The Lion Electric Company to Announce Earnings ($0.28) per Share for FY2022, Northland Capmk Forecasts (NYSE:LEV)
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The Lion Electric Company (NYSE:LEV – Get Rating) – Investment analysts at Northland Capmk released their FY2022 EPS forecast for Lion Electric in a report released Tuesday, December 27. Northland Capmk analyst A. Sinha expects the company to earn ($0.28) per share for the year. The consensus estimate for Lion Electric’s current full-year earnings is ($0.27) per share. Northland Capmk also includes Lion Electric’s Q4 2022 earnings ($0.12) EPS, Q1 2023 earnings ($0.13) EPS, Q2 2023 earnings ($0.15) EPS, Q3 2023 earnings ($0.15) earnings ($0.17) EPS released forecasts for Q4 2023 earnings ($0.19). ) EPS and FY2023 earnings ($0.64) EPS.
Lion Electric (NYSE:LEV – Get Rating) released its latest quarterly earnings data on Thursday, November 10. The company reported earnings per share (EPS) ($0.09) for the quarter, which was $0.01 above analyst consensus estimates ($0.10). The firm generated revenue of $40.98 million for the quarter, compared to the consensus estimate of $41.66 million. Lion Electric had a net margin of 43.68% and a negative return on equity of 10.19%.
A number of other brokerages have also recently published reports on LEV. Northland Securities began covering shares of Lion Electric in a research note on Tuesday. They set an “outperform” rating and a $5.00 price target for the stock. DA Davidson lowered the target price of Lion Electric shares to $5.00 in a report released Wednesday, November 16. National Bankshares lowered its target price for Lion Electric shares from $9.00 to $4.50 and set a “better performing” rating for the company in a report released Friday, Nov. Raymond James lowered his target price for Lion Electric shares from $5.00 to $4.50 and set a “market performance” rating for the company in a report published Monday, November 14. Finally, Canaccord Genuity Group downgraded shares of Lion Electric from “buy” to “hold” in a report released Friday, Oct. 21, and lowered its target price for the share from $8.00 to $2.50. A stock research analyst rated the stock with a sell grade, four with a holding grade, and seven with a buy grade. According to MarketBeat.com, the company currently has a “Medium Buy” consensus rating and an average target price of $7.13.
Lion Electric Trade Up 0.5%
Lion Electric shares opened Thursday at $1.99. The company has a market capitalization of $387.47 million, a price-to-earnings ratio of 7.96, and a beta of 2.07. The company’s quick ratio is 1.37, current ratio is 3.18 and debt-to-equity ratio is 0.12. Lion Electric has a 12-month low of $1.83 and a 12-month high of $10.18. The firm’s 50-day moving average price is $2.73, and the two-hundred-day moving average price is $3.63.
Institutional Entries and Exits
Hedge funds have recently increased or decreased their stake in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in Lion Electric for approximately $485,000 in Q2. Toronto Dominion Bank increased its stake in Lion Electric by 575.1% in Q2. Toronto Dominion Bank owns 39,150 shares of the company worth $165,000 after purchasing an additional 33,351 shares in the last quarter. Canadian Power Corp purchased a new position in Lion Electric for approximately $565,330,000 in Q1. Keebeck Alpha LP purchased a new position in Lion Electric for approximately $66,000 in Q2. Finally, Richelieu Gestion PLC increased its presence in Lion Electric by 3.8% in Q2. Richelieu Gestion PLC owns 296,700 shares of the company worth $1,249,000 after purchasing an additional 10,750 shares in the last quarter. Institutional investors own 43.71% of the company’s shares.
Lion Electric Company Profile
Lion Electric Company designs, develops, manufactures and distributes purpose-built all-electric medium and heavy-duty urban vehicles in North America. Its products include battery systems, chassis, bus bodies and truck cabins. The company also distributes truck and bus parts as well as accessories.
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