Li-Cycle (LICY) Set to Announce Earnings on Monday

Li-Cycle (NYSE:LICY) will release its earnings data on Monday, September 11th.

Li-Cycle (NYSE:LICY) last announced its quarterly earnings results on Monday, August 14th. The company reported ($0.20) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.20). The company had revenue of $3.60 million during the quarter, compared to analyst estimates of $8.03 million. On average, analysts expect Li-Cycle to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Li-Cycle Stock Up 0.9 %

Shares of NYSE:LICY opened at $4.60 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.80 and a quick ratio of 4.77. The business has a 50 day moving average of $5.28 and a two-hundred day moving average of $5.23. Li-Cycle has a 12-month low of $4.09 and a 12-month high of $7.49.

Wall Street Analysts Forecast Growth

LICY has been the subject of several research analyst reports. Piper Sandler reduced their target price on Li-Cycle from $10.00 to $7.00 in a research note on Monday, June 26th. Wedbush reaffirmed an “outperform” rating and set a $8.00 target price on shares of Li-Cycle in a research note on Tuesday, August 15th. Finally, Chardan Capital reduced their target price on Li-Cycle from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Li-Cycle currently has a consensus rating of “Moderate Buy” and an average price target of $7.38.

Institutional Trading of Li-Cycle

Several large investors have recently made changes to their positions in the company. Clear Street Markets LLC purchased a new stake in Li-Cycle in the 4th quarter valued at $25,000. Tower Research Capital LLC TRC grew its holdings in Li-Cycle by 135.6% in the 1st quarter. Tower Research Capital LLC TRC now owns 5,292 shares of the company’s stock valued at $30,000 after buying an additional 3,046 shares in the last quarter. Captrust Financial Advisors grew its holdings in Li-Cycle by 38.2% in the 1st quarter. Captrust Financial Advisors now owns 5,750 shares of the company’s stock valued at $49,000 after buying an additional 1,590 shares in the last quarter. Cetera Advisor Networks LLC purchased a new stake in Li-Cycle in the 2nd quarter valued at $56,000. Finally, XTX Topco Ltd purchased a new stake in Li-Cycle in the 1st quarter valued at $57,000. 59.71% of the stock is currently owned by hedge funds and other institutional investors.

Li-Cycle Company Profile

Li-Cycle Holdings Corp. engages in the lithium-ion battery resource recovery and lithium-ion battery recycling business in North America. The company offers a mix of cathode and anode battery materials, including lithium, nickel, and cobalt, as well as graphite, copper, and aluminum; and copper and aluminum metals.