Zacks: Brokerages Expect S&W Seed (SANW) Will Post Quarterly Sales of $13.33 Million
Wall Street brokerages expect S&W Seed (NASDAQ:SANW) to report sales of $13.33 million for the current quarter, Zacks reports. Four analysts have made estimates for S&W Seed’s earnings, with estimates ranging from $13.00 million to $14.00 million. S&W Seed reported sales of $17.89 million during the same quarter last year, which indicates a negative year over year growth rate of 25.5%. The firm is scheduled to announce its next quarterly earnings report on Thursday, September 13th.
According to Zacks, analysts expect that S&W Seed will report full year sales of $67.52 million for the current year, with estimates ranging from $67.19 million to $68.20 million. For the next year, analysts anticipate that the business will report sales of $66.97 million per share, with estimates ranging from $62.00 million to $70.86 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover S&W Seed.
Separately, ValuEngine cut shares of S&W Seed from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd.
Shares of S&W Seed stock traded down $0.05 on Thursday, hitting $3.05. 65,820 shares of the company traded hands, compared to its average volume of 28,472. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.46 and a current ratio of 2.00. S&W Seed has a 12-month low of $2.90 and a 12-month high of $4.40.
About S&W Seed
S&W Seed Company, an agricultural company, engages in breeding, growing, processing, and selling alfalfa seeds. The company sells its seeds to distributors and dealers in approximately 30 countries worldwide. S&W Seed Company was founded in 1980 and is headquartered in Sacramento, California.
Further Reading: Earnings Per Share (EPS) Explained
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