Wall Street analysts expect Lithium Americas Corp (NYSE:LAC) to report ($0.07) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Lithium Americas’ earnings. The highest EPS estimate is ($0.04) and the lowest is ($0.09). Lithium Americas posted earnings per share of ($0.08) in the same quarter last year, which indicates a positive year-over-year growth rate of 12.5%. The business is expected to report its next quarterly earnings report on Tuesday, August 13th.

On average, analysts expect that Lithium Americas will report full year earnings of ($0.31) per share for the current financial year, with EPS estimates ranging from ($0.42) to ($0.18). For the next financial year, analysts forecast that the business will report earnings of ($0.54) per share, with EPS estimates ranging from ($0.72) to ($0.35). Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Lithium Americas.

Lithium Americas (NYSE:LAC) last posted its quarterly earnings data on Wednesday, May 15th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01. The firm had revenue of $1.28 million for the quarter, compared to analysts’ expectations of $1.80 million. Lithium Americas had a negative return on equity of 26.10% and a negative net margin of 560.33%.

LAC has been the topic of several recent research reports. Zacks Investment Research upgraded Lithium Americas from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a research report on Saturday, March 2nd. National Bank Financial reiterated a “buy” rating on shares of Lithium Americas in a research report on Tuesday, April 2nd.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley increased its position in shares of Lithium Americas by 1.9% in the first quarter. Morgan Stanley now owns 1,311,611 shares of the company’s stock worth $4,959,000 after purchasing an additional 24,798 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Lithium Americas in the fourth quarter worth $2,519,000. Virtu Financial LLC bought a new position in shares of Lithium Americas in the first quarter worth $224,000. Millennium Management LLC increased its position in shares of Lithium Americas by 37.8% in the fourth quarter. Millennium Management LLC now owns 19,605 shares of the company’s stock worth $62,000 after purchasing an additional 5,379 shares during the period. Finally, HighTower Advisors LLC bought a new position in shares of Lithium Americas in the first quarter worth $59,000. Institutional investors own 5.49% of the company’s stock.

LAC stock traded down $0.10 during trading hours on Wednesday, hitting $3.82. 64,600 shares of the stock were exchanged, compared to its average volume of 206,393. The company has a debt-to-equity ratio of 0.70, a current ratio of 10.38 and a quick ratio of 9.93. The stock has a market capitalization of $338.08 million, a price-to-earnings ratio of -14.69 and a beta of 1.43. Lithium Americas has a 12 month low of $2.75 and a 12 month high of $5.79.

About Lithium Americas

Lithium Americas Corp. operates as a resource company in the United States. The company explores for lithium deposits. It primarily holds interests in the Cauchari-Olaroz Project located in Jujuy province of Argentina; and owns a 100% interest in the Thacker Pass lithium project located in Nevada. The company also manufactures and sells organoclay products that are used in complex oil and gas drilling and other applications.

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