Onconova Therapeutics (ONTX) Set to Announce Quarterly Earnings on Wednesday

Onconova Therapeutics (NASDAQ:ONTXGet Rating) will release its earnings data after the market closes on Wednesday, May 11th. Analysts expect Onconova Therapeutics to post earnings of ($0.18) per share for the quarter.

Onconova Therapeutics (NASDAQ:ONTXGet Rating) last released its quarterly earnings data on Thursday, March 17th. The biopharmaceutical company reported ($0.16) earnings per share (EPS) for the quarter. The business had revenue of $0.06 million for the quarter, compared to the consensus estimate of $0.08 million. Onconova Therapeutics had a negative net margin of 7,151.77% and a negative return on equity of 38.96%. During the same quarter in the prior year, the business posted ($0.45) earnings per share. On average, analysts expect Onconova Therapeutics to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Shares of NASDAQ:ONTX opened at $1.41 on Thursday. The firm has a 50 day moving average of $1.65 and a 200 day moving average of $2.28. The company has a market capitalization of $29.47 million, a price-to-earnings ratio of -1.48 and a beta of 1.80. Onconova Therapeutics has a 52 week low of $1.36 and a 52 week high of $16.50.

Hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new position in Onconova Therapeutics during the 4th quarter valued at about $31,000. Millennium Management LLC purchased a new stake in shares of Onconova Therapeutics during the fourth quarter worth about $35,000. Goldman Sachs Group Inc. acquired a new position in shares of Onconova Therapeutics during the third quarter valued at about $57,000. Morgan Stanley raised its position in shares of Onconova Therapeutics by 130.5% in the 1st quarter. Morgan Stanley now owns 116,796 shares of the biopharmaceutical company’s stock valued at $117,000 after purchasing an additional 66,130 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Onconova Therapeutics in the 4th quarter worth approximately $341,000. Hedge funds and other institutional investors own 11.53% of the company’s stock.

Several research analysts have recently commented on the company. StockNews.com began coverage on Onconova Therapeutics in a research report on Monday. They issued a “hold” rating for the company. LADENBURG THALM/SH SH started coverage on shares of Onconova Therapeutics in a report on Tuesday, March 1st. They issued a “buy” rating and a $7.00 target price for the company. Finally, Zacks Investment Research raised shares of Onconova Therapeutics from a “hold” rating to a “buy” rating and set a $2.00 price target for the company in a research report on Wednesday, March 23rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $8.00.

Onconova Therapeutics Company Profile (Get Rating)

Onconova Therapeutics, Inc, a clinical-stage biopharmaceutical company, focuses on discovering and developing novel products to treat cancer. It has two clinical-stage programs, including narazaciclib (ON 123300), a multi-targeted kinase inhibitor that is in Phase I study for solid tumors, as well as hematological malignancies as a single agent or in combination with other anti-cancer therapies; and oral rigosertib alone or in combination with PD-1 inhibitor, which is in Phase I/IIa for the treatment of progressive K-Ras mutated non-small cell lung cancer.

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Earnings History for Onconova Therapeutics (NASDAQ:ONTX)

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