FY2025 EPS Estimates for Loop Industries Lowered by Analyst

Loop Industries, Inc. (NASDAQ:LOOP) – Equities researchers at Cormark reduced their FY2025 earnings per share estimates for shares of Loop Industries in a research note issued on Thursday, January 16th. Cormark analyst N. Boychuk now forecasts that the financial services provider will post earnings of ($0.47) per share for the year, down from their previous forecast of ($0.30). Cormark has a “Moderate Buy” rating on the stock. The consensus estimate for Loop Industries’ current full-year earnings is ($0.31) per share. Cormark also issued estimates for Loop Industries’ FY2026 earnings at ($0.18) EPS, FY2027 earnings at ($0.15) EPS and FY2028 earnings at $0.14 EPS.

Loop Industries Trading Up 3.0 %

NASDAQ LOOP opened at $1.03 on Monday. The company has a current ratio of 0.48, a quick ratio of 0.47 and a debt-to-equity ratio of 0.93. Loop Industries has a 1-year low of $0.96 and a 1-year high of $3.84. The firm’s fifty day simple moving average is $1.30 and its 200-day simple moving average is $1.52. The company has a market capitalization of $49.05 million, a PE ratio of -2.57 and a beta of 1.57.

Loop Industries (NASDAQ:LOOP) last released its quarterly earnings data on Tuesday, January 14th. The financial services provider reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.02. Loop Industries had a negative net margin of 19,364.00% and a negative return on equity of 164.29%.

Insider Buying and Selling at Loop Industries

In other news, CEO Daniel Solomita sold 61,278 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $1.56, for a total transaction of $95,593.68. Following the transaction, the chief executive officer now owns 548,722 shares in the company, valued at $856,006.32. This represents a 10.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 49.80% of the company’s stock.

Institutional Investors Weigh In On Loop Industries

A hedge fund recently raised its stake in Loop Industries stock. Balboa Wealth Partners grew its stake in Loop Industries, Inc. (NASDAQ:LOOP) by 24.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,575 shares of the financial services provider’s stock after buying an additional 9,880 shares during the period. Balboa Wealth Partners owned approximately 0.11% of Loop Industries worth $93,000 as of its most recent SEC filing. Institutional investors own 4.89% of the company’s stock.

Loop Industries Company Profile

Loop Industries, Inc, a technology company, focuses on depolymerizing waste polyethylene terephthalate PET plastics and polyester fibers, including plastic bottles, packaging, carpets and textiles of any color, transparency and even ocean plastics that have been degraded by the sun and salt, to its base building blocks.