Oatly Group (NASDAQ:OTLY – Get Free Report) announced its quarterly earnings results on Tuesday. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01, Yahoo Finance reports. The company had revenue of $199.16 million during the quarter, compared to analysts’ expectations of $198.43 million. Oatly Group had a negative return on equity of 36.51% and a negative net margin of 49.19%. During the same period in the prior year, the business posted ($0.13) EPS. Oatly Group updated its FY 2024 guidance to EPS.
Oatly Group Trading Up 1.7 %
NASDAQ:OTLY opened at $1.17 on Thursday. Oatly Group has a twelve month low of $0.44 and a twelve month high of $2.39. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of 0.56. The business has a 50 day moving average price of $1.04 and a two-hundred day moving average price of $1.00.
Analyst Upgrades and Downgrades
OTLY has been the subject of a number of recent analyst reports. DA Davidson initiated coverage on Oatly Group in a research note on Friday, March 1st. They issued a “buy” rating and a $1.50 price target for the company. Morgan Stanley reiterated an “equal weight” rating and issued a $1.25 price objective on shares of Oatly Group in a research report on Tuesday, February 20th. Finally, Royal Bank of Canada boosted their price objective on Oatly Group from $0.63 to $1.05 and gave the company a “sector perform” rating in a research report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Oatly Group currently has an average rating of “Hold” and an average price target of $2.11.
Oatly Group Company Profile
Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Europe, the Middle East, Africa, the Americas, and Asia. It offers Barista edition oatmilk, oatgurts, frozen desserts, ice-creams, and yogurts; cooking products, including cooking cream, in regular and organic, Crème Fraiche, whipping cream, vanilla custard, and spreads in a variety of flavors; and ready-to-go drinks.
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