Analysts Anticipate Aqua Metals, Inc. (AQMS) Will Post Earnings of -$0.26 Per Share
Analysts expect Aqua Metals, Inc. (NASDAQ:AQMS) to report ($0.26) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Aqua Metals’ earnings, with the highest EPS estimate coming in at ($0.25) and the lowest estimate coming in at ($0.26). Aqua Metals posted earnings of ($0.23) per share during the same quarter last year, which suggests a negative year over year growth rate of 13%. The firm is expected to report its next quarterly earnings results on Monday, November 6th.
On average, analysts expect that Aqua Metals will report full-year earnings of ($1.13) per share for the current year, with EPS estimates ranging from ($1.17) to ($1.06). For the next financial year, analysts anticipate that the firm will report earnings of ($0.45) per share, with EPS estimates ranging from ($0.63) to ($0.36). Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Aqua Metals.
Aqua Metals (NASDAQ:AQMS) last posted its quarterly earnings results on Wednesday, August 9th. The business services provider reported ($0.30) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by $0.10. The company had revenue of $0.60 million for the quarter, compared to analysts’ expectations of $1.23 million.
AQMS has been the topic of several research analyst reports. ValuEngine cut Aqua Metals from a “hold” rating to a “sell” rating in a research note on Saturday, May 20th. HC Wainwright started coverage on Aqua Metals in a report on Thursday, June 22nd. They set a “buy” rating and a $25.00 price target for the company. Rodman & Renshaw started coverage on Aqua Metals in a report on Thursday, June 22nd. They set a “buy” rating and a $25.00 price target for the company. Finally, Zacks Investment Research lowered Aqua Metals from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $26.33.
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Several large investors have recently made changes to their positions in AQMS. AWM Investment Company Inc. raised its stake 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 in the last quarter. Frontier Capital Management Co. LLC raised its stake in shares of Aqua Metals by 2,063.6% in the second quarter. Frontier Capital Management Co. LLC now owns 1,082,592 shares of the business services provider’s stock valued at $13,587,000 after buying an additional 1,032,556 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Aqua Metals by 35.9% in the second quarter. Wells Fargo & Company MN now owns 895,775 shares of the business services provider’s stock valued at $11,241,000 after buying an additional 236,420 shares in the last quarter. Doheny Asset Management CA raised its stake in shares of Aqua Metals by 26.2% in the first quarter. Doheny Asset Management CA now owns 789,425 shares of the business services provider’s stock valued at $15,425,000 after buying an additional 163,725 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Aqua Metals by 22.4% in the second quarter. Vanguard Group Inc. now owns 630,467 shares of the business services provider’s stock valued at $7,912,000 after buying an additional 115,233 shares in the last quarter. Institutional investors and hedge funds own 42.63% of the company’s stock.
Aqua Metals (AQMS) traded down 2.29% on Tuesday, reaching $7.24. 77,675 shares of the company traded hands. The stock’s market capitalization is $145.99 million. Aqua Metals has a 52-week low of $6.83 and a 52-week high of $22.75. The firm has a 50 day moving average price of $9.88 and a 200 day moving average price of $13.96.
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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