Rivian Automotive (RIVN) Scheduled to Post Earnings on Tuesday

Rivian Automotive (NASDAQ:RIVN) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($1.13) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Rivian Automotive (NASDAQ:RIVN) last issued its earnings results on Wednesday, February 21st. The electric vehicle automaker reported ($1.58) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.67) by $0.09. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Rivian Automotive had a negative net margin of 122.51% and a negative return on equity of 45.97%. On average, analysts expect Rivian Automotive to post $-5 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Rivian Automotive Trading Up 2.4 %

NASDAQ RIVN opened at $10.07 on Friday. Rivian Automotive has a one year low of $8.26 and a one year high of $28.06. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.90 and a current ratio of 4.95. The company has a market capitalization of $9.84 billion, a price-to-earnings ratio of -1.75 and a beta of 1.91. The company’s 50-day simple moving average is $10.40 and its two-hundred day simple moving average is $15.15.

Insider Transactions at Rivian Automotive

In other Rivian Automotive news, CAO Jeff Baker sold 31,425 shares of Rivian Automotive stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $13.18, for a total transaction of $414,181.50. Following the completion of the sale, the chief accounting officer now directly owns 52,415 shares in the company, valued at approximately $690,829.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Claire Mcdonough sold 2,946 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $16.20, for a total value of $47,725.20. Following the sale, the chief financial officer now owns 155,749 shares in the company, valued at $2,523,133.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jeff Baker sold 31,425 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $13.18, for a total value of $414,181.50. Following the sale, the chief accounting officer now directly owns 52,415 shares in the company, valued at $690,829.70. The disclosure for this sale can be found here. Insiders sold a total of 54,306 shares of company stock worth $717,274 over the last three months. 2.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Mizuho reissued a “neutral” rating and issued a $12.00 price objective on shares of Rivian Automotive in a research note on Monday, March 25th. JPMorgan Chase & Co. cut Rivian Automotive from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $20.00 to $11.00 in a research note on Thursday, February 22nd. Jefferies Financial Group initiated coverage on Rivian Automotive in a research note on Thursday, March 7th. They issued a “buy” rating and a $16.00 target price on the stock. Piper Sandler upgraded shares of Rivian Automotive from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $15.00 to $21.00 in a report on Friday, March 15th. Finally, Stifel Nicolaus lowered their price target on shares of Rivian Automotive from $23.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.57.

About Rivian Automotive

Rivian Automotive, Inc, together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories. The company offers consumer vehicles, including a two-row, five-passenger pickup truck under the R1T brand, a three-row, seven-passenger sport utility vehicle under the R1S name.