Aquabounty Technologies Inc (AQB) Expected to Post Earnings of -$0.20 Per Share
Wall Street analysts expect Aquabounty Technologies Inc (NASDAQ:AQB) to announce earnings per share (EPS) of ($0.20) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Aquabounty Technologies’ earnings. The highest EPS estimate is ($0.15) and the lowest is ($0.24). Aquabounty Technologies reported earnings per share of ($0.28) during the same quarter last year, which indicates a positive year-over-year growth rate of 28.6%. The business is scheduled to issue its next quarterly earnings results on Thursday, November 1st.
On average, analysts expect that Aquabounty Technologies will report full-year earnings of ($0.78) per share for the current fiscal year, with EPS estimates ranging from ($0.81) to ($0.74). For the next fiscal year, analysts anticipate that the company will post earnings of ($0.60) per share, with EPS estimates ranging from ($0.65) to ($0.55). Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Aquabounty Technologies.
Aquabounty Technologies (NASDAQ:AQB) last announced its quarterly earnings data on Tuesday, August 7th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.03). The firm had revenue of $0.05 million for the quarter, compared to the consensus estimate of $0.02 million.
Shares of AQB stock opened at $3.32 on Wednesday. Aquabounty Technologies has a 52-week low of $2.25 and a 52-week high of $9.99. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.36 and a quick ratio of 3.30.
An institutional investor recently raised its position in Aquabounty Technologies stock. ARK Investment Management LLC increased its position in shares of Aquabounty Technologies Inc (NASDAQ:AQB) by 81.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,697 shares of the company’s stock after purchasing an additional 76,458 shares during the quarter. ARK Investment Management LLC owned approximately 1.33% of Aquabounty Technologies worth $568,000 at the end of the most recent quarter. Institutional investors own 62.42% of the company’s stock.
Aquabounty Technologies Company Profile
AquaBounty Technologies, Inc, a biotechnology company, develops and markets products to enhance productivity in aquaculture. It offers AquAdvantage Salmon, a genetically modified Atlantic salmon for human consumption. The company was formerly known as Aqua Bounty Farms, Inc and changed its name to AquaBounty Technologies, Inc in June 2004.
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