FY2017 EPS Estimates for Soligenix Inc. Raised by Zacks Investment Research (SNGX)
Soligenix Inc. (NASDAQ:SNGX) – Zacks Investment Research increased their FY2017 earnings per share (EPS) estimates for Soligenix in a note issued to investors on Monday. Zacks Investment Research analyst G. Zeng now forecasts that the biopharmaceutical company will post earnings per share of ($1.30) for the year, up from their previous forecast of ($1.50).
Soligenix (NASDAQ:SNGX) last announced its quarterly earnings data on Monday, November 6th. The biopharmaceutical company reported ($0.17) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.32) by $0.15. The firm had revenue of $1.82 million during the quarter, compared to analyst estimates of $1.36 million. Soligenix had a negative return on equity of 112.81% and a negative net margin of 90.93%.
SNGX has been the subject of a number of other reports. Maxim Group set a $4.00 price objective on Soligenix and gave the stock a “buy” rating in a research report on Thursday, July 27th. HC Wainwright reiterated a “buy” rating and issued a $11.00 price objective on shares of Soligenix in a research report on Thursday, September 21st.
Shares of Soligenix (NASDAQ:SNGX) opened at $2.15 on Thursday. Soligenix has a 12-month low of $1.74 and a 12-month high of $5.08.
Soligenix Company Profile
Soligenix, Inc is a late-stage biopharmaceutical company. The Company is focused on developing and commercializing products to treat rare diseases. The Company operates through two segments: BioTherapeutics and Vaccines/BioDefense. Its BioTherapeutics segment is developing a photodynamic therapy (SGX301) utilizing topical synthetic hypericin activated with safe visible light for the treatment of cutaneous T-cell lymphoma (CTCL), formulations of oral beclomethasone 17,21-dipropionate (BDP) for the prevention/treatment of gastrointestinal (GI) disorders characterized by severe inflammation, and its innate defense regulator (IDR) technology, dusquetide (SGX942) for the treatment of oral mucositis in head and neck cancer.
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