Origin Materials (ORGN) Set to Announce Earnings on Thursday

Origin Materials (NASDAQ:ORGN) is scheduled to issue 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.Persons that are interested in registering for the company’s earnings 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). The company had revenue of $7.03 million during the quarter. Origin Materials had a negative net margin of 37.93% and a negative return on equity of 14.10%. 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

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

Insiders Place Their Bets

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

Analysts Set New Price Targets

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

About Origin Materials

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.