Brokerages Expect ZIOPHARM Oncology Inc (ZIOP) to Announce -$0.13 Earnings Per Share

Equities analysts expect ZIOPHARM Oncology Inc (NASDAQ:ZIOP) to announce ($0.13) earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have made estimates for ZIOPHARM Oncology’s earnings. The lowest EPS estimate is ($0.14) and the highest is ($0.13). ZIOPHARM Oncology posted earnings per share of ($0.11) in the same quarter last year, which suggests a negative year-over-year growth rate of 18.2%. The firm is expected to issue its next 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 financial year, with EPS estimates ranging from ($0.56) to ($0.54). For the next year, analysts expect that the firm will report earnings of ($0.59) per share, with EPS estimates ranging from ($0.65) to ($0.53). Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow ZIOPHARM Oncology.

ZIOPHARM Oncology (NASDAQ:ZIOP) last announced its earnings results on Monday, July 31st. The biotechnology company reported ($0.13) EPS for the quarter, meeting the consensus estimate of ($0.13). The company had revenue of $1.60 million for the quarter, compared to analysts’ expectations of $1.66 million. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.01) earnings per share.

ZIOP has been the subject of several research analyst reports. HC Wainwright set a $10.00 price objective on ZIOPHARM Oncology and gave the stock a “buy” rating in a research report on Tuesday, August 1st. BidaskClub raised ZIOPHARM Oncology from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, ValuEngine raised ZIOPHARM Oncology from a “sell” rating to a “hold” rating in a report on Monday, August 28th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. ZIOPHARM Oncology has an average rating of “Hold” and an average target price of $16.50.

Shares of ZIOPHARM Oncology (NASDAQ:ZIOP) traded up 4.24% during midday trading on Tuesday, hitting $4.67. The company had a trading volume of 1,562,315 shares. The company’s 50 day moving average is $5.98 and its 200 day moving average is $6.17. ZIOPHARM Oncology has a one year low of $4.40 and a one year high of $7.88. The firm’s market cap is $656.75 million.

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A number of institutional investors have recently bought and sold shares of ZIOP. Wells Fargo & Company MN grew its stake in shares of ZIOPHARM Oncology by 5.5% in the 1st quarter. Wells Fargo & Company MN now owns 199,406 shares of the biotechnology company’s stock valued at $1,264,000 after purchasing an additional 10,424 shares during the period. Bank of New York Mellon Corp grew its stake in shares of ZIOPHARM Oncology by 1.6% in the 1st quarter. Bank of New York Mellon Corp now owns 598,406 shares of the biotechnology company’s stock valued at $3,794,000 after purchasing an additional 9,652 shares during the period. UBS Asset Management Americas Inc. grew its stake in shares of ZIOPHARM Oncology by 79.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 37,687 shares of the biotechnology company’s stock valued at $239,000 after purchasing an additional 16,700 shares during the period. Parametric Portfolio Associates LLC grew its stake in shares of ZIOPHARM Oncology by 325.7% in the 1st quarter. Parametric Portfolio Associates LLC now owns 81,011 shares of the biotechnology company’s stock valued at $514,000 after purchasing an additional 61,979 shares during the period. Finally, American International Group Inc. grew its stake in shares of ZIOPHARM Oncology by 7.1% in the 1st quarter. American International Group Inc. now owns 74,843 shares of the biotechnology company’s stock valued at $475,000 after purchasing an additional 4,951 shares during the period. 41.91% of the stock is owned by hedge funds and other institutional investors.

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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