-$0.20 EPS Expected for Loop Industries, Inc. (NASDAQ:LOOP) This Quarter

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.

Several hedge funds and other institutional investors have recently bought and sold shares of LOOP. Millennium Management LLC grew its holdings in shares of Loop Industries by 999.9% in the third quarter. Millennium Management LLC now owns 177,040 shares of the financial services provider’s stock worth $2,024,000 after purchasing an additional 160,944 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Loop Industries by 2.8% in the third quarter. Handelsbanken Fonder AB now owns 2,503,462 shares of the financial services provider’s stock worth $28,615,000 after purchasing an additional 68,976 shares during the last quarter. Van ECK Associates Corp grew its holdings in Loop Industries by 24.1% during the 3rd quarter. Van ECK Associates Corp now owns 128,311 shares of the financial services provider’s stock worth $1,467,000 after acquiring an additional 24,917 shares in the last quarter. Advisor Group Holdings Inc. grew its holdings in Loop Industries by 6,058.3% during the 4th quarter. Advisor Group Holdings Inc. now owns 22,293 shares of the financial services provider’s stock worth $273,000 after acquiring an additional 21,931 shares in the last quarter. Finally, Senvest Management LLC bought a new position in Loop Industries during the 3rd quarter worth about $215,000. Hedge funds and other institutional investors own 10.87% of the company’s stock.

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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