TMC the metals (TMC) to Release Quarterly Earnings on Monday

TMC the metals (NASDAQ:TMC) will likely be releasing its Q1 2025 earnings data before the market opens on Monday, May 12th. Analysts expect TMC the metals to post earnings of ($0.03) per share for the quarter.

TMC the metals (NASDAQ:TMC) last announced its quarterly earnings data on Thursday, March 27th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. The business had revenue of ($20.18) million during the quarter. On average, analysts expect TMC the metals to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

TMC the metals Stock Performance

Shares of TMC the metals stock opened at $3.11 on Friday. TMC the metals has a 52 week low of $0.72 and a 52 week high of $3.80. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of -10.03 and a beta of 1.33. The firm has a fifty day moving average of $2.27 and a two-hundred day moving average of $1.60.

Insiders Place Their Bets

In other news, CFO Craig Shesky sold 353,702 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $1.66, for a total transaction of $587,145.32. Following the completion of the sale, the chief financial officer now owns 1,145,717 shares of the company’s stock, valued at $1,901,890.22. This represents a 23.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 30.00% of the company’s stock.

Wall Street Analyst Weigh In

TMC has been the subject of several analyst reports. Wedbush restated a “neutral” rating and set a $4.00 target price on shares of TMC the metals in a research report on Friday, March 28th. Alliance Global Partners began coverage on shares of TMC the metals in a research note on Wednesday, January 15th. They set a “buy” rating and a $3.75 price objective on the stock.

TMC the metals Company Profile

TMC the metals company Inc, a deep-sea minerals exploration company, focuses on the collection, processing, and refining of polymetallic nodules found on the seafloor in California. It primarily explores for nickel, cobalt, copper, and manganese products. The company holds exploration and commercial rights in three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean.