Analysts expect that Aqua Metals, Inc. (NASDAQ:AQMS) will post $1.62 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Aqua Metals’ earnings, with the lowest sales estimate coming in at $1.50 million and the highest estimate coming in at $1.75 million. The company is scheduled to issue its next quarterly earnings results on Tuesday, February 13th.
According to Zacks, analysts expect that Aqua Metals will report full-year sales of $1.62 million for the current year, with estimates ranging from $2.70 million to $2.94 million. For the next year, analysts anticipate that the firm will report sales of $29.02 million per share, with estimates ranging from $17.54 million to $40.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Aqua Metals.
Aqua Metals (NASDAQ:AQMS) last posted its quarterly earnings results on Thursday, November 9th. The business services provider reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.04). Aqua Metals had a negative return on equity of 46.41% and a negative net margin of 1,067.91%. The company had revenue of $0.59 million for the quarter, compared to analysts’ expectations of $0.65 million.
Several research firms have recently commented on AQMS. Zacks Investment Research lowered Aqua Metals from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. HC Wainwright reissued a “buy” rating and set a $25.00 price objective on shares of Aqua Metals in a research report on Monday, August 14th. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $34.00 price objective on shares of Aqua Metals in a research report on Friday, November 10th. Finally, ValuEngine downgraded Aqua Metals from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Two analysts have rated the stock with a sell rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $28.60.
Large investors have recently modified their holdings of the stock. American International Group Inc. increased its position in shares of Aqua Metals by 8.1% during the 1st quarter. American International Group Inc. now owns 6,678 shares of the business services provider’s stock worth $130,000 after purchasing an additional 499 shares during the last quarter. First Mercantile Trust Co. acquired a new stake in shares of Aqua Metals during the 2nd quarter worth about $126,000. Janus Henderson Group PLC acquired a new stake in shares of Aqua Metals during the 2nd quarter worth about $149,000. Sigma Planning Corp acquired a new stake in shares of Aqua Metals during the 2nd quarter worth about $150,000. Finally, Virtu KCG Holdings LLC acquired a new stake in shares of Aqua Metals during the 2nd quarter worth about $160,000. 38.87% of the stock is owned by hedge funds and other institutional investors.
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Aqua Metals (AQMS) opened at $3.36 on Tuesday. Aqua Metals has a fifty-two week low of $2.90 and a fifty-two week high of $22.75. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.77 and a current ratio of 4.01.
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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