Oatly Group (NASDAQ:OTLY – Get Rating) announced its earnings results on Wednesday. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07), Briefing.com reports. The company had revenue of $195.10 million for the quarter, compared to the consensus estimate of $181.07 million. Oatly Group had a negative return on equity of 32.36% and a negative net margin of 48.68%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.13) EPS. Oatly Group updated its FY 2023 guidance to EPS.
Oatly Group Stock Up 1.9 %
Shares of OTLY stock opened at $2.17 on Friday. The stock has a market cap of $1.28 billion, a P/E ratio of -3.74 and a beta of 0.78. Oatly Group has a one year low of $1.28 and a one year high of $5.80. The stock has a fifty day moving average price of $2.33 and a 200 day moving average price of $2.24. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.56 and a quick ratio of 1.18.
Analysts Set New Price Targets
Several research firms have recently weighed in on OTLY. Cowen reduced their price objective on Oatly Group from $5.00 to $3.00 in a research report on Monday, November 21st. Mizuho raised Oatly Group from a “neutral” rating to a “buy” rating and increased their price objective for the company from $2.50 to $6.00 in a research report on Wednesday, January 18th. Piper Sandler increased their price objective on Oatly Group from $3.00 to $4.00 and gave the company an “overweight” rating in a research report on Tuesday, January 10th. Credit Suisse Group reissued a “neutral” rating and issued a $3.30 price objective on shares of Oatly Group in a research report on Thursday. Finally, Cowen reduced their price objective on Oatly Group from $5.00 to $3.00 in a research report on Monday, November 21st.
Hedge Funds 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.
- Get a free copy of the StockNews.com research report on Oatly Group (OTLY)
- Dollar General Offers Great Prices, but the Stock isn’t a Value
- Jabil Inc.: Blue Chip Tech Stock Pulls Back To Buy Zone
- Should You Bring The Luck Of The Irish To Your Investmets?
- The Big Banks Join Forces to Save First Republic Bank
- Don’t Miss Out: $2 Trillion Could be Headed to the Banking Sector
Receive News & Ratings for Oatly Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oatly Group and related companies with MarketBeat.com's FREE daily email newsletter.