Wall Street analysts expect Aqua Metals, Inc. (NASDAQ:AQMS) to report earnings per share (EPS) of ($0.21) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Aqua Metals’ earnings, with the lowest EPS estimate coming in at ($0.23) and the highest estimate coming in at ($0.19). Aqua Metals posted earnings per share of ($0.20) in the same quarter last year, which would indicate a negative year over year growth rate of 5%. The company is scheduled to report its next quarterly earnings results after the market closes on Wednesday, August 9th.
According to Zacks, analysts expect that Aqua Metals will report full year earnings of ($0.95) per share for the current year, with EPS estimates ranging from ($1.05) to ($0.86). For the next fiscal year, analysts anticipate that the firm will report earnings of ($0.39) per share, with EPS estimates ranging from ($0.43) to ($0.34). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Aqua Metals.
Aqua Metals (NASDAQ:AQMS) last announced its quarterly earnings data on Tuesday, May 9th. The business services provider reported ($0.26) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.18) by $0.08.
AQMS has been the topic of a number of recent analyst reports. ValuEngine upgraded Aqua Metals from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Rodman & Renshaw assumed coverage on Aqua Metals in a report on Sunday, July 2nd. They set a “buy” rating and a $25.00 price objective for the company. Finally, HC Wainwright assumed coverage on Aqua Metals in a report on Thursday, June 22nd. They set a “buy” rating and a $25.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $26.33.
In related news, major shareholder Interstate Batteries, Inc. sold 72,783 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $16.95, for a total transaction of $1,233,671.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Thomas Michael Murphy sold 20,000 shares of Aqua Metals stock in a transaction on Monday, May 8th. The shares were sold at an average price of $17.52, for a total value of $350,400.00. Following the sale, the chief financial officer now directly owns 725,455 shares of the company’s stock, valued at $12,709,971.60. The disclosure for this sale can be found here. Insiders have sold a total of 308,703 shares of company stock valued at $5,230,475 in the last 90 days. 19.70% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of AQMS. Russell Investments Group Ltd. acquired a new position in shares of Aqua Metals during the fourth quarter valued at $455,000. State Street Corp increased its stake in Aqua Metals by 4.4% in the fourth quarter. State Street Corp now owns 146,644 shares of the business services provider’s stock valued at $1,922,000 after buying an additional 6,163 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Aqua Metals during the fourth quarter valued at $274,000. Teachers Advisors LLC increased its stake in Aqua Metals by 47.7% in the fourth quarter. Teachers Advisors LLC now owns 24,614 shares of the business services provider’s stock valued at $323,000 after buying an additional 7,945 shares during the last quarter. Finally, DnB Asset Management AS purchased a new stake in Aqua Metals during the first quarter valued at $285,000. 40.13% of the stock is owned by institutional investors and hedge funds.
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Aqua Metals (AQMS) traded down 1.07% during mid-day trading on Friday, reaching $12.04. 103,273 shares of the company’s stock traded hands. The stock’s market cap is $242.50 million. Aqua Metals has a 12 month low of $8.13 and a 12 month high of $22.75. The company has a 50 day moving average price of $12.38 and a 200-day moving average price of $14.60.
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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