Brokers Issue Forecasts for AIRJ FY2029 Earnings

Montana Technologies Co. (NASDAQ:AIRJ) – HC Wainwright issued their FY2029 EPS estimates for shares of Montana Technologies in a report issued on Thursday, March 27th. HC Wainwright analyst A. Dayal anticipates that the company will earn $0.10 per share for the year. HC Wainwright currently has a “Buy” rating and a $12.00 target price on the stock. The consensus estimate for Montana Technologies’ current full-year earnings is $4.97 per share.

Separately, Alliance Global Partners started coverage on shares of Montana Technologies in a research note on Monday, February 24th. They set a “buy” rating and a $11.00 target price for the company.

Montana Technologies Trading Down 2.8 %

Shares of NASDAQ:AIRJ opened at $4.87 on Friday. The firm has a 50 day simple moving average of $7.77 and a 200-day simple moving average of $7.45. The company has a market capitalization of $271.96 million, a PE ratio of 25.63 and a beta of 0.20. Montana Technologies has a twelve month low of $4.75 and a twelve month high of $21.78.

Montana Technologies (NASDAQ:AIRJ) last released its quarterly earnings results on Tuesday, March 25th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.16).

Institutional Trading of Montana Technologies

A number of large investors have recently made changes to their positions in AIRJ. Millennium Management LLC acquired a new position in shares of Montana Technologies in the 4th quarter valued at about $85,000. Bank of America Corp DE raised its position in shares of Montana Technologies by 8,851.2% in the 4th quarter. Bank of America Corp DE now owns 11,189 shares of the company’s stock valued at $89,000 after purchasing an additional 11,064 shares in the last quarter. Heritage Financial Services LLC bought a new position in Montana Technologies during the 4th quarter valued at $99,000. Jane Street Group LLC acquired a new position in Montana Technologies in the fourth quarter worth about $117,000. Finally, U.S. Capital Wealth Advisors LLC increased its holdings in shares of Montana Technologies by 19.4% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 18,500 shares of the company’s stock valued at $147,000 after acquiring an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 63.65% of the company’s stock.

Montana Technologies Company Profile

Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.