Montauk Renewables (MNTK) Set to Post Earnings on Tuesday

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

Montauk Renewables (NASDAQ:MNTK) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.07). Montauk Renewables had a net margin of 10.22% and a return on equity of 7.52%. The business had revenue of $43.34 million for the quarter, compared to the consensus estimate of $50.63 million. During the same period in the prior year, the business posted $0.01 EPS. 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 Price Performance

Montauk Renewables stock traded up $0.08 during midday trading on Tuesday, hitting $5.69. 39,970 shares of the company’s stock were exchanged, compared to its average volume of 279,110. The company has a market cap of $817.14 million, a P/E ratio of 44.54 and a beta of -0.21. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a 50-day moving average price of $5.10 and a two-hundred day moving average price of $5.02. Montauk Renewables has a 52-week low of $3.38 and a 52-week high of $10.86.

Analyst Ratings Changes

Separately, Scotiabank restated a “sector perform” rating and issued a $6.00 price objective (down from $8.00) on shares of Montauk Renewables in a research 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.