Origin Materials (ORGN) to Release Quarterly Earnings on Thursday

Origin Materials (NASDAQ:ORGNGet Free Report) will release its earnings data after the market closes on Thursday, November 14th. Analysts expect Origin Materials to post earnings of ($0.11) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Origin Materials (NASDAQ:ORGNGet Free Report) last issued its quarterly earnings data on Wednesday, August 14th. The financial services provider reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.02). Origin Materials had a negative net margin of 37.93% and a negative return on equity of 14.10%. The business 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

Shares of ORGN opened at $1.25 on Wednesday. The company has a quick ratio of 13.48, a current ratio of 13.57 and a debt-to-equity ratio of 0.01. Origin Materials has a 12 month low of $0.44 and a 12 month high of $1.90. The company’s fifty day moving average is $1.46 and its 200-day moving average is $1.18. The firm has a market cap of $182.19 million, a price-to-earnings ratio of -13.89 and a beta of 1.00.

Insider Buying and Selling at Origin Materials

In other news, CFO Matthew T. Plavan sold 120,000 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $1.32, for a total value of $158,400.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 120,400 shares of company stock worth $159,006 over the last 90 days. Insiders own 17.49% of the company’s stock.

Analyst Ratings Changes

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

Check Out Our Latest Research Report on Origin Materials

Origin Materials Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Origin Materials (NASDAQ:ORGN)

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