Danimer Scientific (DNMR) Set to Announce Quarterly Earnings on Tuesday

Danimer Scientific (NYSE:DNMR) is scheduled to release its earnings data after the market closes on Tuesday, May 7th. Analysts expect Danimer Scientific to post earnings of ($0.30) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Danimer Scientific (NYSE:DNMR) last issued its quarterly earnings results on Thursday, March 28th. The company reported ($0.39) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.39). The business had revenue of $10.95 million for the quarter, compared to the consensus estimate of $10.90 million. Danimer Scientific had a negative return on equity of 49.01% and a negative net margin of 333.03%. On average, analysts expect Danimer Scientific to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Danimer Scientific Price Performance

Shares of NYSE DNMR opened at $0.81 on Friday. The business has a fifty day moving average price of $1.10 and a two-hundred day moving average price of $1.09. The company has a quick ratio of 5.26, a current ratio of 6.87 and a debt-to-equity ratio of 1.37. Danimer Scientific has a fifty-two week low of $0.60 and a fifty-two week high of $3.56.

Danimer Scientific shares are set to split on Friday, May 10th. The 4-3 split was announced on Friday, May 10th. The newly issued shares will be payable to shareholders after the closing bell on Friday, May 10th.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DNMR. TD Cowen reduced their price objective on shares of Danimer Scientific from $3.00 to $2.00 and set a “buy” rating on the stock in a research note on Thursday, April 4th. Piper Sandler reiterated a “neutral” rating and set a $1.25 price target (down previously from $3.50) on shares of Danimer Scientific in a research report on Tuesday, April 9th.

Danimer Scientific Company Profile

Danimer Scientific, Inc, a performance polymer company, provides bioplastic replacements for traditional petroleum-based plastics in the United States, Germany, Poland, Belgium, Austria, and internationally. It produces polyhydroxyalkanoate, a biodegradable plastic feedstock alternative under the Nodax brand name for applications in films, straws, cutlery, food containers, and others; polylactic acid-based resins for coating disposable paper cups; and other biopolymers.