Aqua Metals Inc to Post FY2021 Earnings of $0.88 Per Share, Oppenheimer Forecasts (AQMS)

Aqua Metals Inc (NASDAQ:AQMS) – Oppenheimer reduced their FY2021 earnings estimates for shares of Aqua Metals in a research note issued on Thursday, November 8th. Oppenheimer analyst C. Rusch now anticipates that the business services provider will earn $0.88 per share for the year, down from their prior forecast of $0.94.

Aqua Metals (NASDAQ:AQMS) last announced its quarterly earnings data on Wednesday, November 7th. The business services provider reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.02). The business had revenue of $1.17 million during the quarter, compared to analyst estimates of $0.60 million. Aqua Metals had a negative net margin of 833.24% and a negative return on equity of 52.14%.

AQMS has been the topic of a number of other reports. ValuEngine raised Aqua Metals from a “hold” rating to a “buy” rating in a research note on Friday, September 7th. Zacks Investment Research raised Aqua Metals from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. National Securities set a $10.00 price objective on Aqua Metals and gave the company a “buy” rating in a research note on Thursday. Finally, HC Wainwright reissued a “buy” rating and issued a $4.00 price objective on shares of Aqua Metals in a research note on Thursday, August 9th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $14.40.

Shares of NASDAQ:AQMS opened at $2.60 on Friday. The stock has a market capitalization of $90.29 million, a PE ratio of -2.18 and a beta of 0.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 6.07 and a current ratio of 6.27. Aqua Metals has a 1 year low of $1.42 and a 1 year high of $4.28.

A number of institutional investors have recently modified their holdings of AQMS. Northern Trust Corp increased its position in Aqua Metals by 28.3% in the 1st quarter. Northern Trust Corp now owns 236,980 shares of the business services provider’s stock valued at $614,000 after buying an additional 52,260 shares in the last quarter. BlackRock Inc. increased its position in Aqua Metals by 1.8% in the 1st quarter. BlackRock Inc. now owns 907,610 shares of the business services provider’s stock valued at $2,352,000 after buying an additional 16,396 shares in the last quarter. UBS Group AG increased its position in Aqua Metals by 105.8% in the 1st quarter. UBS Group AG now owns 53,090 shares of the business services provider’s stock valued at $138,000 after buying an additional 27,290 shares in the last quarter. Millennium Management LLC increased its position in Aqua Metals by 605.5% in the 1st quarter. Millennium Management LLC now owns 511,847 shares of the business services provider’s stock valued at $1,326,000 after buying an additional 439,299 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in Aqua Metals by 656.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 312,009 shares of the business services provider’s stock valued at $899,000 after buying an additional 270,788 shares in the last quarter. 27.65% of the stock is owned by institutional investors and hedge funds.

About Aqua Metals

Aqua Metals, Inc engages in the recycling of lead primarily in the United States. It produces and sells hard lead, lead compounds, and plastics. The company was founded in 2014 and is headquartered in Alameda, California.

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