Zacks: Brokerages Anticipate Aquinox Pharmaceuticals, Inc. (AQXP) to Announce -$0.62 EPS

Wall Street brokerages expect that Aquinox Pharmaceuticals, Inc. (NASDAQ:AQXP) will post earnings per share of ($0.62) for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Aquinox Pharmaceuticals’ earnings. Aquinox Pharmaceuticals reported earnings per share of ($0.46) in the same quarter last year, which suggests a negative year over year growth rate of 34.8%. The business is expected to issue its next quarterly earnings results on Wednesday, November 8th.

On average, analysts expect that Aquinox Pharmaceuticals will report full-year earnings of ($2.29) per share for the current year, with EPS estimates ranging from ($2.36) to ($2.21). For the next year, analysts forecast that the company will report earnings of ($2.38) per share, with EPS estimates ranging from ($2.40) to ($2.35). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Aquinox Pharmaceuticals.

Aquinox Pharmaceuticals (NASDAQ:AQXP) last announced its quarterly earnings data on Tuesday, August 8th. The company reported ($0.59) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.59).

AQXP has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of Aquinox Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. BidaskClub downgraded shares of Aquinox Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Canaccord Genuity set a $22.00 target price on shares of Aquinox Pharmaceuticals and gave the stock a “buy” rating in a report on Tuesday, August 8th. Finally, ValuEngine downgraded shares of Aquinox Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $22.25.

Several hedge funds and other institutional investors have recently bought and sold shares of AQXP. Nexthera Capital LP acquired a new stake in shares of Aquinox Pharmaceuticals in the second quarter valued at approximately $1,276,000. Sphera Funds Management LTD. acquired a new stake in shares of Aquinox Pharmaceuticals in the second quarter valued at approximately $874,000. Vanguard Group Inc. raised its holdings in shares of Aquinox Pharmaceuticals by 6.6% in the second quarter. Vanguard Group Inc. now owns 282,483 shares of the company’s stock valued at $3,974,000 after purchasing an additional 17,455 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Aquinox Pharmaceuticals by 10.0% in the first quarter. Geode Capital Management LLC now owns 121,532 shares of the company’s stock valued at $2,028,000 after purchasing an additional 11,035 shares during the last quarter. Finally, Investment Centers of America Inc. acquired a new stake in shares of Aquinox Pharmaceuticals in the first quarter valued at approximately $172,000. Institutional investors own 95.15% of the company’s stock.

Shares of Aquinox Pharmaceuticals (NASDAQ:AQXP) traded down 4.18% on Wednesday, reaching $13.31. 25,504 shares of the company were exchanged. The stock’s market capitalization is $312.31 million. Aquinox Pharmaceuticals has a 12 month low of $9.83 and a 12 month high of $19.97. The stock has a 50 day moving average price of $14.17 and a 200-day moving average price of $14.35.

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Aquinox Pharmaceuticals Company Profile

Aquinox Pharmaceuticals, Inc is a clinical-stage pharmaceutical company discovering and developing targeted therapeutics in disease areas of inflammation and immuno-oncology. The Company’s primary focus is anti-inflammatory product candidates targeting the Src Homology 2 (SH2)-containing inositol-5-phosphatase 1 (SHIP1) enzyme, which is a regulator of a cellular signaling pathway in immune cells, known as the phosphatidylinositol-4,5-bisphosphate 3-kinase (PI3K) pathway.

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