Aquabounty Technologies Inc (AQB) Expected to Post Earnings of -$0.18 Per Share
Wall Street brokerages expect that Aquabounty Technologies Inc (NASDAQ:AQB) will report earnings per share of ($0.18) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Aquabounty Technologies’ earnings. The highest EPS estimate is ($0.17) and the lowest is ($0.19). Aquabounty Technologies reported earnings of ($0.30) per share in the same quarter last year, which would indicate a positive year over year growth rate of 40%. The firm is scheduled to announce its next earnings report on Thursday, March 14th.
According to Zacks, analysts expect that Aquabounty Technologies will report full-year earnings of ($0.73) per share for the current fiscal year, with EPS estimates ranging from ($0.74) to ($0.72). For the next year, analysts anticipate that the firm will post earnings of ($0.64) per share, with EPS estimates ranging from ($0.65) to ($0.62). Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that cover Aquabounty Technologies.
Aquabounty Technologies (NASDAQ:AQB) last released its earnings results on Friday, November 2nd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.01). The firm had revenue of $0.01 million for the quarter, compared to analyst estimates of $0.14 million.
Shares of Aquabounty Technologies stock traded down $0.16 during trading hours on Friday, reaching $2.40. 13,384 shares of the company’s stock were exchanged, compared to its average volume of 66,091. Aquabounty Technologies has a 1 year low of $2.25 and a 1 year high of $9.99. The firm has a market capitalization of $36.24 million, a price-to-earnings ratio of -2.26 and a beta of -0.68. The company has a quick ratio of 0.94, a current ratio of 0.98 and a debt-to-equity ratio of 0.14.
A hedge fund recently raised its stake in Aquabounty Technologies stock. ARK Investment Management LLC increased its position in shares of Aquabounty Technologies Inc (NASDAQ:AQB) by 45.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 247,432 shares of the company’s stock after acquiring an additional 76,735 shares during the quarter. ARK Investment Management LLC owned approximately 1.93% of Aquabounty Technologies worth $794,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 53.18% of the company’s stock.
About Aquabounty Technologies
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.
Featured Story: Swap
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Aquabounty Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aquabounty Technologies and related companies with MarketBeat.com's FREE daily email newsletter.