Wall Street brokerages expect that S&W Seed (NASDAQ:SANW) will report $20.00 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for S&W Seed’s earnings. S&W Seed reported sales of $20.53 million in the same quarter last year, which indicates a negative year over year growth rate of 2.6%. The business is expected to report its next earnings report on Thursday, February 14th.
According to Zacks, analysts expect that S&W Seed will report full year sales of $78.61 million for the current year, with estimates ranging from $78.10 million to $79.12 million. For the next financial year, analysts forecast that the business will post sales of $85.50 million, with estimates ranging from $85.00 million to $86.00 million. Zacks’ sales averages are an average based on a survey of analysts that follow S&W Seed.
S&W Seed (NASDAQ:SANW) last released its earnings results on Thursday, November 8th. The company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.08. The business had revenue of $26.12 million for the quarter, compared to analyst estimates of $15.00 million. S&W Seed had a negative net margin of 3.63% and a negative return on equity of 2.21%.
Separately, B. Riley decreased their target price on shares of S&W Seed from $4.50 to $4.00 and set a “buy” rating on the stock in a research note on Monday, September 24th.
Several institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of S&W Seed by 398.6% during the second quarter. Dimensional Fund Advisors LP now owns 126,023 shares of the company’s stock worth $410,000 after purchasing an additional 100,748 shares during the period. S. Muoio & CO. LLC acquired a new stake in shares of S&W Seed during the third quarter worth $504,000. Finally, Koshinski Asset Management Inc. lifted its holdings in shares of S&W Seed by 197.1% during the third quarter. Koshinski Asset Management Inc. now owns 268,488 shares of the company’s stock worth $658,000 after buying an additional 178,120 shares in the last quarter. Institutional investors and hedge funds own 71.27% of the company’s stock.
Shares of S&W Seed stock remained flat at $$2.75 during trading hours on Tuesday. 4,851 shares of the stock traded hands, compared to its average volume of 17,131. The firm has a market capitalization of $72.70 million, a price-to-earnings ratio of -12.50 and a beta of -0.47. The company has a quick ratio of 0.48, a current ratio of 1.66 and a debt-to-equity ratio of 0.14. S&W Seed has a 52 week low of $2.35 and a 52 week high of $4.40.
About S&W Seed
S&W Seed Company, an agricultural company, engages in breeding, growing, processing, and selling alfalfa seeds. The company sells its seeds to distributors and dealers in approximately 30 countries worldwide. S&W Seed Company was founded in 1980 and is headquartered in Sacramento, California.
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