock valued at $394,000 after buying an additional 50,395 shares during the period. Voya Investment Management LLC lifted its holdings in shares of ZIOPHARM Oncology by 21.9% in the second quarter. Voya Investment Management LLC now owns 60,782 shares of the biotechnology company’s stock valued at $378,000 after buying an additional 10,913 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of ZIOPHARM Oncology by 6.0% in the second quarter. Parametric Portfolio Associates LLC now owns 85,837 shares of the biotechnology company’s stock valued at $534,000 after buying an additional 4,826 shares during the period. Institutional investors and hedge funds own 41.94% of the company’s stock.
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ZIOPHARM Oncology (NASDAQ ZIOP) opened at 6.21 on Friday. The stock’s market cap is $873.32 million. The firm has a 50-day moving average price of $5.82 and a 200 day moving average price of $6.25. ZIOPHARM Oncology has a 52-week low of $4.84 and a 52-week high of $7.88.
About ZIOPHARM Oncology
ZIOPHARM Oncology, Inc is a biopharmaceutical company, which is seeking to develop, acquire and commercialize, on its own or with partners, a portfolio of cancer therapies that address unmet medical needs. The Company is focused on developing products in immuno-oncology that employ gene expression, control and cell technologies to deliver cell- and viral-based therapies for the treatment of cancer and graft-versus-host-disease.
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