LanzaTech Global (LNZA) Set to Announce Earnings on Thursday

LanzaTech Global (NASDAQ:LNZA) is scheduled to be announcing its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter. LanzaTech Global has set its FY 2024 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

LanzaTech Global (NASDAQ:LNZA) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. The firm had revenue of $20.46 million during the quarter, compared to analysts’ expectations of $36.50 million. LanzaTech Global had a negative return on equity of 95.22% and a negative net margin of 214.11%. On average, analysts expect LanzaTech Global to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

LanzaTech Global Trading Up 5.2 %

Shares of LNZA stock opened at $2.85 on Tuesday. The stock has a market capitalization of $560.42 million, a PE ratio of -3.03 and a beta of 1.58. LanzaTech Global has a 1-year low of $1.86 and a 1-year high of $8.70. The business has a 50-day moving average of $2.94 and a 200 day moving average of $3.82. The company has a debt-to-equity ratio of 0.17, a current ratio of 6.22 and a quick ratio of 6.22.

Insider Buying and Selling at LanzaTech Global

In other LanzaTech Global news, insider Freya Burton sold 50,225 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $3.24, for a total transaction of $162,729.00. Following the completion of the transaction, the insider now owns 39,846 shares of the company’s stock, valued at approximately $129,101.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on LNZA shares. Seaport Res Ptn restated a “buy” rating on shares of LanzaTech Global in a report on Friday, March 15th. Roth Mkm restated a “buy” rating and set a $6.00 target price on shares of LanzaTech Global in a report on Monday, March 25th.

About LanzaTech Global

LanzaTech Global, Inc operates as a nature-based carbon refining company in the United States and internationally. The company transforms waste carbon into the chemical building blocks for consumer goods, such as sustainable fuels, fabrics, and packaging. It is also developing biocatalysts and processes to produce a suite of additional products utilizing novel biocatalysts, including acetone and isopropanol (IPA) and industrial solvents used in various applications, including production of polymers from IPA.