Origin Materials (ORGN) Set to Announce Quarterly Earnings on Thursday

Origin Materials (NASDAQ:ORGN) will be issuing its quarterly earnings data after the market closes on Thursday, November 14th. Analysts expect the company to announce earnings of ($0.11) per share for the quarter. Origin Materials has set its FY 2024 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.

Origin Materials (NASDAQ:ORGN) last released its earnings results on Wednesday, August 14th. The financial services provider reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). Origin Materials had a negative return on equity of 14.10% and a negative net margin of 37.93%. The firm had revenue of $7.03 million for the quarter. On average, analysts expect Origin Materials to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Origin Materials Stock Performance

ORGN opened at $1.26 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 13.57 and a quick ratio of 13.48. The company has a market capitalization of $183.65 million, a price-to-earnings ratio of -14.00 and a beta of 1.00. The business’s 50-day moving average price is $1.48 and its two-hundred day moving average price is $1.16. Origin Materials has a 1 year low of $0.44 and a 1 year high of $1.90.

Insider Transactions at Origin Materials

In other Origin Materials news, CFO Matthew T. Plavan sold 120,000 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $1.32, for a total transaction of $158,400.00. Following the sale, the chief financial officer now directly owns 1,223,088 shares of the company’s stock, valued at $1,614,476.16. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 120,400 shares of company stock valued at $159,006 over the last 90 days. 3.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Bank of America raised Origin Materials from a “neutral” rating to a “buy” rating and lifted their target price for the company from $1.35 to $3.00 in a research report on Friday, August 16th.

Origin Materials Company Profile

Origin Materials, Inc, together with its subsidiaries, operates as a carbon-negative materials company. The company develops a proprietary biomass conversion platform to convert biomass, or plant-based carbon into building block chemicals chloromethylfurfural and hydrothermal carbon, as well as other oils and extractives and other co-products.