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

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

LanzaTech Global Trading Down 43.3%

LNZA traded down $7.42 on Friday, hitting $9.73. 376,052 shares of the company’s stock were exchanged, compared to its average volume of 36,187. LanzaTech Global has a fifty-two week low of $7.88 and a fifty-two week high of $71.19. The firm has a 50-day moving average price of $20.97 and a 200-day moving average price of $16.25. The stock has a market cap of $98.18 million and a price-to-earnings ratio of -10.03.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LNZA. AQR Capital Management LLC boosted its position in shares of LanzaTech Global by 1,045.1% during the 1st quarter. AQR Capital Management LLC now owns 184,346 shares of the company’s stock valued at $45,000 after acquiring an additional 168,247 shares during the last quarter. XTX Topco Ltd boosted its position in shares of LanzaTech Global by 380.5% during the 2nd quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock valued at $51,000 after acquiring an additional 149,576 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of LanzaTech Global during the 2nd quarter valued at about $82,000. Qube Research & Technologies Ltd acquired a new position in shares of LanzaTech Global during the 2nd quarter valued at about $27,000. Finally, Jane Street Group LLC acquired a new position in shares of LanzaTech Global during the 2nd quarter valued at about $230,000. Institutional investors and hedge funds own 17.76% of the company’s stock.

Wall Street Analyst Weigh In

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

About LanzaTech Global

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.