Danimer Scientific (DNMR) Set to Announce Earnings on Tuesday

Danimer Scientific (NYSE:DNMR) will be announcing its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.30) per share for the quarter.

Danimer Scientific (NYSE:DNMR) last posted its quarterly earnings results on Thursday, March 28th. The company reported ($0.39) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.39). The business 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 Stock Performance

DNMR stock traded up $0.00 during trading on Thursday, hitting $0.74. 80,700 shares of the company traded hands, compared to its average volume of 999,088. Danimer Scientific has a 1 year low of $0.60 and a 1 year high of $3.56. The company has a debt-to-equity ratio of 1.37, a current ratio of 6.87 and a quick ratio of 5.26. The company has a market cap of $84.43 million, a PE ratio of -0.49 and a beta of 1.62. The stock’s 50-day simple moving average is $1.12 and its 200 day simple moving average is $1.10.

Analyst Upgrades and Downgrades

DNMR has been the subject of several recent research reports. Piper Sandler reiterated a “neutral” rating and issued a $1.25 price objective (down previously from $3.50) on shares of Danimer Scientific in a research note on Tuesday, April 9th. TD Cowen reduced their target price on Danimer Scientific from $3.00 to $2.00 and set a “buy” rating on the stock in a report on Thursday, April 4th.

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.