Equities analysts predict that Loop Industries, Inc. (NASDAQ:LOOP – Get Rating) will report earnings of ($0.20) per share for the current quarter, according to Zacks. Zero analysts have issued estimates for Loop Industries’ earnings, with the highest EPS estimate coming in at ($0.20) and the lowest estimate coming in at ($0.21). Loop Industries reported earnings per share of ($0.32) during the same quarter last year, which would suggest a positive year-over-year growth rate of 37.5%. The company is scheduled to report its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Loop Industries will report full year earnings of ($0.88) per share for the current financial year, with EPS estimates ranging from ($0.90) to ($0.86). For the next year, analysts expect that the company will post earnings of ($0.76) per share, with EPS estimates ranging from ($1.11) to ($0.44). Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Loop Industries.
A number of equities analysts have weighed in on LOOP shares. Raymond James set a $19.50 price target on shares of Loop Industries and gave the stock an “outperform” rating in a research report on Friday, March 11th. Zacks Investment Research raised shares of Loop Industries from a “sell” rating to a “hold” rating in a report on Friday, February 18th.
Shares of LOOP traded up $0.15 during mid-day trading on Tuesday, reaching $7.67. The stock had a trading volume of 15 shares, compared to its average volume of 128,584. The firm has a market cap of $363.47 million, a price-to-earnings ratio of -7.59 and a beta of 1.27. Loop Industries has a 12 month low of $5.90 and a 12 month high of $18.20. The business has a fifty day moving average of $7.93 and a 200 day moving average of $10.70. The company has a debt-to-equity ratio of 0.06, a quick ratio of 9.67 and a current ratio of 9.67.
About Loop Industries (Get Rating)
Loop Industries, Inc, a technology company, focuses on depolymerizing waste polyethylene terephthalate (PET) plastics and polyester fibers into base building blocks. It polymerized monomers into virgin-quality PET plastic for use in food-grade plastic packaging, such as plastic bottles for water and carbonated soft drinks, and containers for food and other consumer products; and polyester fibers, including carpets, clothing, and other polyester textiles.
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