Mateon Therapeutics Inc (MATN) Expected to Post Earnings of -$0.11 Per Share
Equities analysts forecast that Mateon Therapeutics Inc (NASDAQ:MATN) will report earnings per share of ($0.11) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Mateon Therapeutics’ earnings. Mateon Therapeutics reported earnings per share of ($0.12) during the same quarter last year, which suggests a positive year-over-year growth rate of 8.3%. The business is expected to issue its next quarterly earnings results on Monday, November 13th.
On average, analysts expect that Mateon Therapeutics will report full year earnings of ($0.42) per share for the current financial year. For the next year, analysts expect that the company will post earnings of ($0.50) per share. 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 Mateon Therapeutics.
Mateon Therapeutics (NASDAQ:MATN) last issued its earnings results on Wednesday, August 2nd. The biopharmaceutical company reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $0.03.
Several equities analysts have recently issued reports on the company. Maxim Group reaffirmed a “hold” rating on shares of Mateon Therapeutics in a report on Tuesday, August 1st. Zacks Investment Research lowered Mateon Therapeutics from a “buy” rating to a “hold” rating in a report on Saturday, May 13th. Finally, Roth Capital assumed coverage on Mateon Therapeutics in a report on Thursday, April 20th. They issued a “buy” rating and a $2.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Mateon Therapeutics presently has an average rating of “Buy” and a consensus target price of $2.00.
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Shares of Mateon Therapeutics (NASDAQ:MATN) traded down 5.76% on Friday, hitting $0.35. The stock had a trading volume of 17,100 shares. The company’s market capitalization is $9.29 million. The company has a 50-day moving average of $0.35 and a 200 day moving average of $0.53. Mateon Therapeutics has a 52 week low of $0.27 and a 52 week high of $0.89.
Mateon Therapeutics Company Profile
Mateon Therapeutics, Inc, formerly OXiGENE, Inc, is a biopharmaceutical company. The Company is focused on the development of vascular disrupting agents (VDAs) for the treatment of cancer. The Company is engaged in developing two clinical stage investigational drugs: VDAs-CA4P and OXi4503. Its lead compound is CA4P, which is also known as combretastatin A4-phosphate, fosbretabulin tromethamine, fosbretabulin and ZYBRESTAT.
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