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, May 2nd. Analysts expect MP Materials to post earnings of ($0.01) 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 results on Thursday, February 22nd. The company reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates of ($0.05). MP Materials had a net margin of 9.59% and a return on equity of 3.86%. The firm had revenue of $41.21 million for the quarter, compared to analysts’ expectations 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 Trading Down 2.5 %

NYSE:MP opened at $16.01 on Wednesday. The company’s 50 day moving average price is $15.24 and its 200-day moving average price is $16.38. MP Materials has a 52 week low of $12.68 and a 52 week high of $26.53. The company has a quick ratio of 9.54, a current ratio of 10.42 and a debt-to-equity ratio of 0.50. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 123.15, a PEG ratio of 7.62 and a beta of 2.42.

Analyst Upgrades and Downgrades

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

About MP Materials

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.