Posted by admin on Aug 13th, 2022
Fathom Digital Manufacturing (NYSE:FATH – Get Rating) will release its earnings data before the market opens on Monday, August 15th. Analysts expect Fathom Digital Manufacturing to post earnings of ($0.01) per share for the quarter. Fathom Digital Manufacturing has set its FY 2022 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.
Fathom Digital Manufacturing (NYSE:FATH – Get Rating) last issued its earnings results on Monday, May 16th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The business had revenue of $40.54 million during the quarter, compared to the consensus estimate of $41.30 million. On average, analysts expect Fathom Digital Manufacturing to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of FATH stock opened at $4.16 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.79 and a current ratio of 1.01. The business has a 50 day moving average of $4.09 and a two-hundred day moving average of $6.16. Fathom Digital Manufacturing has a 52 week low of $3.18 and a 52 week high of $11.50.
A number of research firms have recently weighed in on FATH. Bank of America began coverage on Fathom Digital Manufacturing in a report on Friday, May 13th. They set a “neutral” rating and a $7.00 price target on the stock. Craig Hallum cut their price target on Fathom Digital Manufacturing to $9.00 and set a “na” rating on the stock in a report on Tuesday, May 17th. Finally, Needham & Company LLC cut their price target on Fathom Digital Manufacturing from $12.00 to $9.00 in a report on Tuesday, May 17th.
Several institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new stake in Fathom Digital Manufacturing in the first quarter worth $36,000. BlackRock Inc. bought a new stake in Fathom Digital Manufacturing in the first quarter worth $744,000. Vanguard Group Inc. bought a new stake in Fathom Digital Manufacturing in the first quarter worth $1,223,000. Northern Trust Corp acquired a new position in Fathom Digital Manufacturing during the 1st quarter worth $103,000. Finally, State Street Corp lifted its position in Fathom Digital Manufacturing by 57.8% during the 1st quarter. State Street Corp now owns 23,998 shares of the company’s stock worth $148,000 after acquiring an additional 8,786 shares during the last quarter. 78.39% of the stock is currently owned by hedge funds and other institutional investors.
Fathom Digital Manufacturing Corporation, a digital manufacturing platform, provides product development and manufacturing services in North America. It provides plastic and metal additive manufacturing, computer numerical control machining, injection molding and tooling, precision sheet metal fabrication, design engineering, urethane casting, and chemical etching.
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