Oatly Group (NASDAQ:OTLY – Get Rating) released its quarterly earnings data on Wednesday. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.07), Briefing.com reports. Oatly Group had a negative net margin of 48.68% and a negative return on equity of 32.36%. The firm had revenue of $195.10 million during the quarter, compared to analysts’ expectations of $181.07 million. During the same period in the previous year, the business earned ($0.13) earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. Oatly Group updated its FY 2023 guidance to EPS.
Oatly Group Price Performance
OTLY stock opened at $2.13 on Friday. Oatly Group has a 52-week low of $1.28 and a 52-week high of $5.80. The stock’s fifty day simple moving average is $2.33 and its 200-day simple moving average is $2.24. The company has a quick ratio of 1.18, a current ratio of 1.56 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -3.67 and a beta of 0.78.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Cowen lowered their target price on Oatly Group from $5.00 to $3.00 in a report on Monday, November 21st. Cowen lowered their target price on Oatly Group from $5.00 to $3.00 in a report on Monday, November 21st. Mizuho upgraded Oatly Group from a “neutral” rating to a “buy” rating and increased their target price for the company from $2.50 to $6.00 in a report on Wednesday, January 18th. Royal Bank of Canada reiterated an “outperform” rating and set a $7.00 target price on shares of Oatly Group in a report on Monday. Finally, Piper Sandler increased their target price on Oatly Group from $3.00 to $4.00 and gave the company an “overweight” rating in a report on Tuesday, January 10th.
Institutional Investors Weigh In On Oatly Group
About Oatly Group
Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Sweden. It offers Barista edition oatmilk, oatgurts, frozen desserts, ice-creams, and yogurts; ready-to-go drinks, such as cold brew latte, mocha latte, matcha latte, and mini oat drink in original and chocolate flavors; and cooking products, including Cooking Cream, in regular and organic, Crème Fraiche, Whipping Cream, Vanilla Custard and Spreads in a variety of flavors.
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