Montauk Renewables (MNTK) Set to Announce Earnings on Tuesday

Montauk Renewables (NASDAQ:MNTK) is scheduled to announce its earnings results after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Montauk Renewables (NASDAQ:MNTK) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.07). The firm had revenue of $43.34 million for the quarter, compared to the consensus estimate of $50.63 million. Montauk Renewables had a net margin of 10.22% and a return on equity of 7.52%. During the same period last year, the company posted $0.01 earnings per share. On average, analysts expect Montauk Renewables to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Montauk Renewables Stock Performance

Shares of MNTK traded up $0.08 during mid-day trading on Tuesday, hitting $5.69. The stock had a trading volume of 39,970 shares, compared to its average volume of 279,110. Montauk Renewables has a 52 week low of $3.38 and a 52 week high of $10.86. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.66 and a quick ratio of 1.66. The business has a fifty day moving average price of $5.10 and a 200-day moving average price of $5.02. The firm has a market cap of $817.14 million, a P/E ratio of 44.54 and a beta of -0.21.

Analysts Set New Price Targets

Separately, Scotiabank reaffirmed a “sector perform” rating and set a $6.00 price objective (down from $8.00) on shares of Montauk Renewables in a report on Tuesday, September 3rd.

About Montauk Renewables

Montauk Renewables, Inc, a renewable energy company, engages in recovery and processing of biogas from landfills and other non-fossil fuel sources. It operates in two segments, Renewable Natural Gas and Renewable Electricity Generation. The company develops, owns, and operates renewable natural gas (RNG) projects that captures methane and prevents it from being released into the atmosphere by converting it into either RNG or electrical power for the electrical grid.