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

Montauk Renewables (NASDAQ:MNTK) is set to post its quarterly earnings results after the market closes on Thursday, May 9th. Montauk Renewables has set its FY 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Montauk Renewables (NASDAQ:MNTK) last posted 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 the consensus estimate 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 Price Performance

Shares of NASDAQ:MNTK opened at $4.11 on Wednesday. The company has a market cap of $590.28 million, a price-to-earnings ratio of 37.37 and a beta of -0.40. The business has a 50 day moving average price of $4.30 and a 200 day moving average price of $6.94. The company has a quick ratio of 3.07, a current ratio of 3.07 and a debt-to-equity ratio of 0.22. Montauk Renewables has a twelve month low of $3.38 and a twelve month high of $10.95.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MNTK. Scotiabank reduced their price objective on Montauk Renewables from $9.00 to $8.00 and set a “sector outperform” rating for the company in a research report on Thursday, April 11th. TheStreet downgraded shares of Montauk Renewables from a “c-” rating to a “d+” rating in a report on Wednesday, March 6th. Finally, B. Riley dropped their price objective on shares of Montauk Renewables from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Montauk Renewables has a consensus rating of “Hold” and a consensus target price 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.