Wall Street analysts predict that Aqua Metals Inc (NASDAQ:AQMS) will post earnings per share of ($0.18) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Aqua Metals’ earnings, with estimates ranging from ($0.25) to ($0.10). Aqua Metals reported earnings of ($0.30) per share in the same quarter last year, which would suggest a positive year over year growth rate of 40%. The company is expected to report its next quarterly earnings report on Wednesday, August 8th.
According to Zacks, analysts expect that Aqua Metals will report full-year earnings of ($0.64) per share for the current year, with EPS estimates ranging from ($0.76) to ($0.52). For the next fiscal year, analysts expect that the firm will post earnings of ($0.27) per share, with EPS estimates ranging from ($0.41) to ($0.12). Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Aqua Metals.
Aqua Metals (NASDAQ:AQMS) last released its quarterly earnings data on Wednesday, May 9th. The business services provider reported ($0.27) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.07). The business had revenue of $1.73 million during the quarter, compared to analyst estimates of $1.32 million. Aqua Metals had a negative net margin of 766.07% and a negative return on equity of 48.44%.
A number of analysts have commented on AQMS shares. National Securities reiterated a “buy” rating and issued a $15.00 price objective on shares of Aqua Metals in a report on Friday, March 16th. HC Wainwright set a $9.00 price objective on shares of Aqua Metals and gave the company a “buy” rating in a report on Friday, March 16th. Finally, ValuEngine upgraded shares of Aqua Metals from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Aqua Metals has a consensus rating of “Buy” and an average target price of $16.40.
AQMS stock opened at $2.82 on Friday. The company has a quick ratio of 4.49, a current ratio of 4.71 and a debt-to-equity ratio of 0.20. Aqua Metals has a 12 month low of $1.42 and a 12 month high of $12.65.
In other news, President Stephen Cotton purchased 30,000 shares of the company’s stock in a transaction dated Monday, June 18th. The stock was acquired at an average price of $2.85 per share, with a total value of $85,500.00. Following the purchase, the president now directly owns 74,500 shares in the company, valued at approximately $212,325. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In the last three months, insiders bought 45,000 shares of company stock valued at $130,675. Corporate insiders own 18.10% of the company’s stock.
Several institutional investors have recently bought and sold shares of AQMS. BNP Paribas Arbitrage SA grew its stake in shares of Aqua Metals by 1,118.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 41,221 shares of the business services provider’s stock valued at $107,000 after buying an additional 37,839 shares during the period. UBS Group AG grew its stake in shares of Aqua Metals by 105.8% in the 1st quarter. UBS Group AG now owns 53,090 shares of the business services provider’s stock valued at $138,000 after buying an additional 27,290 shares during the period. Levin Capital Strategies L.P. purchased a new stake in shares of Aqua Metals in the 1st quarter valued at approximately $144,000. Millennium Management LLC purchased a new stake in shares of Aqua Metals in the 4th quarter valued at approximately $155,000. Finally, Leisure Capital Management grew its stake in shares of Aqua Metals by 97.3% in the 1st quarter. Leisure Capital Management now owns 175,182 shares of the business services provider’s stock valued at $454,000 after buying an additional 86,390 shares during the period. 22.20% of the stock is owned by institutional investors and hedge funds.
About Aqua Metals
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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