Equities analysts expect Lithium Americas Corp (NYSE:LAC) to post earnings per share of ($0.09) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Lithium Americas’ earnings. Lithium Americas posted earnings of ($0.01) per share during the same quarter last year, which would suggest a negative year over year growth rate of 800%. The company is scheduled to report its next quarterly earnings results on Thursday, April 4th.
On average, analysts expect that Lithium Americas will report full year earnings of ($0.25) per share for the current year, with EPS estimates ranging from ($0.30) to ($0.20). For the next financial year, analysts expect that the company will post earnings of ($0.42) per share, with EPS estimates ranging from ($0.54) to ($0.34). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Lithium Americas.
Lithium Americas (NYSE:LAC) last issued its earnings results on Tuesday, November 13th. The company reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.02). Lithium Americas had a negative net margin of 639.66% and a negative return on equity of 24.13%. The company had revenue of $1.42 million during the quarter, compared to analyst estimates of $1.10 million.
A number of equities analysts have commented on LAC shares. Jefferies Financial Group initiated coverage on Lithium Americas in a research note on Wednesday, October 3rd. They issued a “buy” rating for the company. Zacks Investment Research cut Lithium Americas from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. Finally, BMO Capital Markets initiated coverage on Lithium Americas in a report on Monday, October 29th. They set a “market perform” rating on the stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ingalls & Snyder LLC raised its holdings in Lithium Americas by 11.0% during the fourth quarter. Ingalls & Snyder LLC now owns 40,500 shares of the company’s stock worth $128,000 after purchasing an additional 4,000 shares in the last quarter. Morgan Stanley raised its holdings in Lithium Americas by 8.4% during the third quarter. Morgan Stanley now owns 1,282,451 shares of the company’s stock worth $6,156,000 after purchasing an additional 99,588 shares in the last quarter. Ibex Investors LLC bought a new stake in Lithium Americas during the third quarter worth approximately $3,072,000. Waratah Capital Advisors Ltd. bought a new stake in Lithium Americas during the third quarter worth approximately $2,946,000. Finally, Millennium Management LLC raised its holdings in Lithium Americas by 1,474.2% during the second quarter. Millennium Management LLC now owns 308,540 shares of the company’s stock worth $1,663,000 after purchasing an additional 288,940 shares in the last quarter. 6.24% of the stock is currently owned by institutional investors.
Shares of LAC stock opened at $3.24 on Friday. The company has a quick ratio of 8.20, a current ratio of 8.57 and a debt-to-equity ratio of 0.11. Lithium Americas has a 52 week low of $2.75 and a 52 week high of $8.05.