-$0.29 EPS Expected for Aqua Metals, Inc. (AQMS) This Quarter
Brokerages expect that Aqua Metals, Inc. (NASDAQ:AQMS) will post earnings of ($0.29) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Aqua Metals’ earnings, with the lowest EPS estimate coming in at ($0.29) and the highest estimate coming in at ($0.28). Aqua Metals posted earnings of ($0.30) per share during the same quarter last year, which would indicate a positive year over year growth rate of 3.3%. The firm is expected to issue its next earnings report on Tuesday, February 13th.
On average, analysts expect that Aqua Metals will report full year earnings of ($1.22) per share for the current fiscal year, with EPS estimates ranging from ($1.28) to ($1.15). For the next year, analysts anticipate that the firm will post earnings of ($0.79) per share, with EPS estimates ranging from ($0.95) to ($0.63). Zacks’ EPS 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) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.27) by ($0.04). The business had revenue of $0.59 million during the quarter, compared to the consensus estimate of $0.65 million.
A number of analysts have weighed in on AQMS shares. Zacks Investment Research upgraded Aqua Metals from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. HC Wainwright restated a “buy” rating on shares of Aqua Metals in a research note on Friday, November 10th. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $34.00 price target on shares of Aqua Metals in a research note on Friday, November 10th. Finally, ValuEngine cut Aqua Metals from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $28.60.
Institutional investors and hedge funds have recently bought and sold shares of the company. American International Group Inc. increased its position in shares of Aqua Metals by 8.1% during the first 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 in the last quarter. First Mercantile Trust Co. acquired a new stake in shares of Aqua Metals during the second quarter worth about $126,000. Janus Henderson Group PLC acquired a new stake in shares of Aqua Metals during the second quarter worth about $149,000. Sigma Planning Corp acquired a new stake in shares of Aqua Metals during the second quarter worth about $150,000. Finally, Virtu KCG Holdings LLC acquired a new stake in shares of Aqua Metals during the second quarter worth about $160,000. Institutional investors and hedge funds own 38.87% of the company’s stock.
Aqua Metals (AQMS) traded down $0.16 during trading on Friday, reaching $3.06. The company’s stock had a trading volume of 133,786 shares, compared to its average volume of 327,739. Aqua Metals has a one year low of $2.90 and a one year 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.
Aqua Metals Company Profile
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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