Marrone Bio Innovations, Inc provides bio-based pest management and plant health products primarily for agricultural and water markets in the United States and internationally. It offers herbicides; fungicides; nematicides; insecticides; algaecides for algae control; molluscicides for mussel and snail control; plant growth and stress regulators; and water treatment products for various applications, such as hydroelectric and thermoelectric power generation, industrial applications, drinking water, aquaculture, irrigation, and recreation.
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Industry, Sector and Symbol
Industry Agricultural chemicals
Sub-IndustryN/A
SectorBasic Materials
Phone530-750-2800
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$21.22 million
Profitability
Miscellaneous
Employees113
Next Earnings Date11/12/2019 (Estimated)
OptionableNot Optionable
Marrone Bio Innovations (NASDAQ:MBII) Frequently Asked Questions
What is Marrone Bio Innovations' stock symbol?
Marrone Bio Innovations trades on the NASDAQ under the ticker symbol "MBII."
How were Marrone Bio Innovations' earnings last quarter?
Marrone Bio Innovations Inc (NASDAQ:MBII) released its quarterly earnings results on Thursday, August, 8th. The basic materials company reported ($0.06) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.04) by $0.02. The basic materials company had revenue of $7 million for the quarter, compared to the consensus estimate of $9.01 million. Marrone Bio Innovations had a negative net margin of 86.09% and a negative return on equity of 193.23%. View Marrone Bio Innovations' Earnings History.
When is Marrone Bio Innovations' next earnings date?
What price target have analysts set for MBII?
3 equities research analysts have issued 12-month target prices for Marrone Bio Innovations' shares. Their predictions range from $2.00 to $2.50. On average, they anticipate Marrone Bio Innovations' share price to reach $2.33 in the next twelve months. This suggests a possible upside of 67.9% from the stock's current price. View Analyst Price Targets for Marrone Bio Innovations.
What is the consensus analysts' recommendation for Marrone Bio Innovations?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marrone Bio Innovations in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Marrone Bio Innovations.
What are Wall Street analysts saying about Marrone Bio Innovations stock?
Here are some recent quotes from research analysts about Marrone Bio Innovations stock:
- 1. HC Wainwright analysts commented, "We have not yet incorporated the effect of the financing and the proposed acquisition in our model. If, and when, the transaction closes, we believe that the company’s revenues for 2019 should be expected to be higher, relative to our current expectation, by single-digit millions. Currently, we are projecting MBII to generate revenues of $30.3M in 2019. We expect revenues to reach $160.7M in 2025, growing at a six-year CAGR of 32.0%, relative to 2019 levels. We are estimating gross margin to stay at 55-56% level for the next several years." (8/12/2019)
- 2. National Securities analysts commented, "Second Quarter Results. Revenue of $7.0 million grew 22% YoY but missed consensus estimates of $8.3 million, while gross margins improved and adjusted operating expenses remained roughly flat sequentially. Overall, the second quarter continued the trend of directional improvement, but the scale of the improvement was a modest disappointment to us especially when considering what were favorable comps off of a weak second quarter of 2018.
Acquisition Of Pro Farm The Highlight. Most significantly, MBII announced its acquisition of a biostimulant peer Pro Farm Technologies for $31.8 million. The acquisition expands MBII’s presence in the high growth seed treatment market and diversifies its product offering away from biopesticides with a second biostimulant offering.
Supportive Of The Transaction. We are bullish on the seed treatment market over both the near and long term and believe additional exposure can create meaningful shareholder value. Furthermore, given our estimates for the financial impact, the acquisition enhances our belief that MBII will pivot to cash flow breakeven in 2021. We had previously modeled MBII to operate at Adjusted EBITDA breakeven in 2021. With the transaction, we look for 2021 to now generate a modest EBITDA profit.
