Equities research analysts forecast that Aqua Metals, Inc. (NASDAQ:AQMS) will post sales of $650,000.00 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 business is scheduled to issue its next earnings report on Monday, November 6th.

On average, analysts expect that Aqua Metals will report full year sales of $650,000.00 for the current year, with estimates ranging from $2.70 million to $3.13 million. For the next financial year, analysts anticipate that the firm 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 averages are a mean average based on a survey of research firms that that provide coverage for Aqua Metals.

Aqua Metals (NASDAQ:AQMS) last posted its 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 business had revenue of $0.60 million during the quarter, compared to the consensus estimate of $1.23 million.

Several research firms recently weighed in on AQMS. ValuEngine raised Aqua Metals from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Rodman & Renshaw began coverage on Aqua Metals in a report on Sunday, July 2nd. They set a “buy” rating and a $25.00 price objective on the stock. HC Wainwright began coverage on Aqua Metals in a report on Thursday, June 22nd. They set a “buy” rating and a $25.00 price objective on the stock. Finally, Zacks Investment Research raised Aqua Metals from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Two 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 a consensus target price of $26.33.

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A number of hedge funds and other institutional investors have recently made changes to their positions in AQMS. AWM Investment Company Inc. increased its position in shares of Aqua Metals by 11.1% in the second quarter. AWM Investment Company Inc. now owns 1,460,637 shares of the business services provider’s stock valued at $18,331,000 after buying an additional 145,480 shares during the last quarter. Robecosam AG increased its position in shares of Aqua Metals by 32.0% in the second quarter. Robecosam AG now owns 424,000 shares of the business services provider’s stock valued at $5,287,000 after buying an additional 102,900 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Aqua Metals by 18.5% in the second quarter. California State Teachers Retirement System now owns 29,440 shares of the business services provider’s stock valued at $369,000 after buying an additional 4,600 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Aqua Metals by 47.5% in the second quarter. The Manufacturers Life Insurance Company now owns 13,979 shares of the business services provider’s stock worth $176,000 after buying an additional 4,499 shares in the last quarter. Finally, State Street Corp increased its position in shares of Aqua Metals by 16.2% in the second quarter. State Street Corp now owns 208,859 shares of the business services provider’s stock worth $2,622,000 after buying an additional 29,104 shares in the last quarter. 42.63% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Aqua Metals (AQMS) opened at 7.50 on Thursday. The company’s market capitalization is $151.24 million. The firm has a 50-day moving average price of $10.41 and a 200-day moving average price of $14.13. Aqua Metals has a 1-year low of $6.83 and a 1-year high of $22.75.

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

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