Loop Industries, Inc. (NASDAQ:LOOP - Free Report) - Equities researchers at Cormark raised their FY2028 earnings per share estimates for shares of Loop Industries in a research note issued on Monday, June 2nd. Cormark analyst N. Boychuk now forecasts that the financial services provider will post earnings of $0.15 per share for the year, up from their previous forecast of $0.14. The consensus estimate for Loop Industries' current full-year earnings is ($0.47) per share. Cormark also issued estimates for Loop Industries' FY2029 earnings at $0.26 EPS.
Loop Industries (NASDAQ:LOOP - Get Free Report) last released its earnings results on Thursday, May 29th. The financial services provider reported $0.14 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.23. Loop Industries had a negative return on equity of 350.30% and a negative net margin of 21,561.11%. The company had revenue of $10.81 million for the quarter, compared to analysts' expectations of $0.03 million.
Loop Industries Stock Up 3.0%
NASDAQ:LOOP traded up $0.05 on Tuesday, hitting $1.73. 259,080 shares of the company's stock traded hands, compared to its average volume of 428,847. The company has a market cap of $82.55 million, a PE ratio of -3.09 and a beta of 1.77. The firm has a 50-day moving average price of $1.08 and a 200-day moving average price of $1.19. Loop Industries has a 1 year low of $0.85 and a 1 year high of $2.61. The company has a current ratio of 0.12, a quick ratio of 0.11 and a debt-to-equity ratio of 0.93.
Institutional Investors Weigh In On Loop Industries
Large investors have recently made changes to their positions in the company. CacheTech Inc. bought a new stake in shares of Loop Industries in the 4th quarter valued at approximately $30,000. Virtu Financial LLC bought a new stake in shares of Loop Industries in the 4th quarter valued at approximately $33,000. Millennium Management LLC bought a new stake in shares of Loop Industries in the 4th quarter valued at approximately $41,000. 4WEALTH Advisors Inc. bought a new stake in shares of Loop Industries in the 4th quarter valued at approximately $60,000. Finally, Towneley Capital Management Inc DE bought a new stake in shares of Loop Industries in the 1st quarter valued at approximately $78,000. Institutional investors own 4.89% of the company's stock.
Loop Industries Company Profile
(
Get Free Report)
Loop Industries, Inc, a technology company, focuses on depolymerizing waste polyethylene terephthalate PET plastics and polyester fibers, including plastic bottles, packaging, carpets and textiles of any color, transparency and even ocean plastics that have been degraded by the sun and salt, to its base building blocks.
Recommended Stories
Before you consider Loop Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Loop Industries wasn't on the list.
While Loop Industries currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
