MP Materials (MP) to Release Quarterly Earnings on Thursday

MP Materials (NYSE:MP) is set to post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect MP Materials to post earnings of ($0.01) per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

MP Materials (NYSE:MP) last announced its quarterly earnings data on Thursday, February 22nd. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). MP Materials had a return on equity of 3.86% and a net margin of 9.59%. The business had revenue of $41.21 million during the quarter, compared to analyst estimates of $47.40 million. On average, analysts expect MP Materials to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

MP Materials Stock Up 2.6 %

MP opened at $16.42 on Tuesday. The company has a market capitalization of $2.92 billion, a PE ratio of 126.32, a price-to-earnings-growth ratio of 7.62 and a beta of 2.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 10.42 and a quick ratio of 9.54. MP Materials has a fifty-two week low of $12.68 and a fifty-two week high of $26.53. The business has a 50-day moving average of $15.24 and a 200-day moving average of $16.38.

Analyst Ratings Changes

A number of analysts have issued reports on MP shares. Morgan Stanley cut shares of MP Materials from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $26.00 to $15.50 in a research note on Wednesday, March 13th. JPMorgan Chase & Co. cut shares of MP Materials from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $20.00 to $16.00 in a report on Tuesday, April 23rd. Canaccord Genuity Group lowered their target price on shares of MP Materials from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, March 13th. Deutsche Bank Aktiengesellschaft reduced their price target on MP Materials from $17.00 to $15.00 and set a “hold” rating for the company in a research report on Thursday, April 11th. Finally, Jefferies Financial Group lowered their price objective on MP Materials from $36.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, March 19th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $23.64.

MP Materials Company Profile

MP Materials Corp., together with its subsidiaries, produces rare earth materials. The company owns and operates the Mountain Pass Rare Earth mine and processing facility in North America. It holds the mineral rights to the Mountain Pass mine and surrounding areas, as well as intellectual property rights related to the processing and development of rare earth minerals.