-$0.06 EPS Expected for AVEO Pharmaceuticals, Inc. (AVEO) This Quarter

Equities research analysts predict that AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) will report ($0.06) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for AVEO Pharmaceuticals’ earnings. AVEO Pharmaceuticals posted earnings per share of ($0.12) during the same quarter last year, which indicates a positive year over year growth rate of 50%. The business is expected to issue its next earnings results on Thursday, May 3rd.

On average, analysts expect that AVEO Pharmaceuticals will report full year earnings of ($0.25) per share for the current financial year, with EPS estimates ranging from ($0.26) to ($0.24). For the next financial year, analysts anticipate that the company will post earnings of ($0.17) per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover AVEO Pharmaceuticals.

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AVEO has been the subject of several recent analyst reports. Zacks Investment Research cut shares of AVEO Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. BidaskClub cut shares of AVEO Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 9th. Finally, B. Riley restated a “buy” rating and set a $5.00 price objective on shares of AVEO Pharmaceuticals in a research report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. AVEO Pharmaceuticals presently has a consensus rating of “Hold” and an average price target of $4.05.

Shares of AVEO Pharmaceuticals (NASDAQ:AVEO) opened at $2.72 on Friday. AVEO Pharmaceuticals has a 12-month low of $0.50 and a 12-month high of $4.24. The stock has a market cap of $321.83, a PE ratio of -4.46 and a beta of 1.38. The company has a debt-to-equity ratio of -0.45, a quick ratio of 2.33 and a current ratio of 1.56.

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in AVEO Pharmaceuticals by 48.6% during the second quarter. Vanguard Group Inc. now owns 3,551,360 shares of the biopharmaceutical company’s stock worth $7,884,000 after buying an additional 1,162,232 shares during the period. Emory University purchased a new position in AVEO Pharmaceuticals during the fourth quarter worth about $1,682,000. Essex Investment Management Co. LLC boosted its stake in AVEO Pharmaceuticals by 34.1% during the fourth quarter. Essex Investment Management Co. LLC now owns 202,004 shares of the biopharmaceutical company’s stock worth $564,000 after buying an additional 51,384 shares during the period. X Square Capital LLC purchased a new position in AVEO Pharmaceuticals during the fourth quarter worth about $557,000. Finally, Prosight Management LP purchased a new position in AVEO Pharmaceuticals during the fourth quarter worth about $2,951,000. 51.82% of the stock is owned by institutional investors.

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About AVEO Pharmaceuticals

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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Earnings History and Estimates for AVEO Pharmaceuticals (NASDAQ:AVEO)

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