Cormark Issues Negative Outlook for Loop Industries Earnings

Loop Industries, Inc. (NASDAQ:LOOP) – Research analysts at Cormark lowered their FY2025 EPS estimates for shares of Loop Industries in a report released on Thursday, January 16th. Cormark analyst N. Boychuk now forecasts that the financial services provider will post earnings per share of ($0.47) for the year, down from their previous estimate of ($0.30). Cormark currently has a “Moderate Buy” rating on the stock. The consensus estimate for Loop Industries’ current full-year earnings is ($0.31) 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 Price Performance

Loop Industries stock opened at $1.03 on Monday. The company has a current ratio of 0.48, a quick ratio of 0.47 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $49.05 million, a P/E ratio of -2.57 and a beta of 1.57. The business has a 50-day moving average of $1.29 and a 200-day moving average of $1.51. Loop Industries has a 1 year low of $0.96 and a 1 year high of $3.84.

Loop Industries (NASDAQ:LOOP) last posted its quarterly earnings results on Tuesday, January 14th. The financial services provider reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. Loop Industries had a negative return on equity of 164.29% and a negative net margin of 19,364.00%.

Insiders Place Their Bets

In related news, CEO Daniel Solomita sold 61,278 shares of the firm’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 sale, the chief executive officer now directly owns 548,722 shares in the company, valued at $856,006.32. This trade represents a 10.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 49.80% of the company’s stock.

Institutional Trading of Loop Industries

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

Loop Industries Company Profile

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.