Joby Aviation (JOBY) Set to Announce Quarterly Earnings on Tuesday

Joby Aviation (NYSE:JOBY) is set to announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.17) per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Joby Aviation (NYSE:JOBY) last issued its quarterly earnings results on Wednesday, February 21st. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.02. The business had revenue of $1.03 million for the quarter, compared to the consensus estimate of $1.50 million. During the same quarter last year, the business posted ($0.14) EPS. On average, analysts expect Joby Aviation to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Joby Aviation Stock Performance

NYSE:JOBY opened at $5.38 on Monday. The business has a 50 day moving average of $5.12 and a 200 day moving average of $5.72. Joby Aviation has a 1-year low of $4.06 and a 1-year high of $11.98.

Insider Activity

In other news, CEO Joeben Bevirt sold 5,757 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $6.03, for a total transaction of $34,714.71. Following the transaction, the chief executive officer now directly owns 604,437 shares of the company’s stock, valued at $3,644,755.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Didier Papadopoulos sold 11,362 shares of Joby Aviation stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $4.96, for a total transaction of $56,355.52. Following the sale, the insider now directly owns 68,278 shares in the company, valued at $338,658.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joeben Bevirt sold 5,757 shares of Joby Aviation stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $6.03, for a total value of $34,714.71. Following the sale, the chief executive officer now owns 604,437 shares in the company, valued at $3,644,755.11. The disclosure for this sale can be found here. Over the last three months, insiders have sold 550,832 shares of company stock valued at $2,822,382. Company insiders own 49.50% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upgraded Joby Aviation from an “underweight” rating to a “neutral” rating and set a $5.00 target price for the company in a research report on Friday. One analyst has rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $7.67.

Joby Aviation Company Profile

Joby Aviation, Inc, a vertically integrated air mobility company, engages in building an electric vertical takeoff and landing aircraft optimized to deliver air transportation as a service. The company intends to build an aerial ridesharing service, as well as developing an application-based platform that will enable consumers to book rides.