Seaport Res Ptn Has Negative Outlook of LNZA FY2024 Earnings

LanzaTech Global, Inc. (NASDAQ:LNZA) – Seaport Res Ptn lowered their FY2024 earnings per share (EPS) estimates for LanzaTech Global in a research report issued on Monday, November 18th. Seaport Res Ptn analyst J. Campbell now expects that the company will earn ($0.77) per share for the year, down from their previous forecast of ($0.56). The consensus estimate for LanzaTech Global’s current full-year earnings is ($0.63) per share. Seaport Res Ptn also issued estimates for LanzaTech Global’s Q4 2024 earnings at ($0.22) EPS, Q1 2025 earnings at ($0.07) EPS, Q2 2025 earnings at ($0.14) EPS, Q3 2025 earnings at ($0.09) EPS, Q4 2025 earnings at ($0.13) EPS, FY2025 earnings at ($0.43) EPS, Q1 2026 earnings at ($0.12) EPS, Q2 2026 earnings at ($0.12) EPS, Q3 2026 earnings at ($0.12) EPS and FY2026 earnings at ($0.47) EPS.

Separately, TD Cowen lowered their price objective on shares of LanzaTech Global from $3.00 to $2.00 and set a “hold” rating on the stock in a research report on Monday, November 11th.

LanzaTech Global Stock Up 5.6 %

LNZA stock opened at $1.13 on Wednesday. The company has a debt-to-equity ratio of 6.64, a current ratio of 2.91 and a quick ratio of 2.91. The firm has a market capitalization of $223.47 million, a P/E ratio of -1.83 and a beta of 1.58. LanzaTech Global has a 52-week low of $0.95 and a 52-week high of $5.73. The company’s 50 day simple moving average is $1.69 and its 200-day simple moving average is $1.87.

LanzaTech Global (NASDAQ:LNZA) last posted its quarterly earnings data on Friday, November 8th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.16). LanzaTech Global had a negative net margin of 223.03% and a negative return on equity of 180.10%. The firm had revenue of $9.94 million for the quarter, compared to analysts’ expectations of $17.87 million. During the same period in the prior year, the company posted ($0.13) earnings per share.

Hedge Funds Weigh In On LanzaTech Global

Large investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in shares of LanzaTech Global by 1.0% during the third quarter. Geode Capital Management LLC now owns 2,237,303 shares of the company’s stock worth $4,274,000 after purchasing an additional 23,023 shares during the period. State Street Corp lifted its position in LanzaTech Global by 6.3% in the 3rd quarter. State Street Corp now owns 1,610,965 shares of the company’s stock worth $3,077,000 after buying an additional 95,725 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in LanzaTech Global by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 756,552 shares of the company’s stock worth $1,445,000 after buying an additional 25,629 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of LanzaTech Global by 433.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 312,021 shares of the company’s stock valued at $577,000 after buying an additional 253,562 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of LanzaTech Global by 8.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 227,627 shares of the company’s stock valued at $435,000 after acquiring an additional 18,391 shares in the last quarter. Institutional investors and hedge funds own 17.76% of the company’s stock.

About LanzaTech Global

LanzaTech Global, Inc operates as a nature-based carbon refining company in the United States and internationally. The company transforms waste carbon into the chemical building blocks for consumer goods, such as sustainable fuels, fabrics, and packaging. It is also developing biocatalysts and processes to produce a suite of additional products utilizing novel biocatalysts, including acetone and isopropanol (IPA) and industrial solvents used in various applications, including production of polymers from IPA.