Romeo Power (RMO) Set to Announce Quarterly Earnings on Monday

Romeo Power (NYSE:RMOGet Rating) is scheduled to be posting its quarterly earnings results after the market closes on Monday, May 9th. Romeo Power has set its FY 2022 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

Romeo Power (NYSE:RMOGet Rating) last released its earnings results on Tuesday, March 1st. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.06). The business had revenue of $9.07 million for the quarter, compared to the consensus estimate of $6.48 million. Romeo Power had a negative return on equity of 38.19% and a net margin of 35.15%.

NYSE RMO opened at $1.10 on Monday. The stock has a market cap of $147.55 million, a PE ratio of 36.67 and a beta of 0.97. Romeo Power has a 12 month low of $1.04 and a 12 month high of $10.74. The company’s 50-day moving average price is $1.45 and its 200-day moving average price is $2.83. The company has a current ratio of 7.58, a quick ratio of 5.98 and a debt-to-equity ratio of 0.01.

In other Romeo Power news, major shareholder Borgwarner Inc sold 1,420,046 shares of the firm’s stock in a transaction dated Monday, February 28th. The shares were sold at an average price of $1.80, for a total transaction of $2,556,082.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders have sold 3,925,445 shares of company stock worth $7,196,933. 18.60% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in the company. Squarepoint Ops LLC bought a new position in shares of Romeo Power in the 4th quarter worth $65,000. Credit Suisse AG grew its stake in Romeo Power by 10.4% in the fourth quarter. Credit Suisse AG now owns 60,154 shares of the company’s stock valued at $219,000 after purchasing an additional 5,689 shares during the last quarter. American International Group Inc. raised its holdings in Romeo Power by 194.2% in the third quarter. American International Group Inc. now owns 68,937 shares of the company’s stock worth $341,000 after purchasing an additional 45,508 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Romeo Power during the fourth quarter valued at about $385,000. Finally, Rhumbline Advisers lifted its position in shares of Romeo Power by 11.0% during the fourth quarter. Rhumbline Advisers now owns 108,455 shares of the company’s stock valued at $396,000 after buying an additional 10,715 shares during the last quarter. Institutional investors and hedge funds own 49.56% of the company’s stock.

A number of brokerages have commented on RMO. Morgan Stanley restated a “not rated” rating on shares of Romeo Power in a research note on Friday, March 4th. Zacks Investment Research cut Romeo Power from a “buy” rating to a “hold” rating in a research note on Thursday, January 20th. Finally, BTIG Research downgraded Romeo Power from a “buy” rating to a “neutral” rating in a report on Wednesday, March 2nd.

About Romeo Power (Get Rating)

Romeo Power, Inc, an energy storage technology company, designs and manufactures lithium-ion battery modules and packs for vehicle electrification in North America. The company designs and manufactures battery modules, battery packs, and battery management system technologies; and provides non-recurring engineering services, such as design, prototype, and testing services.

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Earnings History for Romeo Power (NYSE:RMO)

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