LanzaTech Global (NASDAQ:LNZA) Posts Quarterly Earnings Results, Beats Expectations By $16.57 EPS

LanzaTech Global (NASDAQ:LNZA) announced its quarterly earnings results on Thursday. The company reported $15.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.76) by $16.57, FiscalAI reports. The business had revenue of $9.01 million during the quarter, compared to the consensus estimate of $13.10 million. LanzaTech Global had a negative net margin of 76.05% and a negative return on equity of 1,268.15%.

LanzaTech Global Trading Up 2.1%

NASDAQ LNZA traded up $0.13 during trading on Friday, hitting $6.34. The stock had a trading volume of 103,956 shares, compared to its average volume of 69,522. The company has a market capitalization of $63.96 million and a PE ratio of -6.54. LanzaTech Global has a twelve month low of $5.02 and a twelve month high of $44.00. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average price of $6.06 and a 200 day moving average price of $12.18.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on LNZA shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LanzaTech Global in a research note on Friday, July 17th. Zacks Research downgraded shares of LanzaTech Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Wall Street Zen upgraded shares of LanzaTech Global to a “hold” rating in a report on Saturday, May 2nd. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $14.00.

Institutional Investors Weigh In On LanzaTech Global

Several large investors have recently added to or reduced their stakes in LNZA. DRW Securities LLC purchased a new stake in shares of LanzaTech Global during the 4th quarter worth $160,000. Jane Street Group LLC acquired a new position in shares of LanzaTech Global in the 2nd quarter valued at $230,000. Qube Research & Technologies Ltd acquired a new position in LanzaTech Global in the second quarter valued at $27,000. Marshall Wace LLP acquired a new position in LanzaTech Global in the 2nd quarter valued at $82,000. Finally, XTX Topco Ltd boosted its holdings in LanzaTech Global by 380.5% during the second quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock worth $51,000 after buying an additional 149,576 shares in the last quarter. 17.76% of the stock is owned by hedge funds and other institutional investors.

LanzaTech Global Company Profile

LanzaTech Global, Inc is a carbon recycling company that specializes in capturing industrial emissions and converting them into sustainable fuels and chemicals through a proprietary gas fermentation process. By utilizing metal- and microbe-catalyzed conversion technologies, the company transforms waste carbon monoxide and carbon dioxide streams from steel mills, refineries, and other industrial sites into ethanol, jet fuel precursors, and other commodity chemicals. These products can be used as drop-in replacements for petrochemicals, helping to reduce greenhouse gas emissions and advance circular economy initiatives.

Founded in 2005 and headquartered in Skokie, Illinois, LanzaTech has developed its platform through research collaborations and commercial demonstration plants.