Danimer Scientific (DNMR) Set to Announce Quarterly Earnings on Tuesday

Danimer Scientific (NYSE:DNMR) will issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.30) per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Danimer Scientific (NYSE:DNMR) last issued its quarterly earnings results on Thursday, March 28th. The company reported ($0.39) EPS for the quarter, meeting analysts’ consensus estimates of ($0.39). Danimer Scientific had a negative return on equity of 49.01% and a negative net margin of 333.03%. The firm had revenue of $10.95 million for the quarter, compared to analysts’ expectations of $10.90 million. On average, analysts expect Danimer Scientific to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Danimer Scientific Stock Performance

Shares of DNMR opened at $0.81 on Friday. Danimer Scientific has a fifty-two week low of $0.60 and a fifty-two week high of $3.56. The business has a 50-day moving average of $1.10 and a 200 day moving average of $1.09. The company has a debt-to-equity ratio of 1.37, a current ratio of 6.87 and a quick ratio of 5.26.

Shares of Danimer Scientific are set to split on the morning of Friday, May 10th. The 4-3 split was announced on Friday, May 10th. The newly created shares will be distributed to shareholders after the closing bell on Friday, May 10th.

Wall Street Analyst Weigh In

DNMR has been the topic of several research reports. TD Cowen lowered their price target on shares of Danimer Scientific from $3.00 to $2.00 and set a “buy” rating on the stock in a research report on Thursday, April 4th. Piper Sandler reiterated a “neutral” rating and issued a $1.25 price objective (down from $3.50) on shares of Danimer Scientific in a research note on Tuesday, April 9th.

Danimer Scientific Company Profile

Danimer Scientific, Inc, a performance polymer company, provides bioplastic replacements for traditional petroleum-based plastics in the United States, Germany, Poland, Belgium, Austria, and internationally. It produces polyhydroxyalkanoate, a biodegradable plastic feedstock alternative under the Nodax brand name for applications in films, straws, cutlery, food containers, and others; polylactic acid-based resins for coating disposable paper cups; and other biopolymers.