Calyxt (CLXT) to Release Earnings on Tuesday

Calyxt (NASDAQ:CLXT) is scheduled to announce its earnings results after the market closes on Tuesday, November 13th. Analysts expect the company to announce earnings of ($0.28) per share for the quarter.

NASDAQ CLXT opened at $12.12 on Friday. The company has a market capitalization of $395.92 million, a price-to-earnings ratio of -10.82 and a beta of 3.44. The company has a current ratio of 21.27, a quick ratio of 21.27 and a debt-to-equity ratio of 0.16. Calyxt has a 52 week low of $11.42 and a 52 week high of $27.23.

Several research firms have commented on CLXT. ValuEngine upgraded Calyxt from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. Goldman Sachs Group began coverage on Calyxt in a research note on Friday, September 7th. They issued a “neutral” rating and a $18.00 target price on the stock. Finally, Zacks Investment Research upgraded Calyxt from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Thursday, October 11th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $23.25.

In other Calyxt news, insider Manoj Sahoo sold 2,521 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $14.84, for a total value of $37,411.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Daniel F. Voytas sold 4,083 shares of the business’s stock in a transaction that occurred on Tuesday, October 9th. The shares were sold at an average price of $13.84, for a total value of $56,508.72. The disclosure for this sale can be found here. Insiders sold a total of 21,136 shares of company stock worth $330,964 in the last 90 days. Company insiders own 2.80% of the company’s stock.

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Calyxt Company Profile

Calyxt, Inc, a consumer-centric food- and agriculture-focused company, develops healthier specialty food ingredients and food crops using gene-editing technology for plants in the United States. It engages in the development of high oleic soybeans, high fiber wheat, herbicide tolerant wheat, powdery mildew resistant wheat, improved oil composition canola, herbicide tolerant canola, improved quality alfalfa and herbicide tolerant alfalfa, late blight resistant potatoes, cold storable/reduced browning potatoes, improved protein composition soybeans, drought tolerant soybeans, herbicide tolerant soybeans, and improved yield soybeans.

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Earnings History for Calyxt (NASDAQ:CLXT)

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