Oatly Group (OTLY) Set to Announce Earnings on Wednesday

Oatly Group (NASDAQ:OTLYGet Rating) is set to issue its quarterly earnings data before the market opens on Wednesday, May 4th. Analysts expect the company to announce earnings of -0.14 per share for the quarter. Oatly Group has set its FY 2022 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

Oatly Group (NASDAQ:OTLYGet Rating) last issued its quarterly earnings results on Wednesday, March 9th. The company reported -0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of -0.11 by -0.02. The business had revenue of 185.93 million for the quarter, compared to analyst estimates of 178.02 million. Oatly Group had a negative return on equity of 19.92% and a negative net margin of 33.02%. The firm’s revenue for the quarter was up 46.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.08) EPS. On average, analysts expect Oatly Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of OTLY opened at 3.50 on Wednesday. Oatly Group has a 1 year low of 3.46 and a 1 year high of 29.00. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.32 and a quick ratio of 2.92. The company’s 50-day simple moving average is 5.40 and its 200-day simple moving average is 8.06.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC grew its position in Oatly Group by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 62,070 shares of the company’s stock valued at $938,000 after buying an additional 1,302 shares during the last quarter. Vident Investment Advisory LLC grew its position in Oatly Group by 46.1% in the 4th quarter. Vident Investment Advisory LLC now owns 29,494 shares of the company’s stock valued at $235,000 after buying an additional 9,309 shares during the last quarter. Penserra Capital Management LLC grew its position in Oatly Group by 2,641.9% in the 4th quarter. Penserra Capital Management LLC now owns 15,300 shares of the company’s stock valued at $121,000 after buying an additional 14,742 shares during the last quarter. LPL Financial LLC purchased a new position in Oatly Group in the 4th quarter valued at $159,000. Finally, Bank of America Corp DE purchased a new position in Oatly Group in the 2nd quarter valued at $649,000. Institutional investors and hedge funds own 21.94% of the company’s stock.

Several brokerages recently weighed in on OTLY. Guggenheim reduced their target price on shares of Oatly Group from $21.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, March 10th. Truist Financial reduced their target price on shares of Oatly Group from $15.00 to $10.00 in a report on Tuesday, March 22nd. Mizuho reduced their target price on shares of Oatly Group from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, March 11th. Morgan Stanley dropped their price target on shares of Oatly Group from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, March 10th. Finally, Royal Bank of Canada dropped their price target on shares of Oatly Group from $20.00 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, March 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Oatly Group has an average rating of “Buy” and an average price target of 14.66.

Oatly Group Company Profile (Get Rating)

Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Sweden. It offers Barista edition oatmilk, oatgurts, and frozen desserts and novelties; ready-to-go drinks, such as cold brew latte, mocha latte, matcha latte, and mini oatmilk in original and chocolate flavors; and cooking products, including cooking cream, in regular and organic, crème fraiche, whipping cream, vanilla custard, and spreads in various flavors.

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