Largo (NYSE:LGO – Get Rating) is scheduled to be announcing its earnings results after the market closes on Wednesday, August 10th. Analysts expect the company to announce earnings of $0.24 per share for the quarter.
Largo (NYSE:LGO – Get Rating) last announced its quarterly earnings data on Wednesday, May 11th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The firm had revenue of $42.69 million during the quarter, compared to analyst estimates of $59.03 million. Largo had a net margin of 8.24% and a return on equity of 7.14%. On average, analysts expect Largo to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Largo Stock Performance
Shares of Largo stock opened at $6.95 on Wednesday. The business’s fifty day simple moving average is $7.54 and its 200 day simple moving average is $9.26. The firm has a market capitalization of $450.50 million, a P/E ratio of 24.50 and a beta of 2.27. Largo has a 12 month low of $6.28 and a 12 month high of $17.11. The company has a current ratio of 3.58, a quick ratio of 2.28 and a debt-to-equity ratio of 0.01.
Institutional Investors Weigh In On Largo
Hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its stake in shares of Largo by 911.0% during the first quarter. Royal Bank of Canada now owns 129,302 shares of the company’s stock worth $1,642,000 after acquiring an additional 116,512 shares during the period. Swiss National Bank increased its position in Largo by 7.1% during the first quarter. Swiss National Bank now owns 84,710 shares of the company’s stock worth $1,072,000 after purchasing an additional 5,600 shares during the last quarter. Cibc World Market Inc. increased its position in shares of Largo by 133.9% in the first quarter. Cibc World Market Inc. now owns 52,822 shares of the company’s stock worth $671,000 after acquiring an additional 30,242 shares in the last quarter. Bank of Montreal Can grew its holdings in Largo by 12.7% during the 1st quarter. Bank of Montreal Can now owns 20,439 shares of the company’s stock valued at $257,000 after purchasing an additional 2,308 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in Largo by 13.9% during the 1st quarter. Jane Street Group LLC now owns 15,171 shares of the company’s stock valued at $192,000 after acquiring an additional 1,849 shares during the last quarter.
Analyst Upgrades and Downgrades
LGO has been the subject of a number of recent research reports. Royal Bank of Canada lowered their target price on Largo from C$23.00 to C$20.00 in a research note on Monday, May 16th. CIBC lowered Largo from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 15th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Largo currently has an average rating of “Moderate Buy” and a consensus price target of $18.67.
About Largo (Get Rating)
Largo Inc engages in the development and sale of vanadium-based utility scale electrical energy storage systems in Canada. The company operates in five segments: Sales & Trading, Mine Properties, Corporate, Exploration and Evaluation Properties, and Largo Clean Energy. Its products include VPURE+ vanadium flakes that are used in the production of master alloys and aerospace applications; VPURE vanadium flakes ferrovanadium and vanadium carbon nitride for the steel industry; and VPURE+ vanadium powder for catalyst applications.
www.ferroalloynet.com
