Oatly Group (NASDAQ:OTLY) Issues Earnings Results, Beats Expectations By $0.52 EPS

Oatly Group (NASDAQ:OTLY - Get Free Report) issued its earnings results on Thursday, April 30th. The company reported ($0.38) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.90) by $0.52, Zacks reports. The company had revenue of $228.33 million for the quarter, compared to analysts' expectations of $214.61 million. Oatly Group had a negative net margin of 17.06% and a negative return on equity of 432.75%.

Oatly Group Stock Up 1.5%

Shares of Oatly Group stock opened at $10.00 on Thursday. The firm's 50 day moving average price is $10.95 and its 200-day moving average price is $11.57. The company has a quick ratio of 0.32, a current ratio of 0.45 and a debt-to-equity ratio of 43.43. Oatly Group has a 52-week low of $9.40 and a 52-week high of $18.84. The company has a market cap of $312.25 million, a P/E ratio of -2.00 and a beta of 1.89.

Institutional Investors Weigh In On Oatly Group

Several institutional investors have recently bought and sold shares of the company. UBS Group AG grew its holdings in Oatly Group by 1.5% in the third quarter. UBS Group AG now owns 646,591 shares of the company's stock worth $10,475,000 after purchasing an additional 9,620 shares during the last quarter. Credit Agricole S A purchased a new stake in shares of Oatly Group during the 3rd quarter valued at $2,098,000. Renaissance Technologies LLC acquired a new stake in shares of Oatly Group in the 4th quarter worth $315,000. Goldman Sachs Group Inc. boosted its position in shares of Oatly Group by 80.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 27,481 shares of the company's stock worth $294,000 after purchasing an additional 12,249 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in Oatly Group during the 4th quarter worth $252,000. 68.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on OTLY shares. Morgan Stanley set a $12.55 price target on shares of Oatly Group in a report on Thursday, April 30th. Barclays set a $14.00 price objective on shares of Oatly Group and gave the company an "overweight" rating in a research note on Tuesday, April 14th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Oatly Group in a research note on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $14.64.

Oatly Group Company Profile

Oatly Group is a Sweden-based food and beverage company specializing in the development, production and sale of oat-derived dairy alternatives. The company’s product lineup includes oat-based drinks, ice cream, yogurts, spreads and cooking creams, all marketed under the Oatly brand name. By leveraging proprietary processing technology, Oatly extracts the nutritional benefits of oats—such as soluble fiber and plant protein—while delivering taste and texture profiles that closely mimic traditional dairy products.

Founded in 1994 as a spin-off from research at Lund University, Oatly initially focused on exploiting the health and functional benefits of oat beta-glucans.