$1.50 Million in Sales Expected for Heat Biologics Inc (HTBX) This Quarter

Wall Street analysts forecast that Heat Biologics Inc (NASDAQ:HTBX) will report $1.50 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Heat Biologics’ earnings, with the lowest sales estimate coming in at $1.20 million and the highest estimate coming in at $1.80 million. The business is scheduled to report its next quarterly earnings report on Thursday, February 21st.

On average, analysts expect that Heat Biologics will report full-year sales of $5.22 million for the current year, with estimates ranging from $4.90 million to $5.54 million. For the next year, analysts expect that the firm will report sales of $4.95 million, with estimates ranging from $4.80 million to $5.10 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Heat Biologics.

Heat Biologics (NASDAQ:HTBX) last released its quarterly earnings results on Thursday, November 15th. The biopharmaceutical company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.05. The company had revenue of $1.84 million during the quarter, compared to analysts’ expectations of $1.50 million. Heat Biologics had a negative return on equity of 94.53% and a negative net margin of 331.02%.

A number of research firms recently weighed in on HTBX. HC Wainwright set a $6.00 price target on Heat Biologics and gave the stock a “buy” rating in a report on Friday, November 16th. ValuEngine raised Heat Biologics from a “hold” rating to a “buy” rating in a report on Thursday, November 1st.

NASDAQ HTBX opened at $1.25 on Friday. Heat Biologics has a twelve month low of $0.95 and a twelve month high of $4.50.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp bought a new position in shares of Heat Biologics in the second quarter valued at approximately $111,000. Vanguard Group Inc. boosted its holdings in shares of Heat Biologics by 20.6% in the third quarter. Vanguard Group Inc. now owns 798,561 shares of the biopharmaceutical company’s stock valued at $1,597,000 after acquiring an additional 136,256 shares in the last quarter. Finally, Vanguard Group Inc boosted its holdings in shares of Heat Biologics by 20.6% in the third quarter. Vanguard Group Inc now owns 798,561 shares of the biopharmaceutical company’s stock valued at $1,597,000 after acquiring an additional 136,256 shares in the last quarter. 4.46% of the stock is owned by institutional investors.

Heat Biologics Company Profile

Heat Biologics, Inc, a biopharmaceutical company, focuses on developing approaches to activate and co-stimulate a patient's immune system against cancer in the United States. The company's T-cell activating platform (TCAP) produces therapies designed to turn immunologically cold tumors hot and be administered in combination with checkpoint inhibitors and other immuno-modulators to enhance clinical effectiveness.

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