LanzaTech Global (NASDAQ:LNZA) Posts Earnings Results, Beats Expectations By $1.11 EPS

LanzaTech Global (NASDAQ:LNZA) posted its earnings results on Thursday. The company reported ($1.77) EPS for the quarter, topping analysts’ consensus estimates of ($2.88) by $1.11, FiscalAI reports. The firm had revenue of $12.02 million during the quarter, compared to analysts’ expectations of $12.10 million.

LanzaTech Global Price Performance

Shares of LNZA traded down $7.42 during mid-day trading on Friday, reaching $9.73. 376,052 shares of the company’s stock traded hands, compared to its average volume of 36,187. The stock has a market cap of $98.18 million and a P/E ratio of -10.03. The stock’s 50-day moving average is $20.97 and its two-hundred day moving average is $16.25. LanzaTech Global has a 12 month low of $7.88 and a 12 month high of $71.19.

Wall Street Analyst Weigh In

A number of research firms recently commented on LNZA. Zacks Research upgraded LanzaTech Global to a “hold” rating in a research report on Wednesday, April 1st. Weiss Ratings reiterated a “sell (e+)” rating on shares of LanzaTech Global in a research report on Tuesday, April 21st. Finally, Wall Street Zen upgraded LanzaTech Global to a “hold” rating in a research report on Saturday, May 2nd. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $14.00.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LNZA. Qube Research & Technologies Ltd bought a new position in shares of LanzaTech Global during the second quarter valued at approximately $27,000. AQR Capital Management LLC grew its stake in shares of LanzaTech Global by 1,045.1% during the first quarter. AQR Capital Management LLC now owns 184,346 shares of the company’s stock valued at $45,000 after buying an additional 168,247 shares during the last quarter. XTX Topco Ltd grew its stake in shares of LanzaTech Global by 380.5% during the second quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock valued at $51,000 after buying an additional 149,576 shares during the last quarter. Marshall Wace LLP bought a new position in shares of LanzaTech Global during the second quarter valued at approximately $82,000. Finally, DRW Securities LLC bought a new position in shares of LanzaTech Global during the fourth quarter valued at approximately $160,000. Institutional investors own 17.76% of the company’s stock.

LanzaTech Global Company Profile

LanzaTech Global, Inc is a carbon recycling company that specializes in capturing industrial emissions and converting them into sustainable fuels and chemicals through a proprietary gas fermentation process. By utilizing metal- and microbe-catalyzed conversion technologies, the company transforms waste carbon monoxide and carbon dioxide streams from steel mills, refineries, and other industrial sites into ethanol, jet fuel precursors, and other commodity chemicals. These products can be used as drop-in replacements for petrochemicals, helping to reduce greenhouse gas emissions and advance circular economy initiatives.

Founded in 2005 and headquartered in Skokie, Illinois, LanzaTech has developed its platform through research collaborations and commercial demonstration plants.