Lion Electric (NYSE:LEV – Get Rating) will be posting its quarterly earnings results after the market closes on Tuesday, May 3rd. Analysts expect Lion Electric to post earnings of ($0.04) per share for the quarter.
Lion Electric (NYSE:LEV – Get Rating) last issued its quarterly earnings results on Thursday, February 24th. The company reported ($0.04) earnings per share (EPS) for the quarter. Lion Electric had a negative return on equity of 25.74% and a negative net margin of 75.07%. The company had revenue of $22.87 million for the quarter. On average, analysts expect Lion Electric to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of LEV stock opened at $6.74 on Tuesday. The company has a 50 day moving average of $7.95 and a 200-day moving average of $9.56. Lion Electric has a 12-month low of $6.38 and a 12-month high of $23.45. The firm has a market cap of $1.28 billion, a P/E ratio of -12.44 and a beta of 1.74.
A number of research analysts recently weighed in on LEV shares. Zacks Investment Research lowered shares of Lion Electric from a “hold” rating to a “sell” rating in a research note on Friday, February 4th. National Bank Financial reduced their price objective on shares of Lion Electric from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, February 2nd. Canaccord Genuity Group started coverage on shares of Lion Electric in a research note on Tuesday, March 8th. They issued a “buy” rating and a $12.00 price objective for the company. National Bankshares reduced their price objective on shares of Lion Electric from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, February 2nd. Finally, Raymond James reduced their price objective on shares of Lion Electric from $17.00 to $11.00 and set a “market perform” rating for the company in a research note on Monday, February 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $15.41.
About Lion Electric (Get Rating)
The Lion Electric Company designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-duty urban vehicles in North America. Its products include battery systems, chassis, bus bodies, and truck cabins. The company also distributes truck and bus parts, as well as accessories.
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