Brokers Issue Forecasts for Loop Industries FY2025 Earnings

Loop Industries, Inc. (NASDAQ:LOOP) – Analysts at Cormark decreased their FY2025 EPS estimates for Loop Industries in a research note issued to investors on Thursday, January 16th. Cormark analyst N. Boychuk now expects that the financial services provider will post earnings of ($0.47) per share for the year, down from their previous forecast of ($0.30). Cormark has a “Moderate Buy” rating on the stock. The consensus estimate for Loop Industries’ current full-year earnings is ($0.40) per share. Cormark also issued estimates for Loop Industries’ FY2026 earnings at ($0.18) EPS, FY2027 earnings at ($0.15) EPS and FY2028 earnings at $0.14 EPS.

Loop Industries Stock Performance

LOOP stock opened at $1.11 on Monday. The company has a quick ratio of 0.11, a current ratio of 0.12 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $52.86 million, a price-to-earnings ratio of -1.98 and a beta of 1.57. Loop Industries has a 12 month low of $0.96 and a 12 month high of $3.72. The firm has a 50 day moving average of $1.29 and a two-hundred day moving average of $1.50.

Loop Industries (NASDAQ:LOOP) last posted its earnings results on Tuesday, January 14th. The financial services provider reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.02. Loop Industries had a negative net margin of 21,561.11% and a negative return on equity of 350.30%.

Hedge Funds Weigh In On Loop Industries

A hedge fund recently raised its stake in Loop Industries stock. Balboa Wealth Partners grew its holdings in Loop Industries, Inc. (NASDAQ:LOOP) by 24.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,575 shares of the financial services provider’s stock after buying an additional 9,880 shares during the quarter. Balboa Wealth Partners owned 0.11% of Loop Industries worth $93,000 as of its most recent filing with the SEC. Institutional investors own 4.89% of the company’s stock.

Insider Buying and Selling

In related news, CEO Daniel Solomita sold 61,278 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $1.56, for a total transaction of $95,593.68. Following the completion of the sale, the chief executive officer now directly owns 548,722 shares of the company’s stock, valued at approximately $856,006.32. This represents a 10.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 49.80% of the stock is owned by insiders.

About Loop Industries

Loop Industries, Inc, a technology company, focuses on depolymerizing waste polyethylene terephthalate PET plastics and polyester fibers, including plastic bottles, packaging, carpets and textiles of any color, transparency and even ocean plastics that have been degraded by the sun and salt, to its base building blocks.