Oatly Group (NASDAQ:OTLY – Get Rating) issued its quarterly earnings data on Wednesday. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07), Briefing.com reports. Oatly Group had a negative net margin of 48.68% and a negative return on equity of 32.36%. The company had revenue of $195.10 million for the quarter, compared to the consensus estimate of $181.07 million. During the same period in the previous year, the business earned ($0.13) EPS. Oatly Group’s revenue for the quarter was up 4.9% compared to the same quarter last year. Oatly Group updated its FY 2023 guidance to EPS.
Oatly Group Price Performance
Oatly Group stock opened at $2.15 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.18 and a current ratio of 1.56. The stock has a market capitalization of $1.27 billion, a P/E ratio of -3.71 and a beta of 0.78. Oatly Group has a 1 year low of $1.28 and a 1 year high of $5.80. The company’s fifty day moving average price is $2.33 and its 200 day moving average price is $2.24.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on OTLY. Cowen dropped their target price on Oatly Group from $5.00 to $3.00 in a research note on Monday, November 21st. Cowen reduced their target price on Oatly Group from $5.00 to $3.00 in a research note on Monday, November 21st. Royal Bank of Canada reissued an “outperform” rating and set a $7.00 price target on shares of Oatly Group in a research report on Monday. Mizuho upgraded shares of Oatly Group from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $2.50 to $6.00 in a research note on Wednesday, January 18th. Finally, Piper Sandler lifted their price objective on Oatly Group from $3.00 to $4.00 and gave the company an “overweight” rating in a research note on Tuesday, January 10th.
Institutional Investors Weigh In On Oatly Group
About Oatly Group
Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Sweden. It offers Barista edition oatmilk, oatgurts, frozen desserts, ice-creams, and yogurts; ready-to-go drinks, such as cold brew latte, mocha latte, matcha latte, and mini oat drink in original and chocolate flavors; and cooking products, including Cooking Cream, in regular and organic, Crème Fraiche, Whipping Cream, Vanilla Custard and Spreads in a variety of flavors.
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