Brokerages forecast that Aqua Metals Inc (NASDAQ:AQMS) will post $1.32 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Aqua Metals’ earnings, with estimates ranging from $1.30 million to $1.35 million. The company is expected to report its next earnings report on Tuesday, May 8th.
On average, analysts expect that Aqua Metals will report full-year sales of $1.32 million for the current financial year, with estimates ranging from $10.80 million to $28.10 million. For the next fiscal year, analysts expect that the firm will report sales of $72.43 million per share, with estimates ranging from $51.47 million to $93.40 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Aqua Metals.
Aqua Metals (NASDAQ:AQMS) last released its earnings results on Thursday, March 15th. The business services provider reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.10). The company had revenue of $0.90 million for the quarter, compared to analyst estimates of $1.27 million.
Several equities analysts recently issued reports on AQMS shares. National Securities restated a “buy” rating and issued a $15.00 target price on shares of Aqua Metals in a report on Friday, March 16th. Zacks Investment Research lowered shares of Aqua Metals from a “hold” rating to a “sell” rating in a report on Monday, February 12th. Eurobank EFG dropped their target price on shares of Aqua Metals from $17.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, February 14th. HC Wainwright restated a “buy” rating and issued a $9.00 target price on shares of Aqua Metals in a report on Tuesday, March 6th. Finally, Oppenheimer restated a “buy” rating on shares of Aqua Metals in a report on Monday, February 12th. Two research analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $17.83.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its stake in Aqua Metals by 47.5% in the second quarter. The Manufacturers Life Insurance Company now owns 13,979 shares of the business services provider’s stock valued at $176,000 after purchasing an additional 4,499 shares in the last quarter. California State Teachers Retirement System increased its stake in Aqua Metals by 18.5% in the second quarter. California State Teachers Retirement System now owns 29,440 shares of the business services provider’s stock valued at $369,000 after purchasing an additional 4,600 shares in the last quarter. New York State Common Retirement Fund increased its stake in Aqua Metals by 76.3% in the second quarter. New York State Common Retirement Fund now owns 19,400 shares of the business services provider’s stock valued at $243,000 after purchasing an additional 8,399 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in Aqua Metals in the second quarter valued at $220,000. Finally, State Street Corp increased its stake in Aqua Metals by 16.2% in the second quarter. State Street Corp now owns 208,859 shares of the business services provider’s stock valued at $2,622,000 after purchasing an additional 29,104 shares in the last quarter. 36.63% of the stock is owned by hedge funds and other institutional investors.
AQMS stock opened at $2.62 on Wednesday. The stock has a market cap of $82.50, a price-to-earnings ratio of -2.00 and a beta of 0.18. The company has a quick ratio of 6.38, a current ratio of 6.70 and a debt-to-equity ratio of 0.17. Aqua Metals has a fifty-two week low of $1.42 and a fifty-two week high of $20.72.
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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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