Analysts Anticipate Aqua Metals (AQMS) Will Post Quarterly Sales of $1.02 Million

Equities analysts predict that Aqua Metals (NASDAQ:AQMS) will report sales of $1.02 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Aqua Metals’ earnings, with the lowest sales estimate coming in at $530,000.00 and the highest estimate coming in at $1.50 million. Aqua Metals reported sales of $600,000.00 during the same quarter last year, which would suggest a positive year-over-year growth rate of 70%. The firm is expected to announce its next quarterly earnings results on Wednesday, August 8th.

According to Zacks, analysts expect that Aqua Metals will report full year sales of $18.13 million for the current fiscal year, with estimates ranging from $10.15 million to $26.10 million. For the next financial year, analysts anticipate that the firm will report sales of $72.44 million per share, with estimates ranging from $51.47 million to $93.40 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Aqua Metals.

Aqua Metals (NASDAQ:AQMS) last announced its quarterly earnings results on Wednesday, May 9th. The business services provider reported ($0.27) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by ($0.07). Aqua Metals had a negative net margin of 766.07% and a negative return on equity of 48.44%. The business had revenue of $1.73 million during the quarter, compared to analyst estimates of $1.32 million.

Several brokerages have recently commented on AQMS. EuroPacific Canada reaffirmed a “buy” rating and issued a $12.00 price target (down previously from $17.00) on shares of Aqua Metals in a research note on Friday, February 16th. HC Wainwright set a $9.00 price target on Aqua Metals and gave the company a “buy” rating in a research note on Friday, March 16th. Oppenheimer reaffirmed a “buy” rating on shares of Aqua Metals in a research note on Monday, February 12th. Zacks Investment Research lowered Aqua Metals from a “hold” rating to a “sell” rating in a research note on Monday, February 5th. Finally, ValuEngine raised Aqua Metals from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $17.83.

Shares of Aqua Metals stock traded up $0.33 during trading hours on Friday, hitting $3.55. The company’s stock had a trading volume of 788,103 shares, compared to its average volume of 1,394,614. Aqua Metals has a twelve month low of $1.42 and a twelve month high of $13.85. The firm has a market cap of $92.39 million, a PE ratio of -2.98 and a beta of -0.01. The company has a quick ratio of 4.49, a current ratio of 4.71 and a debt-to-equity ratio of 0.20.

Hedge funds have recently bought and sold shares of the stock. Prescott Group Capital Management L.L.C. purchased a new stake in shares of Aqua Metals in the 4th quarter valued at $471,000. Wolverine Asset Management LLC purchased a new stake in shares of Aqua Metals in the 4th quarter valued at $1,887,000. Selz Capital LLC raised its holdings in shares of Aqua Metals by 402.7% in the 4th quarter. Selz Capital LLC now owns 553,000 shares of the business services provider’s stock valued at $1,178,000 after buying an additional 443,000 shares during the period. AWM Investment Company Inc. raised its holdings in shares of Aqua Metals by 62.4% in the 4th quarter. AWM Investment Company Inc. now owns 2,405,046 shares of the business services provider’s stock valued at $5,123,000 after buying an additional 923,668 shares during the period. Finally, Deutsche Bank AG raised its holdings in shares of Aqua Metals by 2,625.6% in the 4th quarter. Deutsche Bank AG now owns 426,200 shares of the business services provider’s stock valued at $906,000 after buying an additional 410,563 shares during the period. Hedge funds and other institutional investors own 34.83% of the company’s stock.

Aqua Metals Company Profile

Aqua Metals, Inc engages in the recycling of lead primarily in the United States. It produces and sells hard lead, lead compounds, and plastics. The company was founded in 2014 and is headquartered in Alameda, California.

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