TOMI Environmental Solutions (NASDAQ:TOMZ) Posts Earnings Results, Misses Estimates By $0.01 EPS

TOMI Environmental Solutions (NASDAQ:TOMZ) announced its quarterly earnings data on Friday. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01), Zacks reports. TOMI Environmental Solutions had a negative net margin of 77.33% and a negative return on equity of 56.46%. The company had revenue of $2.01 million for the quarter.

TOMI Environmental Solutions Trading Up 1.3%

TOMZ traded up $0.01 during midday trading on Friday, hitting $0.82. 41,084 shares of the company traded hands, compared to its average volume of 32,418. The business has a 50 day simple moving average of $0.94 and a two-hundred day simple moving average of $0.94. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.82 and a current ratio of 2.08. TOMI Environmental Solutions has a 52-week low of $0.63 and a 52-week high of $1.50.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TOMZ shares. Zacks Research upgraded TOMI Environmental Solutions from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of TOMI Environmental Solutions in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $3.50.

TOMI Environmental Solutions Company Profile

TOMI Environmental Solutions, Inc, a bacteria decontamination and infectious disease control company, engages in the provision of environmental solutions for indoor air and surface disinfection and decontamination in the United States and internationally. The company’s disinfection solutions include SteraPak portable disinfection systems, SteraMist select surface units, SteraMist environment systems, SteraMist total disinfection carts, SteraMist transport units, NV+ fogging disinfection and decontamination systems, SteraMist custom engineered systems, SteraMist Hybrid disinfection systems, SteraMist integrated systems, Stainless Steel 90-Degree applicators, SteraMist plasma decontamination chambers, and iHP Corporate Service Decontamination, which provides full room, equipment, facility, and emergency disinfection and decontamination services.