Wall Street brokerages expect Aqua Metals, Inc. (NASDAQ:AQMS) to report ($0.26) earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for Aqua Metals’ earnings, with the lowest EPS estimate coming in at ($0.26) and the highest estimate coming in at ($0.25). Aqua Metals reported earnings of ($0.23) per share during the same quarter last year, which indicates a negative year over year growth rate of 13%. The firm is expected to report its next 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 fiscal year, with EPS estimates ranging from ($1.17) to ($1.06). For the next year, analysts expect that the firm will post earnings of ($0.45) per share, with EPS estimates ranging from ($0.63) to ($0.36). Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for Aqua Metals.
Aqua Metals (NASDAQ:AQMS) last announced its earnings results on Wednesday, August 9th. The business services provider reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.10). The business had revenue of $0.60 million for the quarter, compared to analyst estimates of $1.23 million.
A number of brokerages have issued reports on AQMS. Zacks Investment Research raised shares of Aqua Metals from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. HC Wainwright reaffirmed a “buy” rating and set a $25.00 price objective on shares of Aqua Metals in a report on Monday, August 14th. ValuEngine lowered shares of Aqua Metals from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, Rodman & Renshaw assumed coverage on shares of Aqua Metals in a report on Sunday, July 2nd. They issued a “buy” rating and a $25.00 target price for the company. Two analysts have rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $26.33.
Shares of Aqua Metals (NASDAQ AQMS) traded down 1.96% during midday trading on Friday, reaching $5.49. 237,041 shares of the company’s stock traded hands. Aqua Metals has a one year low of $5.45 and a one year high of $18.39. The firm’s market capitalization is $110.71 million. The stock’s 50-day moving average price is $6.55 and its 200 day moving average price is $6.55.
Institutional investors and hedge funds have recently modified their holdings of the stock. American International Group Inc. lifted its position in Aqua Metals by 8.1% in the first quarter. American International Group Inc. now owns 6,678 shares of the business services provider’s stock worth $130,000 after buying an additional 499 shares during the last quarter. First Mercantile Trust Co. bought a new stake in Aqua Metals in the second quarter worth $126,000. Janus Henderson Group PLC bought a new stake in Aqua Metals in the second quarter worth $149,000. Sigma Planning Corp bought a new stake in Aqua Metals in the second quarter worth $150,000. Finally, Virtu KCG Holdings LLC bought a new stake in Aqua Metals in the second quarter worth $160,000. Institutional investors own 42.63% of the company’s stock.
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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