Joby Aviation (JOBY) Set to Announce Quarterly Earnings on Tuesday

Joby Aviation (NYSE:JOBY) will be posting its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Joby Aviation to post earnings of ($0.17) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Joby Aviation (NYSE:JOBY) last issued its earnings results on Wednesday, February 21st. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.02. The company had revenue of $1.03 million for the quarter, compared to the consensus estimate of $1.50 million. During the same period in the prior year, the company earned ($0.14) earnings per share. On average, analysts expect Joby Aviation to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Joby Aviation Stock Performance

JOBY opened at $5.38 on Friday. The company has a fifty day moving average price of $5.12 and a two-hundred day moving average price of $5.72. Joby Aviation has a 1-year low of $4.06 and a 1-year high of $11.98. The company has a market cap of $3.78 billion, a P/E ratio of -6.64 and a beta of 2.04.

Insider Buying and Selling at Joby Aviation

In other news, insider Didier Papadopoulos sold 11,362 shares of Joby Aviation stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $4.96, for a total transaction of $56,355.52. Following the completion of the transaction, the insider now directly owns 68,278 shares in the company, valued at $338,658.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Joeben Bevirt sold 5,757 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $6.03, for a total transaction of $34,714.71. Following the completion of the sale, the chief executive officer now owns 604,437 shares in the company, valued at $3,644,755.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Didier Papadopoulos sold 11,362 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $4.96, for a total value of $56,355.52. Following the transaction, the insider now owns 68,278 shares in the company, valued at $338,658.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 550,832 shares of company stock worth $2,822,382. 49.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised Joby Aviation from an “underweight” rating to a “neutral” rating and set a $5.00 target price for the company in a research report on Friday. One equities research analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $7.67.

Joby Aviation Company Profile

Joby Aviation, Inc, a vertically integrated air mobility company, engages in building an electric vertical takeoff and landing aircraft optimized to deliver air transportation as a service. The company intends to build an aerial ridesharing service, as well as developing an application-based platform that will enable consumers to book rides.