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Origin Materials (ORGN) Set to Announce Quarterly Earnings on Thursday

Origin Materials logo with Oils/Energy background

Origin Materials (NASDAQ:ORGN - Get Free Report) is scheduled to announce its earnings results after the market closes on Thursday, November 14th. Analysts expect the company to announce earnings of ($0.11) per share for the quarter. Origin Materials has set its FY 2024 guidance at EPS.Parties that are interested in registering for the company's conference call can do so using this link.

Origin Materials (NASDAQ:ORGN - Get Free Report) last issued its earnings results on Wednesday, August 14th. The financial services provider reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.02). The firm had revenue of $7.03 million during the quarter. Origin Materials had a negative net margin of 37.93% and a negative return on equity of 14.10%. On average, analysts expect Origin Materials to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Origin Materials Trading Up 2.0 %

Shares of Origin Materials stock traded up $0.03 during trading hours on Thursday, reaching $1.29. The stock had a trading volume of 485,773 shares, compared to its average volume of 1,700,103. The firm has a market capitalization of $187.29 million, a price-to-earnings ratio of -14.00 and a beta of 1.00. Origin Materials has a 1 year low of $0.44 and a 1 year high of $1.90. The company has a current ratio of 13.57, a quick ratio of 13.48 and a debt-to-equity ratio of 0.01. The firm has a 50 day simple moving average of $1.48 and a two-hundred day simple moving average of $1.16.

Analysts Set New Price Targets

Separately, Bank of America upgraded Origin Materials from a "neutral" rating to a "buy" rating and boosted their price target for the company from $1.35 to $3.00 in a report on Friday, August 16th.

Get Our Latest Research Report on Origin Materials

Insider Activity at Origin Materials

In related news, CFO Matthew T. Plavan sold 120,000 shares of Origin Materials stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $1.32, for a total value of $158,400.00. Following the sale, the chief financial officer now directly owns 1,223,088 shares in the company, valued at $1,614,476.16. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 120,400 shares of company stock worth $159,006 in the last 90 days. 3.90% of the stock is currently owned by company insiders.

About Origin Materials

(Get Free Report)

Origin Materials, Inc, together with its subsidiaries, operates as a carbon-negative materials company. The company develops a proprietary biomass conversion platform to convert biomass, or plant-based carbon into building block chemicals chloromethylfurfural and hydrothermal carbon, as well as other oils and extractives and other co-products.

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Earnings History for Origin Materials (NASDAQ:ORGN)

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