Rivian Automotive (RIVN) Scheduled to Post Earnings on Thursday

Rivian Automotive (NASDAQ:RIVN - Get Free Report) will announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.89) per share for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Rivian Automotive (NASDAQ:RIVN - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The electric vehicle automaker reported ($1.39) EPS for the quarter, missing the consensus estimate of ($1.25) by ($0.14). Rivian Automotive had a negative net margin of 115.50% and a negative return on equity of 65.40%. The firm had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.17 billion. On average, analysts expect Rivian Automotive to post $-5 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Rivian Automotive Stock Performance

Rivian Automotive stock traded down $0.29 during trading on Thursday, hitting $10.10. The stock had a trading volume of 25,640,488 shares, compared to its average volume of 38,890,461. The stock has a market cap of $10.18 billion, a price-to-earnings ratio of -1.69 and a beta of 2.03. The stock's 50 day moving average is $11.88 and its two-hundred day moving average is $12.27. Rivian Automotive has a 1 year low of $8.26 and a 1 year high of $24.61. The company has a quick ratio of 4.01, a current ratio of 5.25 and a debt-to-equity ratio of 0.81.

Insider Activity at Rivian Automotive

In related news, CEO Robert J. Scaringe sold 83,333 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $13.68, for a total value of $1,139,995.44. Following the transaction, the chief executive officer now owns 886,526 shares of the company's stock, valued at $12,127,675.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Robert J. Scaringe sold 83,333 shares of the firm's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $13.68, for a total transaction of $1,139,995.44. Following the transaction, the chief executive officer now directly owns 886,526 shares of the company's stock, valued at approximately $12,127,675.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Claire Mcdonough sold 3,210 shares of the firm's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $13.57, for a total value of $43,559.70. Following the transaction, the chief financial officer now directly owns 392,662 shares in the company, valued at $5,328,423.34. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 169,876 shares of company stock valued at $2,153,551 over the last 90 days. 2.51% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wedbush restated an "outperform" rating and set a $20.00 target price on shares of Rivian Automotive in a research report on Wednesday, August 7th. Barclays dropped their target price on Rivian Automotive from $16.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 15th. UBS Group dropped their target price on Rivian Automotive from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 7th. Truist Financial dropped their target price on Rivian Automotive from $16.00 to $12.00 and set a "hold" rating on the stock in a research report on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $14.00 target price on shares of Rivian Automotive in a research report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $17.09.

About Rivian Automotive

Rivian Automotive, Inc, together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories. The company offers consumer vehicles, including a two-row, five-passenger pickup truck under the R1T brand, a three-row, seven-passenger sport utility vehicle under the R1S name.