$0.13 EPS Expected for Archaea Energy Inc. (NYSE:LFG) This Quarter

Analysts expect Archaea Energy Inc. (NYSE:LFGGet Rating) to announce $0.13 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Archaea Energy’s earnings. The highest EPS estimate is $0.24 and the lowest is $0.03. The firm is expected to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Archaea Energy will report full-year earnings of $0.58 per share for the current year, with EPS estimates ranging from $0.18 to $1.18. For the next financial year, analysts expect that the company will report earnings of $1.22 per share, with EPS estimates ranging from $0.62 to $2.15. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Archaea Energy.

Archaea Energy (NYSE:LFGGet Rating) last posted its quarterly earnings results on Tuesday, May 10th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.34). The company had revenue of $56.90 million for the quarter, compared to analysts’ expectations of $65.80 million. The company’s revenue for the quarter was up 3456.3% compared to the same quarter last year.

LFG has been the topic of several recent research reports. Zacks Investment Research raised shares of Archaea Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, May 18th. Stifel Nicolaus began coverage on shares of Archaea Energy in a report on Monday, March 7th. They issued a “buy” rating and a $37.00 target price on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $27.60.

Shares of Archaea Energy stock opened at $19.32 on Friday. The stock’s 50 day simple moving average is $20.97 and its 200-day simple moving average is $19.21. Archaea Energy has a 1-year low of $14.30 and a 1-year high of $23.75.

In other Archaea Energy news, Director Renewable Energy Systems Aria sold 14,942,643 shares of the stock in a transaction that occurred on Friday, March 25th. The shares were sold at an average price of $17.04, for a total transaction of $254,622,636.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 36.74% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of LFG. Ares Management LLC acquired a new position in Archaea Energy during the 4th quarter worth approximately $273,151,000. Vanguard Group Inc. lifted its position in shares of Archaea Energy by 195.1% during the 1st quarter. Vanguard Group Inc. now owns 6,101,494 shares of the company’s stock worth $133,806,000 after purchasing an additional 4,034,040 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Archaea Energy by 73.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 5,803,363 shares of the company’s stock worth $106,085,000 after purchasing an additional 2,464,026 shares in the last quarter. Baupost Group LLC MA purchased a new position in Archaea Energy in the third quarter valued at $58,967,000. Finally, Kensico Capital Management Corp raised its stake in Archaea Energy by 12.0% in the fourth quarter. Kensico Capital Management Corp now owns 3,360,999 shares of the company’s stock valued at $61,439,000 after buying an additional 360,999 shares in the last quarter. Institutional investors own 55.87% of the company’s stock.

Archaea Energy Company Profile (Get Rating)

Archaea Energy Inc operates as a renewable natural gas (RNG) and renewable electricity producer in the United States. It owns and operates a diversified portfolio of 23 landfill gas recovery and processing projects across 12 states, including 13 projects that collectively generate approximately 177.3 MW of electric capacity and 10 projects that have capacity to produce approximately 27,480 million of British thermal units per day of pipeline-quality RNG.

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Earnings History and Estimates for Archaea Energy (NYSE:LFG)

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