Wall Street analysts expect Aqua Metals, Inc. (NASDAQ:AQMS) to announce sales of $1.62 million for the current quarter, Zacks reports. Two analysts have provided estimates for Aqua Metals’ earnings. The highest sales estimate is $1.75 million and the lowest is $1.50 million. The firm is expected to report its next earnings report on Tuesday, February 13th.

On average, analysts expect that Aqua Metals will report full-year sales of $1.62 million for the current fiscal year, with estimates ranging from $2.70 million to $2.94 million. For the next fiscal year, analysts anticipate that the business will post sales of $29.02 million per share, with estimates ranging from $17.54 million to $40.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Aqua Metals.

Aqua Metals (NASDAQ:AQMS) last issued its quarterly earnings results on Thursday, November 9th. The business services provider reported ($0.31) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by ($0.04). The business had revenue of $0.59 million during the quarter, compared to the consensus estimate of $0.65 million.

Several research analysts have weighed in on the company. Zacks Investment Research downgraded Aqua Metals from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Oppenheimer reiterated a “buy” rating and issued a $34.00 price target on shares of Aqua Metals in a report on Friday, November 10th. HC Wainwright restated a “buy” rating on shares of Aqua Metals in a report on Friday, November 10th. Finally, ValuEngine downgraded Aqua Metals from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Two research analysts have rated the stock with a sell rating and six have issued a buy rating to the company. Aqua Metals currently has an average rating of “Buy” and a consensus target price of $28.60.

Hedge funds have recently added to or reduced their stakes in the company. First Mercantile Trust Co. acquired a new stake in shares of Aqua Metals during the 2nd quarter worth $126,000. Janus Henderson Group PLC acquired a new stake in shares of Aqua Metals during the 2nd quarter worth $149,000. Sigma Planning Corp acquired a new stake in shares of Aqua Metals during the 2nd quarter worth $150,000. Virtu KCG Holdings LLC purchased a new stake in Aqua Metals during the 2nd quarter worth $160,000. Finally, The Manufacturers Life Insurance Company boosted its position in Aqua Metals by 47.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,979 shares of the business services provider’s stock worth $176,000 after purchasing an additional 4,499 shares during the period. Institutional investors and hedge funds own 39.05% of the company’s stock.

Aqua Metals (AQMS) opened at $1.98 on Friday. The company has a quick ratio of 3.77, a current ratio of 4.01 and a debt-to-equity ratio of 0.19. Aqua Metals has a twelve month low of $1.96 and a twelve month high of $22.75.

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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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