Brokerages expect Aqua Metals, Inc. (NASDAQ:AQMS) to announce $650,000.00 in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Aqua Metals’ earnings, with the lowest sales estimate coming in at $600,000.00 and the highest estimate coming in at $690,000.00. The company is scheduled to announce its next quarterly earnings results on Monday, November 6th.

According to Zacks, analysts expect that Aqua Metals will report full-year sales of $650,000.00 for the current fiscal year, with estimates ranging from $2.70 million to $3.13 million. For the next financial year, analysts anticipate that the company will post sales of $52.77 million per share, with estimates ranging from $40.50 million to $65.04 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Aqua Metals.

Aqua Metals (NASDAQ:AQMS) last posted its quarterly earnings results on Wednesday, August 9th. The business services provider reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.10). The firm had revenue of $0.60 million during the quarter, compared to analyst estimates of $1.23 million.

AQMS has been the subject of several research reports. ValuEngine upgraded Aqua Metals from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Rodman & Renshaw initiated coverage on Aqua Metals in a research report on Thursday, June 22nd. They set a “buy” rating and a $25.00 price objective for the company. HC Wainwright initiated coverage on Aqua Metals in a research report on Thursday, June 22nd. They set a “buy” rating and a $25.00 price objective for the company. Finally, Zacks Investment Research upgraded Aqua Metals from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $26.33.

Several institutional investors have recently modified their holdings of the stock. American International Group Inc. raised its position in shares of Aqua Metals by 8.1% during the 1st 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 during the last quarter. Boston Partners raised its position in shares of Aqua Metals by 1.1% during the 2nd quarter. Boston Partners now owns 56,300 shares of the business services provider’s stock worth $707,000 after purchasing an additional 600 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Aqua Metals by 34.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 13,733 shares of the business services provider’s stock worth $268,000 after purchasing an additional 3,543 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Aqua Metals by 47.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,979 shares of the business services provider’s stock worth $176,000 after purchasing an additional 4,499 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in shares of Aqua Metals by 18.5% during the 2nd quarter. California State Teachers Retirement System now owns 29,440 shares of the business services provider’s stock worth $369,000 after purchasing an additional 4,600 shares during the last quarter. Hedge funds and other institutional investors own 42.63% of the company’s stock.

Shares of Aqua Metals (AQMS) opened at 5.49 on Friday. The stock has a 50 day moving average price of $6.55 and a 200-day moving average price of $6.55. Aqua Metals has a 52-week low of $5.45 and a 52-week high of $18.39. The stock’s market capitalization is $110.71 million.

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About Aqua Metals

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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Earnings History and Estimates for Aqua Metals (NASDAQ:AQMS)

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