MP Materials (MP) to Release Quarterly Earnings on Thursday

MP Materials (NYSE:MP) will be releasing its earnings data after the market closes on Thursday, August 1st. Analysts expect MP Materials to post earnings of ($0.09) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

MP Materials (NYSE:MP) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The business had revenue of $48.68 million during the quarter, compared to analyst estimates of $46.00 million. MP Materials had a net margin of 1.62% and a negative return on equity of 0.61%. 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 Trading Down 1.8 %

NYSE MP opened at $13.19 on Wednesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 9.28 and a current ratio of 10.29. The firm has a market cap of $2.18 billion, a PE ratio of -87.93 and a beta of 2.23. MP Materials has a one year low of $12.09 and a one year high of $24.44. The firm’s fifty day moving average is $14.53 and its two-hundred day moving average is $15.36.

Wall Street Analyst Weigh In

A number of research firms have commented on MP. BMO Capital Markets began coverage on shares of MP Materials in a research note on Monday, July 15th. They issued a “market perform” rating and a $16.50 price objective on the stock. Robert W. Baird dropped their price target on shares of MP Materials from $24.00 to $20.00 and set an “outperform” rating on the stock in a research note on Monday, July 15th. Benchmark reiterated a “buy” rating and set a $30.00 price target on shares of MP Materials in a research note on Tuesday, May 14th. Bank of America dropped their price target on shares of MP Materials from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, June 26th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of MP Materials from $17.00 to $15.00 and set a “hold” rating on the stock in a research note on Thursday, April 11th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.50.

Insider Buying and Selling

In related news, Director Andrew A. Mcknight sold 317,750 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $18.07, for a total transaction of $5,741,742.50. Following the sale, the director now owns 86,000 shares of the company’s stock, valued at $1,554,020. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other MP Materials news, Director Andrew A. Mcknight sold 317,750 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $18.07, for a total value of $5,741,742.50. Following the sale, the director now owns 86,000 shares of the company’s stock, valued at $1,554,020. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ryan Corbett sold 50,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $16.93, for a total transaction of $846,500.00. Following the completion of the sale, the chief financial officer now directly owns 325,021 shares in the company, valued at approximately $5,502,605.53. The disclosure for this sale can be found here. 12.60% of the stock is owned by insiders.

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.