Desjardins Comments on The Lion Electric Company’s Q4 2024 Earnings (NYSE:LEV)

The Lion Electric Company (NYSE:LEV) – Desjardins issued their Q4 2024 earnings per share (EPS) estimates for Lion Electric in a report issued on Wednesday, July 31st. Desjardins analyst B. Poirier expects that the company will post earnings of ($0.09) per share for the quarter. The consensus estimate for Lion Electric’s current full-year earnings is ($0.32) per share.

Lion Electric (NYSE:LEV) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.05. Lion Electric had a negative return on equity of 26.26% and a negative net margin of 51.81%. The business had revenue of $55.48 million for the quarter, compared to analysts’ expectations of $71.82 million.

Several other analysts have also weighed in on the company. Roth Capital lowered Lion Electric from a “strong-buy” rating to a “hold” rating in a report on Wednesday. DA Davidson lowered their price objective on Lion Electric from $3.50 to $1.50 and set a “buy” rating for the company in a report on Monday, May 13th. CIBC lowered their target price on Lion Electric from $1.70 to $1.40 and set a “neutral” rating for the company in a report on Monday, April 22nd. Barclays lowered their target price on Lion Electric from $2.00 to $1.00 and set an “equal weight” rating for the company in a report on Thursday, May 9th. Finally, B. Riley raised Lion Electric to a “strong-buy” rating in a report on Tuesday, June 25th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $1.74.

Lion Electric Stock Down 1.5 %

Shares of Lion Electric stock opened at $0.61 on Friday. The company has a quick ratio of 0.73, a current ratio of 2.49 and a debt-to-equity ratio of 0.82. The firm has a market cap of $137.09 million, a P/E ratio of -1.24 and a beta of 2.14. Lion Electric has a fifty-two week low of $0.58 and a fifty-two week high of $2.40. The business has a 50-day moving average price of $0.95 and a 200 day moving average price of $1.22.

Hedge Funds Weigh In On Lion Electric

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LEV. Victory Capital Management Inc. acquired a new stake in Lion Electric in the fourth quarter worth approximately $28,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Lion Electric by 75.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,599 shares of the company’s stock worth $52,000 after purchasing an additional 12,712 shares during the period. Atria Wealth Solutions Inc. lifted its position in Lion Electric by 20.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 103,310 shares of the company’s stock worth $183,000 after purchasing an additional 17,285 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in Lion Electric by 14.3% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 239,839 shares of the company’s stock worth $341,000 after purchasing an additional 30,050 shares during the period. 52.73% of the stock is owned by institutional investors.

Lion Electric Company Profile

The Lion Electric Company designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-duty urban vehicles in North America. The company's products include battery systems, chassis, bus bodies, and truck cabins. It distributes truck and bus parts, as well as accessories.