MP Materials (MP) Projected to Post Quarterly Earnings on Thursday

MP Materials (NYSE:MP) is anticipated to announce its Q1 2025 earnings results after the market closes on Thursday, May 8th. Analysts expect the company to announce earnings of ($0.10) per share and revenue of $64.74 million for the quarter.

MP Materials (NYSE:MP) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). MP Materials had a negative net margin of 32.09% and a negative return on equity of 8.44%. The business had revenue of $60.99 million for the quarter, compared to analysts’ expectations of $50.71 million. On average, analysts expect MP Materials to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

MP Materials Trading Down 0.3 %

Shares of MP opened at $24.50 on Thursday. MP Materials has a twelve month low of $10.02 and a twelve month high of $29.72. The company has a market cap of $4.00 billion, a P/E ratio of -41.53 and a beta of 2.24. The company has a current ratio of 6.93, a quick ratio of 6.13 and a debt-to-equity ratio of 0.88. The company’s fifty day simple moving average is $24.74 and its 200-day simple moving average is $21.57.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MP. DA Davidson increased their target price on shares of MP Materials from $25.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, March 19th. BMO Capital Markets increased their target price on shares of MP Materials from $22.00 to $29.00 and gave the stock a “market perform” rating in a report on Thursday, March 20th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, MP Materials currently has an average rating of “Moderate Buy” and an average price target of $23.61.

Insider Activity

In related news, CFO Ryan Corbett sold 60,000 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $25.51, for a total value of $1,530,600.00. Following the transaction, the chief financial officer now directly owns 230,100 shares of the company’s stock, valued at $5,869,851. This represents a 20.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James H. Litinsky sold 489,918 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $26.77, for a total value of $13,115,104.86. Following the completion of the transaction, the chief executive officer now directly owns 15,153,158 shares in the company, valued at approximately $405,650,039.66. The trade was a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,330,015 shares of company stock worth $34,559,781. Corporate insiders own 12.60% of the company’s stock.

About MP Materials

MP Materials Corp., together with its subsidiaries, produces rare earth materials. The company owns and operates the Mountain Pass Rare Earth mine and processing facility in North America. It holds the mineral rights to the Mountain Pass mine and surrounding areas, as well as intellectual property rights related to the processing and development of rare earth minerals.