Rivian Automotive (RIVN) to Release Earnings on Thursday

Rivian Automotive (NASDAQ:RIVN - Get Free Report) will likely be releasing its Q4 2024 earnings data after the market closes on Thursday, February 20th. Analysts expect Rivian Automotive to post earnings of ($0.69) per share and revenue of $1.43 billion for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

Rivian Automotive (NASDAQ:RIVN - Get Free Report) last posted its earnings results on Thursday, February 20th. The electric vehicle automaker reported ($0.63) earnings per share for the quarter, topping the consensus estimate of ($0.69) by $0.06. The firm had revenue of $1.73 billion during the quarter, compared to analysts' expectations of $1.43 billion. Rivian Automotive had a negative return on equity of 72.78% and a negative net margin of 121.38%. 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 Down 4.7 %

RIVN stock traded down $0.64 during trading on Friday, hitting $12.97. 70,315,891 shares of the company's stock were exchanged, compared to its average volume of 34,656,977. The business has a 50-day moving average price of $13.56 and a two-hundred day moving average price of $12.53. The stock has a market capitalization of $13.24 billion, a price-to-earnings ratio of -2.32 and a beta of 2.04. Rivian Automotive has a 52-week low of $8.26 and a 52-week high of $18.85. The company has a current ratio of 5.09, a quick ratio of 3.70 and a debt-to-equity ratio of 0.93.

Remove Ads

Insider Buying and Selling

In other Rivian Automotive news, CEO Robert J. Scaringe sold 83,334 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $11.25, for a total value of $937,507.50. Following the completion of the transaction, the chief executive officer now owns 863,361 shares in the company, valued at approximately $9,712,811.25. This represents a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Claire Mcdonough sold 18,501 shares of the firm's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $15.00, for a total value of $277,515.00. Following the completion of the transaction, the chief financial officer now owns 351,900 shares of the company's stock, valued at approximately $5,278,500. This represents a 4.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 366,788 shares of company stock valued at $5,024,431 over the last quarter. Company insiders own 2.51% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on RIVN. Piper Sandler decreased their target price on Rivian Automotive from $21.00 to $19.00 and set an "overweight" rating for the company in a research note on Friday, November 8th. Truist Financial boosted their target price on Rivian Automotive from $12.00 to $14.00 and gave the stock a "hold" rating in a research note on Thursday, January 16th. Robert W. Baird restated a "neutral" rating and set a $16.00 target price (down previously from $18.00) on shares of Rivian Automotive in a research note on Wednesday, December 18th. Baird R W cut Rivian Automotive from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Finally, UBS Group boosted their target price on Rivian Automotive from $11.00 to $14.00 and gave the stock a "neutral" rating in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $15.50.

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.