Analysts predict that AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) will announce earnings per share (EPS) of ($0.05) for the current quarter, Zacks reports. Zero analysts have made estimates for AVEO Pharmaceuticals’ earnings. AVEO Pharmaceuticals reported earnings of ($0.07) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 28.6%. The firm is scheduled to announce its next quarterly earnings results on Friday, November 3rd.
According to Zacks, analysts expect that AVEO Pharmaceuticals will report full-year earnings of ($0.55) per share for the current fiscal year. For the next year, analysts forecast that the company will post earnings of ($0.36) per share. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow AVEO Pharmaceuticals.
Several analysts have issued reports on AVEO shares. ValuEngine lowered shares of AVEO Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $3.50 price target on shares of AVEO Pharmaceuticals in a research report on Thursday, August 10th. Zacks Investment Research raised shares of AVEO Pharmaceuticals from a “hold” rating to a “buy” rating and set a $2.75 price target on the stock in a research report on Monday, July 24th. FBR & Co reaffirmed an “outperform” rating and set a $3.00 price target on shares of AVEO Pharmaceuticals in a research report on Thursday, July 13th. Finally, BidaskClub raised shares of AVEO Pharmaceuticals from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $3.42.
AVEO Pharmaceuticals (NASDAQ AVEO) traded down 3.10% on Monday, reaching $3.60. 2,535,170 shares of the company were exchanged. The stock has a 50 day moving average of $3.26 and a 200 day moving average of $1.68. AVEO Pharmaceuticals has a 12-month low of $0.50 and a 12-month high of $4.24. The firm’s market capitalization is $425.91 million.
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Large investors have recently added to or reduced their stakes in the business. Fore Research & Management LP acquired a new position in shares of AVEO Pharmaceuticals in the second quarter valued at $111,000. Clear Harbor Asset Management LLC acquired a new position in shares of AVEO Pharmaceuticals in the second quarter valued at $289,000. Cannell Peter B & Co. Inc. increased its holdings in shares of AVEO Pharmaceuticals by 22.9% in the second quarter. Cannell Peter B & Co. Inc. now owns 109,875 shares of the biopharmaceutical company’s stock valued at $244,000 after purchasing an additional 20,500 shares during the last quarter. Paloma Partners Management Co acquired a new position in shares of AVEO Pharmaceuticals in the first quarter valued at $184,000. Finally, UBS Oconnor LLC acquired a new position in shares of AVEO Pharmaceuticals in the first quarter valued at $291,000. Hedge funds and other institutional investors own 53.76% of the company’s stock.
AVEO Pharmaceuticals Company Profile
AVEO Pharmaceuticals, Inc is a biopharmaceutical company. The Company’s platform delivers insights into cancer and related disease. The Company’s product candidates include Tivozanib, Ficlatuzumab, AV-203 and AV-380. Tivozanib is a selective long half-life vascular endothelial growth factor tyrosine kinase inhibitor (VEGF TKI) that inhibits over three VEGF receptors.
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