Molycorp (MCP) to Release Quarterly Earnings on Wednesday
Molycorp (NYSE:MCP) is scheduled to be issuing its Q214 quarterly earnings data on Wednesday, August 6th. Analysts expect the company to announce earnings of ($0.28) per share and revenue of $130.97 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.
Molycorp (NYSE:MCP) last announced its earnings results on Wednesday, May 7th. The company reported ($0.29) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.21) by $0.08. The company had revenue of $118.50 million for the quarter, compared to the consensus estimate of $144.48 million. During the same quarter last year, the company posted ($0.15) earnings per share. Molycorp’s revenue was down 18.5% compared to the same quarter last year. On average, analysts expect Molycorp to post $-1.01 EPS for the current fiscal year and $-0.19 EPS for the next fiscal year.
Shares of Molycorp (NYSE:MCP) opened at 2.15 on Tuesday. Molycorp has a one year low of $1.61 and a one year high of $7.78. The stock has a 50-day moving average of $2.30 and a 200-day moving average of $3.88. The company’s market cap is $526.1 million.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley downgraded shares of Molycorp from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 20th. They now have a $2.50 price target on the stock, down previously from $2.85. On a related note, analysts at Goldman Sachs cut their price target on shares of Molycorp to $4.00 in a research note on Thursday, May 15th. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Molycorp from a “neutral” rating to an “underweight” rating in a research note on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $5.78.
Molycorp, Inc provides Rare Earths and Molybdenum products to companies. The Company’s rare earth products comprise of bastnasite, cerium, europium, lanthanum, neodymium, praseodymium, yttrium, and other lanthanides.
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