S&W Seed Co. (SANW) Announces Earnings Results, Beats Estimates By $0.02 EPS
S&W Seed Co. (NASDAQ:SANW) announced its earnings results on Thursday. The company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.02. S&W Seed Co. had a net margin of 0.38% and a return on equity of 0.70%. The business had revenue of $34.60 million for the quarter. During the same period last year, the firm posted $0.05 EPS. The company’s revenue was up 20.6% compared to the same quarter last year.
Shares of S&W Seed Co. (NASDAQ:SANW) opened at 4.85 on Monday. The firm’s 50-day moving average is $4.78 and its 200-day moving average is $4.49. S&W Seed Co. has a 1-year low of $3.90 and a 1-year high of $5.42. The firm’s market cap is $81.65 million.
In related news, major shareholder Wynnefield Partners Small Cap acquired 18,038 shares of the business’s stock in a transaction dated Monday, June 27th. The stock was bought at an average price of $4.25 per share, with a total value of $76,661.50. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 11.50% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in the stock. Algert Global LLC increased its stake in S&W Seed Co. by 159.4% in the second quarter. Algert Global LLC now owns 32,465 shares of the company’s stock valued at $142,000 after buying an additional 19,951 shares during the last quarter. BlackRock Fund Advisors boosted its stake in S&W Seed Co. by 53.3% in the second quarter. BlackRock Fund Advisors now owns 56,966 shares of the company’s stock worth $248,000 after buying an additional 19,812 shares during the period. Finally, Vanguard Group Inc. boosted its stake in S&W Seed Co. by 3.1% in the second quarter. Vanguard Group Inc. now owns 458,344 shares of the company’s stock worth $1,999,000 after buying an additional 13,831 shares during the period. 60.92% of the stock is owned by institutional investors.
Separately, Roth Capital set a $8.00 price target on shares of S&W Seed Co. and gave the stock a “buy” rating in a research note on Wednesday, September 14th.
About S&W Seed Co.
S&W Seed Company is a producer and distributor of alfalfa seed around the world. The Company’s alfalfa seed business encompasses the production, breeding and sale of non-dormant and dormant conventional varieties, and the potential for production and sale of genetically modified organism (GMO) varieties.
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