Wall Street brokerages forecast that Aqua Metals Inc (NASDAQ:AQMS) will announce $550,000.00 in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Aqua Metals’ earnings, with the lowest sales estimate coming in at $500,000.00 and the highest estimate coming in at $600,000.00. Aqua Metals posted sales of $590,000.00 during the same quarter last year, which suggests a negative year-over-year growth rate of 6.8%. The business is scheduled to announce its next earnings report on Thursday, November 8th.
According to Zacks, analysts expect that Aqua Metals will report full year sales of $3.66 million for the current fiscal year, with estimates ranging from $3.21 million to $4.10 million. For the next financial year, analysts anticipate that the company will post sales of $16.69 million per share, with estimates ranging from $10.77 million to $22.60 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Aqua Metals.
Aqua Metals (NASDAQ:AQMS) last posted its quarterly earnings results on Wednesday, August 8th. The business services provider reported ($0.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.15). The business had revenue of $0.48 million for the quarter, compared to the consensus estimate of $1.02 million. Aqua Metals had a negative return on equity of 52.14% and a negative net margin of 833.24%.
In other Aqua Metals news, President Stephen Cotton purchased 30,000 shares of the company’s stock in a transaction that occurred on Monday, June 18th. The stock was acquired at an average cost of $2.85 per share, with a total value of $85,500.00. Following the completion of the purchase, the president now directly owns 74,500 shares in the company, valued at approximately $212,325. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have purchased 51,400 shares of company stock valued at $146,611. 18.10% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of the business. BlackRock Inc. increased its stake in Aqua Metals by 1.8% in the first quarter. BlackRock Inc. now owns 907,610 shares of the business services provider’s stock valued at $2,352,000 after purchasing an additional 16,396 shares in the last quarter. Manatuck Hill Partners LLC bought a new stake in Aqua Metals in the second quarter valued at approximately $1,800,000. Millennium Management LLC increased its stake in Aqua Metals by 605.5% in the first quarter. Millennium Management LLC now owns 511,847 shares of the business services provider’s stock valued at $1,326,000 after purchasing an additional 439,299 shares in the last quarter. Wolverine Asset Management LLC increased its stake in Aqua Metals by 1,008.9% in the second quarter. Wolverine Asset Management LLC now owns 470,376 shares of the business services provider’s stock valued at $1,354,000 after purchasing an additional 427,958 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Aqua Metals in the fourth quarter valued at approximately $994,000. 27.85% of the stock is owned by hedge funds and other institutional investors.
Shares of AQMS traded up $0.02 on Friday, reaching $2.37. 3,059 shares of the company’s stock were exchanged, compared to its average volume of 414,369. The company has a debt-to-equity ratio of 0.12, a current ratio of 6.27 and a quick ratio of 6.07. The company has a market cap of $88.04 million, a price-to-earnings ratio of -1.98 and a beta of 0.08. Aqua Metals has a 12 month low of $1.42 and a 12 month high of $8.17.
Aqua Metals Company Profile
Aqua Metals, Inc engages in the recycling of lead primarily in the United States. It produces and sells hard lead, lead compounds, and plastics. The company was founded in 2014 and is headquartered in Alameda, California.
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