LanzaTech Global (LNZA) Set to Announce Earnings on Thursday

LanzaTech Global (NASDAQ:LNZA) is scheduled to release its earnings data before the market opens on Thursday, May 9th. Analysts expect LanzaTech Global to post earnings of ($0.12) per share for the quarter. LanzaTech Global has set its FY 2024 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

LanzaTech Global (NASDAQ:LNZA) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.01. The business had revenue of $20.46 million during the quarter, compared to the consensus estimate of $36.50 million. LanzaTech Global had a negative return on equity of 95.22% and a negative net margin of 214.11%. On average, analysts expect LanzaTech Global to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

LanzaTech Global Stock Performance

LNZA opened at $2.85 on Tuesday. The business has a fifty day simple moving average of $2.94 and a 200 day simple moving average of $3.82. The company has a market capitalization of $560.42 million, a PE ratio of -3.03 and a beta of 1.58. LanzaTech Global has a 1 year low of $1.86 and a 1 year high of $8.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 6.22 and a quick ratio of 6.22.

Analysts Set New Price Targets

Several analysts recently issued reports on LNZA shares. Roth Mkm restated a “buy” rating and issued a $6.00 price target on shares of LanzaTech Global in a research note on Monday, March 25th. Seaport Res Ptn restated a “buy” rating on shares of LanzaTech Global in a research note on Friday, March 15th.

Insider Activity

In other news, insider Freya Burton sold 50,225 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $3.24, for a total transaction of $162,729.00. Following the completion of the sale, the insider now directly owns 39,846 shares in the company, valued at approximately $129,101.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

About LanzaTech Global

LanzaTech Global, Inc operates as a nature-based carbon refining company in the United States and internationally. The company transforms waste carbon into the chemical building blocks for consumer goods, such as sustainable fuels, fabrics, and packaging. It is also developing biocatalysts and processes to produce a suite of additional products utilizing novel biocatalysts, including acetone and isopropanol (IPA) and industrial solvents used in various applications, including production of polymers from IPA.