Danimer Scientific (DNMR) Set to Announce Quarterly Earnings on Tuesday

Danimer Scientific (NYSE:DNMR) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.30) per share for the quarter.

Danimer Scientific (NYSE:DNMR) last released its quarterly earnings results on Thursday, March 28th. The company reported ($0.39) EPS for the quarter, hitting the consensus estimate of ($0.39). The business had revenue of $10.95 million during the quarter, compared to analyst estimates of $10.90 million. Danimer Scientific had a negative return on equity of 49.01% and a negative net margin of 333.03%. On average, analysts expect Danimer Scientific to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Danimer Scientific Stock Performance

NYSE:DNMR traded up $0.00 during trading hours on Thursday, reaching $0.74. 80,700 shares of the company’s stock were exchanged, compared to its average volume of 999,088. Danimer Scientific has a 1-year low of $0.60 and a 1-year high of $3.56. The company has a quick ratio of 5.26, a current ratio of 6.87 and a debt-to-equity ratio of 1.37. The company has a 50-day moving average of $1.12 and a 200 day moving average of $1.10. The firm has a market capitalization of $84.43 million, a price-to-earnings ratio of -0.49 and a beta of 1.62.

Analyst Upgrades and Downgrades

DNMR has been the subject of a number of recent analyst reports. Piper Sandler reiterated a “neutral” rating and issued a $1.25 target price (down previously from $3.50) on shares of Danimer Scientific in a research report on Tuesday, April 9th. TD Cowen decreased their target price on shares of Danimer Scientific from $3.00 to $2.00 and set a “buy” rating for the company in a research report on Thursday, April 4th.

About Danimer Scientific

Danimer Scientific, Inc, a performance polymer company, provides bioplastic replacements for traditional petroleum-based plastics in the United States, Germany, Poland, Belgium, Austria, and internationally. It produces polyhydroxyalkanoate, a biodegradable plastic feedstock alternative under the Nodax brand name for applications in films, straws, cutlery, food containers, and others; polylactic acid-based resins for coating disposable paper cups; and other biopolymers.