FY2024 EPS Estimates for TMC the metals company Inc. (NASDAQ:TMC) Lowered by Analyst

TMC the metals company Inc. (NASDAQ:TMCFree Report) – Stock analysts at Wedbush reduced their FY2024 EPS estimates for shares of TMC the metals in a research report issued on Wednesday, May 15th. Wedbush analyst D. Ives now expects that the company will post earnings per share of ($0.25) for the year, down from their previous estimate of ($0.23). Wedbush has a “Neutral” rating and a $4.00 price objective on the stock. The consensus estimate for TMC the metals’ current full-year earnings is ($0.20) per share. Wedbush also issued estimates for TMC the metals’ Q2 2025 earnings at ($0.01) EPS and FY2025 earnings at ($0.06) EPS.

TMC the metals Trading Up 3.6 %

Shares of NASDAQ:TMC opened at $1.43 on Monday. The company has a market cap of $458.33 million, a price-to-earnings ratio of -5.11 and a beta of 1.74. The company has a 50-day moving average price of $1.60 and a 200-day moving average price of $1.37. TMC the metals has a 12 month low of $0.65 and a 12 month high of $3.20.

TMC the metals (NASDAQ:TMCGet Free Report) last posted its quarterly earnings data on Monday, March 25th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.05.

Institutional Investors Weigh In On TMC the metals

Institutional investors have recently made changes to their positions in the company. Barclays PLC grew its holdings in shares of TMC the metals by 142.0% during the third quarter. Barclays PLC now owns 35,065 shares of the company’s stock valued at $34,000 after buying an additional 20,573 shares during the last quarter. Swiss National Bank purchased a new stake in TMC the metals in the third quarter worth approximately $245,000. Arizona State Retirement System purchased a new stake in TMC the metals in the third quarter worth approximately $32,000. Ancora Advisors LLC purchased a new stake in TMC the metals in the third quarter worth approximately $50,000. Finally, Virtu Financial LLC purchased a new stake in TMC the metals in the first quarter worth approximately $45,000. Hedge funds and other institutional investors own 4.39% of the company’s stock.

Insider Buying and Selling

In related news, insider Anthony O’sullivan sold 50,000 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $1.33, for a total value of $66,500.00. Following the completion of the transaction, the insider now directly owns 946,829 shares of the company’s stock, valued at $1,259,282.57. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other TMC the metals news, insider Anthony O’sullivan sold 50,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $1.33, for a total value of $66,500.00. Following the sale, the insider now owns 946,829 shares in the company, valued at $1,259,282.57. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Craig Shesky sold 233,424 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $1.61, for a total transaction of $375,812.64. Following the completion of the sale, the chief financial officer now owns 947,242 shares in the company, valued at approximately $1,525,059.62. The disclosure for this sale can be found here. 30.00% of the stock is owned by insiders.

About TMC the metals

(Get Free Report)

TMC the metals company Inc, a deep-sea minerals exploration company, focuses on the collection, processing, and refining of polymetallic nodules found on the seafloor in the Clarion Clipperton Zone (CCZ) in the south-west of San Diego, California. It primarily explores for nickel, cobalt, copper, and manganese products.

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Earnings History and Estimates for TMC the metals (NASDAQ:TMC)

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