Long Term Value Creation. With the integration of Pro Farms and collaborations with other commercial partners, MBII is targeting a more diverse product portfolio that broadens its biological offerings beyond biopesticides to include biostimulants and biofertilizers. Should scale develop as we believe it can over the mid-term, we believe MBII will look increasingly attractive to larger peers which may generate meaningful value for long term shareholders." (8/9/2019)
- 3. Aegis analysts commented, "We think Marrone Bio has a scalable, repeatable business model. We think Marrone Bio’s roots are in innovation, with an organization that is heavy on research talent, with a tenured management team of industry veterans. In recent years, Marrone’s focus has been on commercializing this R&D investment, and the company has a portfolio of commercial products on the market. Marrone Bio’s model consists of discovering novel bio-based compounds, refining them with in-house expertise and laboratory equipment, and introducing them to the commercial sphere. We think Marrone can continue to execute on this strategy as it moves increasingly close to profitability." (7/24/2019)
- 4. According to Zacks Investment Research, "Marrone Bio Innovations Inc. develops environmentally safe bio-based products. The Company specializes in the discovery, development, and marketing of natural products for weed, pest, water resource, and plant disease management. It offers crop protection products for conventional and organic crop production, including herbicides for weed control, fungicides for plant disease control, nematicides for parasitic roundworm control, insecticides for insect and mite killers and plant growth regulators that growers use to increase crop yields, enhance plant health, manage pest resistance, and reduce chemical residues. Marrone Bio Innovations Inc. is headquartered in Davis, California. " (11/29/2018)
Has Marrone Bio Innovations been receiving favorable news coverage?
News articles about MBII stock have been trending negative recently, according to InfoTrie. The research group identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Marrone Bio Innovations earned a daily sentiment score of -2.5 on InfoTrie's scale. They also assigned media stories about the basic materials company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the near term. View News Stories for Marrone Bio Innovations.
Are investors shorting Marrone Bio Innovations?
Marrone Bio Innovations saw a decline in short interest in September. As of September 30th, there was short interest totalling 2,190,000 shares, a decline of 9.9% from the August 30th total of 2,430,000 shares. Based on an average daily trading volume, of 133,000 shares, the short-interest ratio is presently 16.5 days. Currently, 3.0% of the shares of the company are short sold. View Marrone Bio Innovations' Current Options Chain.
Who are some of Marrone Bio Innovations' key competitors?
Some companies that are related to Marrone Bio Innovations include American Vanguard (AVD), CVR Partners (UAN), Calyxt (CLXT), Wynnstay Group (WYN), Evogene (EVGN), Arcadia Biosciences (RKDA), SenesTech (SNES), China Green Agriculture (CGA), Eden Research (EDEN), Bion Environmental Technologies (BNET), Kiwa Bio-Tech Products Group (KWBT) and Cavitation Technologies (CVAT).
What other stocks do shareholders of Marrone Bio Innovations own?
Who are Marrone Bio Innovations' key executives?
Marrone Bio Innovations' management team includes the folowing people:
- Dr. Pamela G. Marrone, Founder, CEO & Director (Age 62)
- Mr. James B. Boyd, Pres & CFO (Age 66)
- Ms. Linda V. Moore, Chief Compliance Officer, Gen. Counsel, Exec. VP & Sec. (Age 72)
- Dr. Amit Vasavada Ph.D., Sr. VP of R&D and CTO (Age 64)
- Andre Trepanier, Director of Marketing
Who are Marrone Bio Innovations' major shareholders?
Marrone Bio Innovations' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Essex Investment Management Co. LLC (0.46%). Company insiders that own Marrone Bio Innovations stock include Ardsley Advisory Partners, Van Herk Investments BV and Waddell & Reed Financial Inc. View Institutional Ownership Trends for Marrone Bio Innovations.
Which institutional investors are selling Marrone Bio Innovations stock?
How do I buy shares of Marrone Bio Innovations?
Shares of MBII can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is Marrone Bio Innovations' stock price today?
One share of MBII stock can currently be purchased for approximately $1.39.
How big of a company is Marrone Bio Innovations?
Marrone Bio Innovations has a market capitalization of $153.91 million and generates $21.22 million in revenue each year. The basic materials company earns $-20,210,000.00 in net income (profit) each year or ($0.21) on an earnings per share basis. Marrone Bio Innovations employs 113 workers across the globe.View Additional Information About Marrone Bio Innovations.
What is Marrone Bio Innovations' official website?
How can I contact Marrone Bio Innovations?
Marrone Bio Innovations' mailing address is 1540 Drew Avenue, Davis CA, 95618. The basic materials company can be reached via phone at 530-750-2800 or via email at [email protected]
MarketBeat Community Rating for Marrone Bio Innovations (NASDAQ MBII)
MarketBeat's community ratings are surveys of what our community members think about Marrone Bio Innovations and other stocks. Vote "Outperform" if you believe MBII will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MBII will underperform the S&P 500 over the long term. You may vote once every thirty days.
