Roth Capital Expects Reduced Earnings for Piedmont Lithium

Piedmont Lithium Inc. (NASDAQ:PLL - Free Report) - Research analysts at Roth Capital reduced their Q2 2025 earnings estimates for Piedmont Lithium in a research note issued to investors on Monday, May 12th. Roth Capital analyst J. Reagor now forecasts that the mineral exploration company will post earnings per share of ($0.38) for the quarter, down from their prior forecast of ($0.12). The consensus estimate for Piedmont Lithium's current full-year earnings is ($0.91) per share. Roth Capital also issued estimates for Piedmont Lithium's Q3 2025 earnings at ($0.38) EPS, Q4 2025 earnings at ($0.27) EPS, FY2025 earnings at ($1.74) EPS and FY2026 earnings at $0.42 EPS.

Piedmont Lithium (NASDAQ:PLL - Get Free Report) last issued its earnings results on Wednesday, May 7th. The mineral exploration company reported ($0.71) earnings per share for the quarter, missing analysts' consensus estimates of ($0.50) by ($0.21). The business had revenue of $20.00 million for the quarter, compared to the consensus estimate of $36.34 million. Piedmont Lithium had a negative return on equity of 17.74% and a negative net margin of 64.84%.

Separately, Roth Mkm cut their price objective on shares of Piedmont Lithium from $13.00 to $8.25 and set a "neutral" rating for the company in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $12.75.

Piedmont Lithium Price Performance

Shares of NASDAQ:PLL opened at $7.03 on Wednesday. The company has a 50-day moving average price of $6.89 and a two-hundred day moving average price of $8.91. The company has a quick ratio of 1.99, a current ratio of 2.23 and a debt-to-equity ratio of 0.01. Piedmont Lithium has a twelve month low of $5.15 and a twelve month high of $16.59. The firm has a market capitalization of $154.27 million, a PE ratio of -2.12 and a beta of 0.42.

Institutional Investors Weigh In On Piedmont Lithium

Several hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. lifted its position in Piedmont Lithium by 90.0% during the first quarter. American Century Companies Inc. now owns 23,795 shares of the mineral exploration company's stock valued at $150,000 after purchasing an additional 11,270 shares during the last quarter. Eagle Global Advisors LLC bought a new stake in Piedmont Lithium during the first quarter valued at approximately $89,000. Nuveen LLC bought a new stake in Piedmont Lithium during the first quarter valued at approximately $513,000. Charles Schwab Investment Management Inc. lifted its position in Piedmont Lithium by 5.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 157,742 shares of the mineral exploration company's stock valued at $994,000 after purchasing an additional 7,824 shares during the last quarter. Finally, Alps Advisors Inc. lifted its position in Piedmont Lithium by 103.4% during the first quarter. Alps Advisors Inc. now owns 33,637 shares of the mineral exploration company's stock valued at $212,000 after purchasing an additional 17,097 shares during the last quarter. 52.23% of the stock is currently owned by institutional investors.

About Piedmont Lithium

Piedmont Lithium Inc, a development stage company, engages in the exploration and development of resource projects in the United States. The company primarily holds a 100% interest in the Carolina Lithium Project that include an area of approximately 3,706 acres located within the Carolina Tin-Spodumene Belt situated to the northwest of Charlotte, North Carolina in the United States.

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