Equities research analysts predict that AgroFresh Solutions Inc (NASDAQ:AGFS) will announce sales of $70.36 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for AgroFresh Solutions’ earnings. The highest sales estimate is $70.71 million and the lowest is $70.00 million. AgroFresh Solutions reported sales of $68.70 million in the same quarter last year, which indicates a positive year-over-year growth rate of 2.4%. The business is scheduled to issue its next quarterly earnings report on Wednesday, November 6th.
According to Zacks, analysts expect that AgroFresh Solutions will report full-year sales of $185.13 million for the current financial year, with estimates ranging from $184.60 million to $185.66 million. For the next fiscal year, analysts anticipate that the company will post sales of $189.89 million, with estimates ranging from $187.50 million to $192.27 million. Zacks’ sales averages are an average based on a survey of analysts that cover AgroFresh Solutions.
AgroFresh Solutions (NASDAQ:AGFS) last announced its earnings results on Thursday, August 8th. The basic materials company reported ($0.45) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.05. The company had revenue of $21.18 million during the quarter, compared to analysts’ expectations of $18.90 million. AgroFresh Solutions had a negative net margin of 18.44% and a negative return on equity of 8.77%.
AGFS has been the topic of a number of recent research reports. ValuEngine raised AgroFresh Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. National Securities reissued a “buy” rating and set a $2.50 price target on shares of AgroFresh Solutions in a research report on Friday, August 9th. Finally, Roth Capital started coverage on AgroFresh Solutions in a research report on Tuesday, May 21st. They set a “buy” rating and a $6.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. AgroFresh Solutions presently has an average rating of “Buy” and an average target price of $5.08.
In related news, Director Gregory M. Freiwald acquired 49,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was purchased at an average price of $2.59 per share, for a total transaction of $128,205.00. Following the transaction, the director now owns 114,339 shares in the company, valued at approximately $296,138.01. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have purchased 60,000 shares of company stock valued at $152,825. 1.60% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC increased its position in AgroFresh Solutions by 68.4% during the 2nd quarter. SG Americas Securities LLC now owns 18,039 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 7,330 shares in the last quarter. LPL Financial LLC boosted its stake in AgroFresh Solutions by 90.0% in the 2nd quarter. LPL Financial LLC now owns 19,000 shares of the basic materials company’s stock worth $29,000 after buying an additional 9,000 shares during the last quarter. Bank of America Corp DE boosted its stake in AgroFresh Solutions by 39.5% in the 4th quarter. Bank of America Corp DE now owns 36,369 shares of the basic materials company’s stock worth $137,000 after buying an additional 10,300 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in AgroFresh Solutions by 9.6% in the 4th quarter. Bank of New York Mellon Corp now owns 131,972 shares of the basic materials company’s stock worth $500,000 after buying an additional 11,543 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in AgroFresh Solutions by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 305,477 shares of the basic materials company’s stock worth $1,157,000 after buying an additional 14,229 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.
Shares of AGFS traded up $0.03 during mid-day trading on Friday, reaching $1.53. 105,500 shares of the company’s stock were exchanged, compared to its average volume of 172,149. The company has a quick ratio of 1.66, a current ratio of 1.98 and a debt-to-equity ratio of 1.17. AgroFresh Solutions has a 52-week low of $1.33 and a 52-week high of $6.87. The company has a market cap of $75.11 million, a price-to-earnings ratio of -2.73 and a beta of 0.58. The company has a 50-day simple moving average of $1.58 and a two-hundred day simple moving average of $2.78.
AgroFresh Solutions Company Profile
AgroFresh Solutions, Inc provides data-driven solutions worldwide. The company uses 1-Methylcyclopropene technology, an ethylene action inhibitor to maintain freshness and extend the shelf life of various fresh produce. Its solutions enable growers and packers of fresh produce to preserve and enhance the freshness, quality, and value of fresh produce, including apples, pears, kiwifruit, plums, persimmons avocados, and bananas, as well as flowers.
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