Montauk Renewables (MNTK) Projected to Post Quarterly Earnings on Thursday

Montauk Renewables (NASDAQ:MNTK - Get Free Report) is projected to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, May 8th. Analysts expect Montauk Renewables to post earnings of $0.01 per share and revenue of $42.40 million for the quarter. Montauk Renewables has set its FY 2025 guidance at EPS.

Montauk Renewables (NASDAQ:MNTK - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.11). The business had revenue of $27.74 million for the quarter, compared to analyst estimates of $59.92 million. Montauk Renewables had a net margin of 11.80% and a return on equity of 8.88%. 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

Shares of MNTK stock traded up $0.11 during trading hours on Friday, hitting $2.24. 86,473 shares of the company's stock were exchanged, compared to its average volume of 215,298. Montauk Renewables has a 52 week low of $1.75 and a 52 week high of $6.22. The stock has a market cap of $321.07 million, a price-to-earnings ratio of 14.00 and a beta of 0.05. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.04 and a quick ratio of 2.04. The stock's 50-day moving average is $2.37 and its 200-day moving average is $3.75.

Montauk Renewables announced that its board has authorized a stock repurchase plan on Tuesday, April 15th that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 1.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MNTK. Scotiabank decreased their price target on shares of Montauk Renewables from $6.00 to $4.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. UBS Group lowered their target price on Montauk Renewables from $6.25 to $3.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Finally, B. Riley cut their price target on Montauk Renewables from $4.00 to $3.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th.

Montauk Renewables Company Profile

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.