Zacks: Analysts Expect TMC the metals company Inc. (NASDAQ:TMC) Will Announce Earnings of -$0.11 Per Share

Wall Street brokerages expect TMC the metals company Inc. (NASDAQ:TMCGet Rating) to announce ($0.11) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for TMC the metals’ earnings. The business is scheduled to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that TMC the metals will report full-year earnings of ($0.38) per share for the current fiscal year. For the next year, analysts anticipate that the firm will post earnings of ($0.28) per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow TMC the metals.

Separately, Piper Sandler reduced their target price on TMC the metals from $3.00 to $2.50 in a report on Tuesday, January 11th.

In other news, Director Andrew Hall bought 28,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 30th. The shares were acquired at an average cost of $2.13 per share, with a total value of $59,640.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gerard Barron bought 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 30th. The stock was purchased at an average cost of $2.19 per share, for a total transaction of $50,370.00. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 66,000 shares of company stock worth $137,010.

Hedge funds have recently modified their holdings of the company. Walleye Capital LLC bought a new stake in shares of TMC the metals during the fourth quarter valued at approximately $27,000. Virtu Financial LLC acquired a new position in shares of TMC the metals during the fourth quarter valued at approximately $170,000. Toroso Investments LLC acquired a new position in shares of TMC the metals during the fourth quarter valued at approximately $817,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of TMC the metals during the fourth quarter valued at approximately $50,000. Finally, D. E. Shaw & Co. Inc. acquired a new position in shares of TMC the metals during the fourth quarter valued at approximately $368,000. 67.41% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ TMC traded down $0.20 during trading on Monday, reaching $2.08. The stock had a trading volume of 2,986,663 shares, compared to its average volume of 5,601,577. TMC the metals has a fifty-two week low of $1.15 and a fifty-two week high of $15.39. The business’s 50-day moving average price is $1.96 and its 200-day moving average price is $2.50.

TMC the metals Company Profile (Get Rating)

TMC the metals company Inc engages in the exploration of battery-grade metals. It primarily explores for nickel sulfate, cobalt sulfate, copper, and manganese products. The company, through its subsidiaries, holds exploration rights in three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean.

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

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