MP Materials (MP) Scheduled to Post Quarterly Earnings on Thursday

MP Materials (NYSE:MP) will announce its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.01) per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

MP Materials (NYSE:MP) last released its earnings results on Thursday, February 22nd. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.05). MP Materials had a net margin of 9.59% and a return on equity of 3.86%. The business had revenue of $41.21 million during the quarter, compared to analyst estimates 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 Price Performance

MP Materials stock opened at $15.74 on Thursday. MP Materials has a 52-week low of $12.68 and a 52-week high of $26.53. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 121.09 and a beta of 2.41. The company has a fifty day simple moving average of $15.27 and a 200-day simple moving average of $16.41. The company has a quick ratio of 9.54, a current ratio of 10.42 and a debt-to-equity ratio of 0.50.

Wall Street Analysts Forecast Growth

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

MP Materials Company Profile

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.