-$0.70 Earnings Per Share Expected for Vaccinex Inc (VCNX) This Quarter

Analysts predict that Vaccinex Inc (NASDAQ:VCNX) will post earnings per share of ($0.70) for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Vaccinex’s earnings. The firm is scheduled to issue its next earnings results on Wednesday, August 21st.

On average, analysts expect that Vaccinex will report full-year earnings of ($2.25) per share for the current fiscal year, with EPS estimates ranging from ($2.29) to ($2.21). For the next fiscal year, analysts anticipate that the firm will post earnings of ($1.91) per share, with EPS estimates ranging from ($2.08) to ($1.73). Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Vaccinex.

Vaccinex (NASDAQ:VCNX) last issued its earnings results on Wednesday, May 15th. The company reported ($0.79) earnings per share for the quarter, missing the consensus estimate of ($0.75) by ($0.04). The business had revenue of $0.09 million during the quarter.

Separately, Zacks Investment Research raised Vaccinex from a “hold” rating to a “buy” rating and set a $8.75 target price on the stock in a research report on Thursday, May 16th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $17.58.

Shares of VCNX stock opened at $6.80 on Tuesday. Vaccinex has a fifty-two week low of $3.32 and a fifty-two week high of $12.00. The stock has a market capitalization of $79.21 million and a price-to-earnings ratio of -1.31.

Several hedge funds and other institutional investors have recently modified their holdings of VCNX. Vanguard Group Inc acquired a new position in shares of Vaccinex during the 3rd quarter valued at about $341,000. Vanguard Group Inc. acquired a new position in shares of Vaccinex during the 3rd quarter valued at about $341,000. Bank of New York Mellon Corp acquired a new position in shares of Vaccinex during the 3rd quarter valued at about $124,000. Finally, Telemetry Investments L.L.C. increased its holdings in shares of Vaccinex by 26.3% during the 4th quarter. Telemetry Investments L.L.C. now owns 14,720 shares of the company’s stock valued at $54,000 after acquiring an additional 3,066 shares during the last quarter. 2.10% of the stock is currently owned by institutional investors and hedge funds.

About Vaccinex

Vaccinex, Inc, a clinical-stage biotechnology company, discovers and develops bio therapeutics to treat serious diseases and conditions with unmet medical needs, including cancer, neurodegenerative diseases, and autoimmune disorders. Its lead product candidate is pepinemab that is in clinical development stage for the treatment of non-small cell lung cancer (NSCLC), osteosarcoma, melanoma, and Huntington's disease.

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