Workhorse Group Inc. (NASDAQ:WKHS) – Equities research analysts at B. Riley issued their Q1 2021 earnings per share (EPS) estimates for Workhorse Group in a report released on Thursday, April 15th. B. Riley analyst C. Souther expects that the company will post earnings per share of ($0.16) for the quarter. B. Riley has a “Buy” rating and a $20.00 price target on the stock. B. Riley also issued estimates for Workhorse Group’s Q3 2021 earnings at ($0.14) EPS, Q4 2021 earnings at ($0.16) EPS, FY2021 earnings at ($0.58) EPS, Q1 2022 earnings at ($0.11) EPS, Q2 2022 earnings at ($0.07) EPS, Q3 2022 earnings at ($0.02) EPS, Q4 2022 earnings at $0.01 EPS, FY2022 earnings at ($0.19) EPS and FY2023 earnings at $0.26 EPS.
Several other equities research analysts have also issued reports on WKHS. Colliers Securities restated a “hold” rating on shares of Workhorse Group in a report on Monday, March 8th. TheStreet raised shares of Workhorse Group from an “e+” rating to a “c-” rating in a research report on Tuesday, March 30th. Oppenheimer lowered Workhorse Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 24th. Finally, Roth Capital reduced their price target on Workhorse Group from $19.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, March 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $19.89.
Workhorse Group (NASDAQ:WKHS) last announced its earnings results on Sunday, February 28th. The company reported $3.22 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $3.35. The company had revenue of $0.65 million during the quarter, compared to analysts’ expectations of $1.25 million.
Institutional investors have recently modified their holdings of the business. Sterling Investment Advisors Ltd. raised its holdings in shares of Workhorse Group by 271.4% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 1,300 shares of the company’s stock valued at $26,000 after purchasing an additional 950 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Workhorse Group during the fourth quarter valued at approximately $28,000. Eudaimonia Partners LLC purchased a new position in Workhorse Group during the third quarter valued at approximately $43,000. NEXT Financial Group Inc raised its stake in Workhorse Group by 903.5% in the first quarter. NEXT Financial Group Inc now owns 3,432 shares of the company’s stock worth $47,000 after buying an additional 3,090 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. lifted its holdings in Workhorse Group by 37.3% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 2,855 shares of the company’s stock worth $56,000 after buying an additional 775 shares during the period. Institutional investors own 21.43% of the company’s stock.
In other Workhorse Group news, Director Raymond Joseph Chess sold 5,000 shares of the company’s stock in a transaction on Thursday, April 15th. The stock was sold at an average price of $12.59, for a total value of $62,950.00. Following the completion of the sale, the director now directly owns 122,008 shares in the company, valued at approximately $1,536,080.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Duane Hughes sold 25,000 shares of the stock in a transaction on Monday, February 1st. The stock was sold at an average price of $35.97, for a total value of $899,250.00. Following the transaction, the chief executive officer now directly owns 320,085 shares in the company, valued at approximately $11,513,457.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 396,445 shares of company stock worth $11,813,688. Corporate insiders own 5.90% of the company’s stock.
About Workhorse Group
Workhorse Group Inc, a technology company, designs, manufactures, builds, and sells battery-electric vehicles and aircraft in the United States. The company also develops cloud-based and real-time telematics performance monitoring systems that enable fleet operators to optimize energy and route efficiency.
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