SIGA Technologies, Inc. to Post FY2025 Earnings of $1.07 Per Share, Edison Inv. Res Forecasts (NASDAQ:SIGA)

SIGA Technologies, Inc. (NASDAQ:SIGA - Free Report) - Equities researchers at Edison Inv. Res dropped their FY2025 earnings estimates for SIGA Technologies in a research note issued on Monday, May 13th. Edison Inv. Res analyst S. Romanoff now expects that the company will post earnings per share of $1.07 for the year, down from their prior forecast of $1.19. The consensus estimate for SIGA Technologies' current full-year earnings is $1.22 per share.

SIGA Technologies Price Performance

SIGA stock traded up $0.40 during midday trading on Tuesday, hitting $7.85. The company's stock had a trading volume of 1,130,894 shares, compared to its average volume of 771,569. SIGA Technologies has a twelve month low of $4.22 and a twelve month high of $10.83. The company's fifty day moving average price is $8.23 and its 200 day moving average price is $6.31. The stock has a market capitalization of $558.29 million, a P/E ratio of 6.77 and a beta of 0.95.

SIGA Technologies (NASDAQ:SIGA - Get Free Report) last issued its quarterly earnings data on Tuesday, March 12th. The company reported $1.01 EPS for the quarter. SIGA Technologies had a net margin of 50.48% and a return on equity of 51.97%. The business had revenue of $116.48 million for the quarter.

SIGA Technologies Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, April 11th. Stockholders of record on Tuesday, March 26th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, March 25th. This is a positive change from SIGA Technologies's previous dividend of $0.45.

Institutional Trading of SIGA Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its position in SIGA Technologies by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 282,824 shares of the company's stock valued at $1,485,000 after purchasing an additional 3,030 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of SIGA Technologies by 29.6% during the 3rd quarter. Principal Financial Group Inc. now owns 46,968 shares of the company's stock worth $247,000 after buying an additional 10,719 shares in the last quarter. New York State Common Retirement Fund grew its position in SIGA Technologies by 24.5% in the 3rd quarter. New York State Common Retirement Fund now owns 379,555 shares of the company's stock valued at $1,993,000 after purchasing an additional 74,777 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of SIGA Technologies during the third quarter worth about $208,000. Finally, TRUE Private Wealth Advisors increased its holdings in SIGA Technologies by 9.7% during the 3rd quarter. TRUE Private Wealth Advisors now owns 59,389 shares of the company's stock worth $312,000 after purchasing an additional 5,275 shares in the last quarter. Institutional investors own 55.40% of the company's stock.

About SIGA Technologies

SIGA Technologies, Inc, a commercial-stage pharmaceutical company, focuses on the health security related markets in the United States. Its lead product is TPOXX, an oral formulation antiviral drug for the treatment of human smallpox disease caused by variola virus. The company was incorporated in 1995 and is headquartered in New York, New York.