Oatly Group (OTLY) Scheduled to Post Quarterly Earnings on Monday

Oatly Group (NASDAQ:OTLYGet Rating) is scheduled to be issuing its quarterly earnings data before the market opens on Monday, November 14th. Analysts expect the company to announce earnings of -0.11 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Oatly Group Trading Up 3.6 %

Shares of OTLY opened at 2.04 on Monday. The stock has a fifty day moving average price of 2.63 and a two-hundred day moving average price of 3.35. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.57 and a current ratio of 1.94. Oatly Group has a 52-week low of 1.92 and a 52-week high of 13.64. The company has a market cap of $1.21 billion, a price-to-earnings ratio of -4.34 and a beta of 0.69.

Wall Street Analysts Forecast Growth

OTLY has been the subject of several research analyst reports. Piper Sandler cut their price objective on Oatly Group from $8.00 to $6.00 and set an “overweight” rating for the company in a research report on Wednesday, August 3rd. Credit Suisse Group cut Oatly Group from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $6.00 to $3.43 in a research note on Tuesday, September 13th. Mizuho lowered their target price on Oatly Group from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Wednesday, August 3rd. Barclays lowered their target price on Oatly Group from $6.00 to $5.00 in a research note on Wednesday, August 3rd. Finally, Royal Bank of Canada lowered their target price on Oatly Group from $14.00 to $9.00 and set an “outperform” rating for the company in a research note on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of 10.30.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC bought a new position in Oatly Group during the first quarter worth about $55,000. Cambridge Investment Research Advisors Inc. bought a new position in Oatly Group during the first quarter worth about $55,000. Vanguard Personalized Indexing Management LLC bought a new position in Oatly Group during the second quarter worth about $59,000. Ensign Peak Advisors Inc lifted its holdings in Oatly Group by 48.1% during the first quarter. Ensign Peak Advisors Inc now owns 26,854 shares of the company’s stock worth $135,000 after acquiring an additional 8,716 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Oatly Group during the first quarter worth about $146,000. 22.65% of the stock is currently owned by institutional investors.

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, frozen desserts, ice-creams, and yogurts; ready-to-go drinks, such as cold brew latte, mocha latte, matcha latte, and mini oat drink in original and chocolate flavors; and cooking products, including Cooking Cream, in regular and organic, Crème Fraiche, Whipping Cream, Vanilla Custard and Spreads in a variety of flavors.

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Earnings History for Oatly Group (NASDAQ:OTLY)

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