What is HC Wainwright's Forecast for AIRJ FY2029 Earnings?

Key Points

• HC Wainwright revised its FY2029 earnings per share (EPS) estimate for AirJoule Technologies to $0.05, down from a previous estimate of $0.06.
• AirJoule Technologies' stock has seen a 1.2% decline recently, with the current share price at $4.96 and a market cap of $277.76 million.
• Insider transactions revealed that CFO Stephen S. Pang sold 7,635 shares, representing a 33.02% decrease in their ownership of the company’s stock.

AirJoule Technologies Corporation (NASDAQ:AIRJ - Free Report) - Equities research analysts at HC Wainwright reduced their FY2029 earnings per share (EPS) estimates for AirJoule Technologies in a report issued on Friday, August 15th. HC Wainwright analyst A. Dayal now forecasts that the company will post earnings of $0.05 per share for the year, down from their prior forecast of $0.06. The consensus estimate for AirJoule Technologies' current full-year earnings is $4.97 per share.

AirJoule Technologies Stock Up 1.1%

Shares of AirJoule Technologies stock traded up $0.05 on Monday, reaching $4.77. The company's stock had a trading volume of 147,912 shares, compared to its average volume of 87,658. The company has a market capitalization of $288.30 million, a P/E ratio of 9.00 and a beta of 0.42. AirJoule Technologies has a 52-week low of $3.74 and a 52-week high of $11.60. The stock has a 50-day moving average price of $4.61 and a 200-day moving average price of $5.39.

AirJoule Technologies (NASDAQ:AIRJ - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $0.13.

Institutional Trading of AirJoule Technologies

A number of institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of AirJoule Technologies by 111.1% in the second quarter. Geode Capital Management LLC now owns 517,203 shares of the company's stock worth $2,395,000 after acquiring an additional 272,253 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its stake in shares of AirJoule Technologies by 66.1% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 145,324 shares of the company's stock worth $1,158,000 after acquiring an additional 57,824 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of AirJoule Technologies in the fourth quarter worth approximately $811,000. Creative Planning acquired a new stake in shares of AirJoule Technologies in the second quarter worth approximately $441,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of AirJoule Technologies by 46.4% in the first quarter. Goldman Sachs Group Inc. now owns 85,150 shares of the company's stock worth $393,000 after acquiring an additional 26,995 shares during the last quarter. 63.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity at AirJoule Technologies

In other news, CFO Stephen S. Pang sold 7,635 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $4.23, for a total value of $32,296.05. Following the completion of the sale, the chief financial officer directly owned 15,490 shares in the company, valued at $65,522.70. The trade was a 33.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 15,036 shares of company stock valued at $63,602 in the last three months. 58.00% of the stock is owned by insiders.

AirJoule Technologies Company Profile

Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.