Montauk Renewables (MNTK) Set to Announce Quarterly Earnings on Thursday

Montauk Renewables (NASDAQ:MNTK) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, May 9th. Montauk Renewables has set its FY 2024 guidance at EPS.Parties interested in participating in the company’s conference call can do so using this link.

Montauk Renewables (NASDAQ:MNTK) last released its quarterly earnings data on Thursday, March 14th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Montauk Renewables had a return on equity of 6.32% and a net margin of 8.55%. The business had revenue of $46.81 million during the quarter, compared to analyst estimates of $52.86 million. On average, analysts expect Montauk Renewables to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Montauk Renewables Stock Up 4.6 %

MNTK stock opened at $4.11 on Wednesday. The firm has a fifty day moving average price of $4.30 and a two-hundred day moving average price of $6.94. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.07 and a quick ratio of 3.07. Montauk Renewables has a 1-year low of $3.38 and a 1-year high of $10.95. The firm has a market cap of $590.28 million, a price-to-earnings ratio of 37.37 and a beta of -0.40.

Analysts Set New Price Targets

MNTK has been the subject of a number of recent research reports. B. Riley lowered their price objective on shares of Montauk Renewables from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Tuesday. Scotiabank dropped their price target on Montauk Renewables from $9.00 to $8.00 and set a “sector outperform” rating on the stock in a research report on Thursday, April 11th. Finally, TheStreet lowered Montauk Renewables from a “c-” rating to a “d+” rating in a research report on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $7.75.

Montauk Renewables Company Profile

Montauk Renewables, Inc, a renewable energy company, engages in recovery and processing of biogas from landfills and other non-fossil fuel sources. It operates in two segments, Renewable Natural Gas and Renewable Electricity Generation. The company develops, owns, and operates renewable natural gas (RNG) projects that captures methane and prevents it from being released into the atmosphere by converting it into either RNG or electrical power for the electrical grid.