Analysts Expect TMC the metals company Inc. (NASDAQ:TMC) Will Announce Earnings of -$0.11 Per Share

Wall Street brokerages expect TMC the metals company Inc. (NASDAQ:TMCGet Rating) to announce earnings per share of ($0.11) for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for TMC the metals’ earnings. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that TMC the metals will report full-year earnings of ($0.38) per share for the current fiscal year. For the next financial year, analysts expect that the business will post earnings of ($0.28) per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover TMC the metals.

TMC the metals (NASDAQ:TMCGet Rating) last posted its quarterly earnings results on Monday, May 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.02.

In related news, CEO Gerard Barron acquired 23,000 shares of the company’s stock in a transaction on Wednesday, March 30th. The shares were acquired at an average cost of $2.19 per share, for a total transaction of $50,370.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Craig Shesky acquired 15,000 shares of the company’s stock in a transaction on Wednesday, March 30th. The shares were bought at an average price of $1.80 per share, for a total transaction of $27,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 66,000 shares of company stock worth $137,010. Company insiders own 30.20% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new stake in shares of TMC the metals during the 3rd quarter worth $38,000. National Asset Management Inc. bought a new stake in TMC the metals in the 3rd quarter valued at about $48,000. Cetera Investment Advisers bought a new stake in TMC the metals in the 3rd quarter valued at about $55,000. Walleye Capital LLC bought a new stake in TMC the metals in the 4th quarter valued at about $27,000. Finally, Baird Financial Group Inc. bought a new stake in TMC the metals in the 4th quarter valued at about $33,000. Institutional investors own 34.01% of the company’s stock.

NASDAQ TMC traded down $0.04 during mid-day trading on Monday, hitting $1.37. The company’s stock had a trading volume of 4,271 shares, compared to its average volume of 4,676,926. The company’s 50 day simple moving average is $2.03 and its 200 day simple moving average is $2.09. TMC the metals has a twelve month low of $1.12 and a twelve month high of $15.39.

TMC the metals Company Profile (Get Rating)

TMC the metals company Inc engages in the exploration of battery-grade metals. It primarily explores for nickel sulfate, cobalt sulfate, copper, and manganese products. The company, through its subsidiaries, holds exploration rights in three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean.

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Earnings History and Estimates for TMC the metals (NASDAQ:TMC)

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