Danimer Scientific (DNMR) Scheduled to Post Earnings on Tuesday

Danimer Scientific (NYSE:DNMR - Get Free Report) is scheduled to release its earnings data after the market closes on Tuesday, May 7th. Analysts expect Danimer Scientific to post earnings of ($0.30) per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

Danimer Scientific (NYSE:DNMR - Get Free Report) last announced its quarterly earnings data on Thursday, March 28th. The company reported ($0.39) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.39). The company had revenue of $10.95 million during the quarter, compared to analysts' expectations of $10.90 million. Danimer Scientific had a negative net margin of 333.03% and a negative return on equity of 49.01%. On average, analysts expect Danimer Scientific to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Danimer Scientific Trading Up 3.9 %

Shares of DNMR traded up $0.03 during trading hours on Thursday, hitting $0.77. The stock had a trading volume of 510,104 shares, compared to its average volume of 1,005,006. Danimer Scientific has a 12-month low of $0.60 and a 12-month high of $3.56. The firm has a market cap of $87.59 million, a P/E ratio of -0.49 and a beta of 1.62. The company has a debt-to-equity ratio of 1.37, a quick ratio of 5.26 and a current ratio of 6.87. The company's fifty day simple moving average is $1.11 and its 200 day simple moving average is $1.10.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. TD Cowen cut their price objective on Danimer Scientific from $3.00 to $2.00 and set a "buy" rating on the stock in a report on Thursday, April 4th. Piper Sandler restated a "neutral" rating and issued a $1.25 price target (down previously from $3.50) on shares of Danimer Scientific in a report on Tuesday, April 9th.

About Danimer Scientific

Danimer Scientific, Inc, a performance polymer company, provides bioplastic replacements for traditional petroleum-based plastics in the United States, Germany, Poland, Belgium, Austria, and internationally. It produces polyhydroxyalkanoate, a biodegradable plastic feedstock alternative under the Nodax brand name for applications in films, straws, cutlery, food containers, and others; polylactic acid-based resins for coating disposable paper cups; and other biopolymers.