Zacks: Analysts Anticipate Aqua Metals, Inc. (AQMS) Will Post Quarterly Sales of $2.31 Million
Brokerages expect that Aqua Metals, Inc. (NASDAQ:AQMS) will post $2.31 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Aqua Metals’ earnings, with the lowest sales estimate coming in at $1.51 million and the highest estimate coming in at $3.10 million. The firm is expected to issue its next earnings results on Monday, November 6th.
On average, analysts expect that Aqua Metals will report full-year sales of $2.31 million for the current year, with estimates ranging from $7.32 million to $11.90 million. For the next fiscal year, analysts anticipate that the company will post sales of $83.83 million per share, with estimates ranging from $68.06 million to $99.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Aqua Metals.
Aqua Metals (NASDAQ:AQMS) last issued its quarterly earnings results on Wednesday, August 9th. The business services provider reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by $0.10. The company had revenue of $0.60 million during the quarter, compared to analysts’ expectations of $1.23 million.
AQMS has been the topic of several research analyst reports. ValuEngine downgraded Aqua Metals from a “hold” rating to a “sell” rating in a research report on Saturday, May 20th. HC Wainwright initiated coverage on Aqua Metals in a research report on Thursday, June 22nd. They issued a “buy” rating and a $25.00 price target on the stock. Rodman & Renshaw initiated coverage on Aqua Metals in a research report on Thursday, June 22nd. They issued a “buy” rating and a $25.00 price target on the stock. Finally, Zacks Investment Research raised Aqua Metals from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $26.33.
Aqua Metals (NASDAQ AQMS) opened at 8.15 on Friday. The company has a 50-day moving average price of $11.67 and a 200-day moving average price of $14.38. Aqua Metals has a one year low of $7.85 and a one year high of $22.75. The stock’s market cap is $164.34 million.
A number of large investors have recently added to or reduced their stakes in the company. First Mercantile Trust Co. purchased a new stake in Aqua Metals during the second quarter worth $126,000. American International Group Inc. increased its stake in Aqua Metals by 8.1% in the first quarter. American International Group Inc. now owns 6,678 shares of the business services provider’s stock worth $130,000 after buying an additional 499 shares during the period. Sigma Planning Corp purchased a new stake in Aqua Metals during the second quarter worth $150,000. Virtu KCG Holdings LLC purchased a new stake in Aqua Metals during the second quarter worth $160,000. Finally, CAPROCK Group Inc. purchased a new stake in Aqua Metals during the second quarter worth $164,000. 40.16% of the stock is currently owned by institutional investors and hedge funds.
About Aqua Metals
Aqua Metals, Inc is engaged in the business of recycling lead through a process that the Company developed and named AquaRefining. The Company’s AquaRefining process focuses on providing for the recycling of lead acid batteries (LABs) and the production of lead. AquaRefining uses bio-degradable aqueous solvent and an ambient temperature electro-chemical process to produce lead.
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