New Fortress Energy (NFE) Expected to Announce Quarterly Earnings on Wednesday

New Fortress Energy (NASDAQ:NFE - Get Free Report) is expected to post its Q1 2025 quarterly earnings results before the market opens on Wednesday, May 14th. Analysts expect New Fortress Energy to post earnings of ($0.21) per share for the quarter.

New Fortress Energy (NASDAQ:NFE - Get Free Report) last issued its quarterly earnings data on Monday, March 3rd. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.06 by $0.07. New Fortress Energy had a return on equity of 15.60% and a net margin of 7.84%. The firm had revenue of $679.00 million during the quarter, compared to analyst estimates of $613.24 million. On average, analysts expect New Fortress Energy to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

New Fortress Energy Stock Up 3.8 %

NFE stock traded up $0.23 on Friday, hitting $6.36. 4,020,563 shares of the company's stock were exchanged, compared to its average volume of 5,002,416. The firm has a 50 day moving average price of $7.41 and a two-hundred day moving average price of $10.48. The company has a debt-to-equity ratio of 4.06, a quick ratio of 0.35 and a current ratio of 0.38. New Fortress Energy has a 12-month low of $4.72 and a 12-month high of $29.11. The stock has a market cap of $1.74 billion, a P/E ratio of 6.99 and a beta of 1.45.

Insiders Place Their Bets

In other news, CFO Christopher S. Guinta bought 5,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $8.57 per share, for a total transaction of $42,850.00. Following the purchase, the chief financial officer now directly owns 206,653 shares in the company, valued at approximately $1,771,016.21. This trade represents a 2.48 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 37.10% of the stock is owned by insiders.

Analysts Set New Price Targets

NFE has been the topic of several recent analyst reports. Citigroup decreased their price objective on shares of New Fortress Energy from $34.00 to $8.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft set a $8.00 price objective on shares of New Fortress Energy in a research note on Wednesday, March 12th. Morgan Stanley cut their target price on New Fortress Energy from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 4th. Finally, Stifel Nicolaus lowered their price target on New Fortress Energy from $16.00 to $14.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $13.00.

About New Fortress Energy

New Fortress Energy Inc operates as an integrated gas-to-power energy infrastructure company that provides energy and development services to end-users worldwide. The company operates in two segments, Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation.