Zacks: Brokerages Anticipate Loop Industries Inc (NASDAQ:LOOP) to Announce -$0.09 EPS
Brokerages expect that Loop Industries Inc (NASDAQ:LOOP) will report earnings per share (EPS) of ($0.09) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for Loop Industries’ earnings. Loop Industries reported earnings per share of ($0.11) in the same quarter last year, which would suggest a positive year-over-year growth rate of 18.2%. The business is expected to report its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Loop Industries will report full year earnings of ($0.40) per share for the current fiscal year. For the next year, analysts anticipate that the business will post earnings of ($0.41) per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Loop Industries.
Loop Industries (NASDAQ:LOOP) last posted its quarterly earnings results on Tuesday, May 7th. The financial services provider reported ($0.09) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.09).
Shares of Loop Industries stock traded up $1.22 during trading on Friday, reaching $12.22. The company’s stock had a trading volume of 119,453 shares, compared to its average volume of 106,440. The company has a quick ratio of 0.78, a current ratio of 1.16 and a debt-to-equity ratio of 0.13. Loop Industries has a 12-month low of $5.69 and a 12-month high of $14.45. The firm has a market capitalization of $512.23 million, a P/E ratio of -31.33 and a beta of 0.59. The business’s 50 day simple moving average is $9.26.
Several institutional investors have recently bought and sold shares of LOOP. Handelsinvest Investeringsforvaltning purchased a new stake in shares of Loop Industries in the first quarter valued at approximately $79,000. Bank of New York Mellon Corp purchased a new stake in shares of Loop Industries in the fourth quarter valued at approximately $105,000. Northern Trust Corp purchased a new stake in shares of Loop Industries in the fourth quarter valued at approximately $105,000. Handelsbanken Fonder AB acquired a new position in Loop Industries during the first quarter worth $158,000. Finally, BlackRock Inc. raised its holdings in Loop Industries by 5.2% during the fourth quarter. BlackRock Inc. now owns 23,804 shares of the financial services provider’s stock worth $185,000 after purchasing an additional 1,166 shares during the last quarter. Hedge funds and other institutional investors own 5.52% of the company’s stock.
About Loop Industries
Loop Industries, Inc focuses on depolymerizing waste polyethylene terephthalate (PET) plastics and polyester fibers into base building blocks. It re-polymerized monomers into virgin-quality PET plastic for use in food-grade plastic packaging, such as water and soda bottles, as well as polyester fibers for textile applications.
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