Analysts Issue Forecasts for Tonix Pharmaceuticals Holding Corp.’s Q1 2018 Earnings (TNXP)

Tonix Pharmaceuticals Holding Corp. (NASDAQ:TNXP) – Investment analysts at Zacks Investment Research issued their Q1 2018 earnings per share estimates for shares of Tonix Pharmaceuticals in a research note issued to investors on Monday. Zacks Investment Research analyst D. Bautz anticipates that the company will earn ($0.68) per share for the quarter. Zacks Investment Research also issued estimates for Tonix Pharmaceuticals’ Q2 2018 earnings at ($0.71) EPS, Q3 2018 earnings at ($0.74) EPS, Q4 2018 earnings at ($0.78) EPS, FY2018 earnings at ($2.87) EPS, FY2019 earnings at ($2.15) EPS and FY2020 earnings at ($2.03) EPS.

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TNXP has been the topic of a number of other research reports. ValuEngine upgraded shares of Tonix Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. Aegis reiterated a “buy” rating on shares of Tonix Pharmaceuticals in a report on Friday, December 1st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $8.33.

Tonix Pharmaceuticals stock opened at $3.10 on Thursday. The firm has a market cap of $26.78, a price-to-earnings ratio of -0.91 and a beta of 2.87. Tonix Pharmaceuticals has a twelve month low of $2.85 and a twelve month high of $9.40.

Tonix Pharmaceuticals (NASDAQ:TNXP) last released its quarterly earnings results on Monday, March 12th. The company reported ($0.67) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.77) by $0.10.

An institutional investor recently raised its position in Tonix Pharmaceuticals stock. Vanguard Group Inc. increased its position in Tonix Pharmaceuticals Holding Corp. (NASDAQ:TNXP) by 28.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 184,377 shares of the company’s stock after acquiring an additional 41,264 shares during the quarter. Vanguard Group Inc. owned about 2.46% of Tonix Pharmaceuticals worth $799,000 at the end of the most recent quarter. 15.21% of the stock is currently owned by institutional investors.

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Tonix Pharmaceuticals Company Profile

Tonix Pharmaceuticals Holding Corp., a clinical-stage pharmaceutical company, engages in developing pharmaceutical products for central nervous system disorders. The company?s lead program focuses on post-traumatic stress disorder (PTSD) that is characterized by chronic disability, inadequate treatment options, high utilization of healthcare services, and economic burden.

Earnings History and Estimates for Tonix Pharmaceuticals (NASDAQ:TNXP)

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