Equities analysts expect that NewLink Genetics Corporation (NASDAQ:NLNK) will post earnings of ($0.80) per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for NewLink Genetics Corporation’s earnings, with the lowest EPS estimate coming in at ($0.87) and the highest estimate coming in at ($0.75). NewLink Genetics Corporation reported earnings of ($0.54) per share in the same quarter last year, which suggests a negative year-over-year growth rate of 48.1%. The firm is expected to report its next earnings results on Tuesday, November 7th.
On average, analysts expect that NewLink Genetics Corporation will report full year earnings of ($2.79) per share for the current fiscal year, with EPS estimates ranging from ($3.05) to ($2.64). For the next financial year, analysts expect that the company will post earnings of ($2.48) per share, with EPS estimates ranging from ($3.29) to ($1.71). Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow NewLink Genetics Corporation.
NewLink Genetics Corporation (NASDAQ:NLNK) last announced its earnings results on Friday, July 28th. The biotechnology company reported ($0.57) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.78) by $0.21. The business had revenue of $10.37 million for the quarter, compared to analysts’ expectations of $2.65 million. NewLink Genetics Corporation had a negative return on equity of 55.03% and a negative net margin of 161.94%.
Several research analysts recently issued reports on the company. Cantor Fitzgerald reaffirmed a “buy” rating and set a $26.00 target price on shares of NewLink Genetics Corporation in a research report on Friday, September 8th. ValuEngine upgraded NewLink Genetics Corporation from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 7th. Zacks Investment Research upgraded NewLink Genetics Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, July 29th. Stifel Nicolaus boosted their price target on NewLink Genetics Corporation from $14.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, September 11th. Finally, Jefferies Group LLC upgraded NewLink Genetics Corporation from a “hold” rating to a “buy” rating and boosted their price target for the company from $7.00 to $26.00 in a research note on Friday, September 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $24.17.
A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in NewLink Genetics Corporation by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 959,883 shares of the biotechnology company’s stock valued at $23,134,000 after purchasing an additional 51,013 shares during the last quarter. Columbus Circle Investors grew its stake in NewLink Genetics Corporation by 72.5% during the 2nd quarter. Columbus Circle Investors now owns 591,765 shares of the biotechnology company’s stock valued at $4,349,000 after purchasing an additional 248,724 shares during the last quarter. State Street Corp grew its stake in NewLink Genetics Corporation by 1.2% during the 2nd quarter. State Street Corp now owns 391,464 shares of the biotechnology company’s stock valued at $2,875,000 after purchasing an additional 4,630 shares during the last quarter. Northern Trust Corp grew its stake in NewLink Genetics Corporation by 4.0% during the 2nd quarter. Northern Trust Corp now owns 298,738 shares of the biotechnology company’s stock valued at $2,195,000 after purchasing an additional 11,532 shares during the last quarter. Finally, Driehaus Capital Management LLC purchased a new stake in NewLink Genetics Corporation during the 1st quarter valued at about $5,127,000. Institutional investors and hedge funds own 54.78% of the company’s stock.
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Shares of NewLink Genetics Corporation (NLNK) traded down 4.42% on Friday, reaching $12.11. The company’s stock had a trading volume of 1,760,926 shares. NewLink Genetics Corporation has a 12-month low of $5.90 and a 12-month high of $25.17. The stock’s market cap is $356.29 million. The firm has a 50 day moving average price of $8.51 and a 200-day moving average price of $12.83.
About NewLink Genetics Corporation
NewLink Genetics Corporation is a clinical-stage immuno-oncology company focused on discovering, developing and commercializing immunotherapeutic products for the treatment of cancer. The Company’s portfolio includes biologic and small-molecule immunotherapy product candidates for a range of oncology indications.
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