Analysts predict that Aqua Metals, Inc. (NASDAQ:AQMS) will report ($0.29) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Aqua Metals’ earnings, with estimates ranging from ($0.29) to ($0.28). Aqua Metals posted earnings of ($0.30) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 3.3%. The business is scheduled to issue its next quarterly earnings results on Tuesday, February 13th.
According to Zacks, analysts expect that Aqua Metals will report full year earnings of ($1.22) per share for the current year, with EPS estimates ranging from ($1.28) to ($1.15). For the next financial year, analysts expect that the firm will post earnings of ($0.79) per share, with EPS estimates ranging from ($0.95) to ($0.63). Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Aqua Metals.
Aqua Metals (NASDAQ:AQMS) last posted its earnings results on Thursday, November 9th. The business services provider reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.04). The company had revenue of $0.59 million during the quarter, compared to analysts’ expectations of $0.65 million.
A number of equities analysts have issued reports on AQMS shares. Zacks Investment Research lowered Aqua Metals from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $34.00 price target on shares of Aqua Metals in a research note on Friday, November 10th. HC Wainwright reaffirmed a “buy” rating on shares of Aqua Metals in a research note on Friday, November 10th. Finally, ValuEngine lowered Aqua Metals from a “hold” rating to a “sell” rating in a research note 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. The company currently has an average rating of “Buy” and an average price target of $28.60.
Several institutional investors have recently modified their holdings of the company. American International Group Inc. boosted its position in shares of 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 period. Boston Partners raised its holdings in shares of Aqua Metals by 1.1% during the second quarter. Boston Partners now owns 56,300 shares of the business services provider’s stock worth $707,000 after acquiring an additional 600 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Aqua Metals by 47.5% during the second quarter. The Manufacturers Life Insurance Company now owns 13,979 shares of the business services provider’s stock worth $176,000 after acquiring an additional 4,499 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of Aqua Metals by 18.5% during the second quarter. California State Teachers Retirement System now owns 29,440 shares of the business services provider’s stock worth $369,000 after acquiring an additional 4,600 shares in the last quarter. Finally, Teachers Advisors LLC raised its holdings in shares of Aqua Metals by 17.7% during the second quarter. Teachers Advisors LLC now owns 30,805 shares of the business services provider’s stock worth $387,000 after acquiring an additional 4,643 shares in the last quarter. 38.87% of the stock is owned by institutional investors and hedge funds.
Aqua Metals (AQMS) traded down $0.13 on Friday, reaching $3.18. The company had a trading volume of 92,546 shares, compared to its average volume of 329,110. Aqua Metals has a 12-month low of $2.90 and a 12-month high of $22.75. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.77 and a current ratio of 4.01.
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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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