Romeo Power (RMO) Scheduled to Post Earnings on Monday

Romeo Power (NYSE:RMOGet Rating) will be announcing its earnings results after the market closes on Monday, May 9th. Romeo Power has set its FY 2022 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

Romeo Power (NYSE:RMOGet Rating) last issued its earnings results on Tuesday, March 1st. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.06). Romeo Power had a negative return on equity of 38.19% and a net margin of 35.15%. The business had revenue of $9.07 million during the quarter, compared to analysts’ expectations of $6.48 million.

NYSE RMO opened at $1.10 on Monday. The company has a 50-day simple moving average of $1.45 and a two-hundred day simple moving average of $2.83. Romeo Power has a 12-month low of $1.04 and a 12-month high of $10.74. The firm has a market cap of $147.55 million, a price-to-earnings ratio of 36.67 and a beta of 0.97. The company has a quick ratio of 5.98, a current ratio of 7.58 and a debt-to-equity ratio of 0.01.

In other news, major shareholder Borgwarner Inc sold 1,420,046 shares of Romeo Power stock in a transaction dated Monday, February 28th. The stock was sold at an average price of $1.80, for a total value of $2,556,082.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 3,925,445 shares of company stock valued at $7,196,933 in the last ninety days. Insiders own 18.60% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC purchased a new stake in Romeo Power during the fourth quarter valued at approximately $65,000. Credit Suisse AG lifted its position in shares of Romeo Power by 10.4% during the 4th quarter. Credit Suisse AG now owns 60,154 shares of the company’s stock valued at $219,000 after buying an additional 5,689 shares in the last quarter. American International Group Inc. grew its stake in shares of Romeo Power by 194.2% during the 3rd quarter. American International Group Inc. now owns 68,937 shares of the company’s stock valued at $341,000 after acquiring an additional 45,508 shares during the period. Marshall Wace LLP bought a new position in shares of Romeo Power during the 4th quarter valued at approximately $385,000. Finally, Rhumbline Advisers increased its holdings in Romeo Power by 11.0% in the 4th quarter. Rhumbline Advisers now owns 108,455 shares of the company’s stock worth $396,000 after acquiring an additional 10,715 shares in the last quarter. 49.56% of the stock is currently owned by hedge funds and other institutional investors.

RMO has been the subject of several analyst reports. Zacks Investment Research cut shares of Romeo Power from a “buy” rating to a “hold” rating in a research report on Thursday, January 20th. BTIG Research cut Romeo Power from a “buy” rating to a “neutral” rating in a report on Wednesday, March 2nd. Finally, Morgan Stanley reaffirmed a “not rated” rating on shares of Romeo Power in a research note on Friday, March 4th.

Romeo Power Company Profile (Get Rating)

Romeo Power, Inc, an energy storage technology company, designs and manufactures lithium-ion battery modules and packs for vehicle electrification in North America. The company designs and manufactures battery modules, battery packs, and battery management system technologies; and provides non-recurring engineering services, such as design, prototype, and testing services.

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Earnings History for Romeo Power (NYSE:RMO)

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