S&W Seed Company (NASDAQ:SANW) – Investment analysts at Zacks Investment Research decreased their Q2 2018 earnings per share estimates for shares of S&W Seed in a report released on Thursday. Zacks Investment Research analyst I. Gilson now forecasts that the company will post earnings of $0.01 per share for the quarter, down from their previous estimate of $0.02.

S&W Seed (NASDAQ:SANW) last issued its quarterly earnings data on Thursday, September 14th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.03). S&W Seed had a negative return on equity of 2.59% and a negative net margin of 15.68%. The business had revenue of $17.89 million during the quarter, compared to the consensus estimate of $17.34 million. During the same period in the prior year, the firm earned $0.08 EPS. The business’s revenue for the quarter was down 48.3% compared to the same quarter last year.

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A number of other brokerages have also weighed in on SANW. Bank of America Corporation assumed coverage on shares of S&W Seed in a research report on Thursday, June 15th. They set a “buy” rating for the company. ValuEngine lowered shares of S&W Seed from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. B. Riley dropped their target price on shares of S&W Seed from $8.00 to $6.50 and set a “buy” rating for the company in a research report on Wednesday, September 13th. Finally, Craig Hallum lowered shares of S&W Seed from a “buy” rating to a “hold” rating and dropped their target price for the stock from $8.00 to $4.00 in a research report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $5.13.

Shares of S&W Seed (SANW) opened at 3.10 on Monday. The company’s market cap is $55.73 million. The company has a 50 day moving average of $3.34 and a 200 day moving average of $4.08. S&W Seed has a 52 week low of $2.90 and a 52 week high of $5.35.

A number of hedge funds have recently added to or reduced their stakes in the business. Wynnefield Capital Inc. lifted its position in S&W Seed by 12.3% during the first quarter. Wynnefield Capital Inc. now owns 2,386,496 shares of the company’s stock valued at $11,813,000 after purchasing an additional 262,270 shares during the last quarter. Kennedy Capital Management Inc. lifted its position in S&W Seed by 5.5% during the second quarter. Kennedy Capital Management Inc. now owns 873,443 shares of the company’s stock valued at $3,625,000 after purchasing an additional 45,248 shares during the last quarter. Thomson Horstmann & Bryant Inc. lifted its position in S&W Seed by 13.1% during the second quarter. Thomson Horstmann & Bryant Inc. now owns 605,985 shares of the company’s stock valued at $2,514,000 after purchasing an additional 70,195 shares during the last quarter. Cutter & CO Brokerage Inc. lifted its position in S&W Seed by 10.9% during the second quarter. Cutter & CO Brokerage Inc. now owns 585,857 shares of the company’s stock valued at $2,431,000 after purchasing an additional 57,679 shares during the last quarter. Finally, B. Riley Financial Inc. lifted its position in S&W Seed by 63.1% during the second quarter. B. Riley Financial Inc. now owns 158,054 shares of the company’s stock valued at $656,000 after purchasing an additional 61,121 shares during the last quarter. Institutional investors and hedge funds own 56.42% of the company’s stock.

In other S&W Seed news, major shareholder Wynnefield Partners Small Cap acquired 750,000 shares of the stock in a transaction on Wednesday, July 19th. The stock was acquired at an average price of $4.00 per share, for a total transaction of $3,000,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mfp Partners Lp acquired 375,000 shares of the stock in a transaction on Tuesday, August 15th. The shares were acquired at an average price of $3.20 per share, with a total value of $1,200,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 1,321,900 shares of company stock valued at $5,019,104 and have sold 32,219 shares valued at $114,021. 12.10% of the stock is currently owned by corporate insiders.

S&W Seed Company Profile

S&W Seed Company (S&W) is a global agricultural company. The Company focuses on the breeding, production and sale of alfalfa seed. In addition to its primary activities in alfalfa seed, it also offers hybrid sorghum and sunflower seed germplasm. As of June 30, 2016, the Company sold its alfalfa seed varieties in more than 30 countries across the globe.

Earnings History and Estimates for S&W Seed (NASDAQ:SANW)

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