Analysts Expect Aqua Metals Inc (AQMS) Will Post Quarterly Sales of $1.32 Million

Brokerages expect Aqua Metals Inc (NASDAQ:AQMS) to post sales of $1.32 million for the current quarter, according to Zacks. Two analysts have issued estimates for Aqua Metals’ earnings. The lowest sales estimate is $1.30 million and the highest is $1.35 million. The company is scheduled to issue its next earnings report on Tuesday, May 8th.

According to Zacks, analysts expect that Aqua Metals will report full-year sales of $1.32 million for the current financial year, with estimates ranging from $10.80 million to $28.10 million. For the next fiscal year, analysts expect that the firm will post sales of $72.43 million per share, with estimates ranging from $51.47 million to $93.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Aqua Metals.

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Aqua Metals (NASDAQ:AQMS) last issued its quarterly earnings data on Thursday, March 15th. The business services provider reported ($0.32) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.10). The business had revenue of $0.90 million during the quarter, compared to the consensus estimate of $1.27 million.

A number of research analysts have commented on AQMS shares. Oppenheimer restated a “buy” rating on shares of Aqua Metals in a research note on Monday, February 12th. Zacks Investment Research upgraded Aqua Metals from a “sell” rating to a “hold” rating in a research note on Wednesday, December 13th. EuroPacific Canada restated a “buy” rating and set a $12.00 price objective (down previously from $17.00) on shares of Aqua Metals in a research note on Friday, February 16th. Eurobank EFG reduced their price objective on Aqua Metals from $17.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, February 14th. Finally, HC Wainwright restated a “buy” rating and set a $9.00 price objective on shares of Aqua Metals in a research note on Tuesday, March 6th. Two investment analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $17.83.

Several large investors have recently added to or reduced their stakes in AQMS. Millennium Management LLC acquired a new position in shares of Aqua Metals in the fourth quarter worth about $155,000. The Manufacturers Life Insurance Company lifted its stake in shares of Aqua Metals by 47.5% in 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. JPMorgan Chase & Co. acquired a new position in shares of Aqua Metals in the third quarter worth about $215,000. Goldman Sachs Group Inc. acquired a new position in shares of Aqua Metals in the second quarter worth about $220,000. Finally, New York State Common Retirement Fund lifted its stake in shares of Aqua Metals by 76.3% in the second quarter. New York State Common Retirement Fund now owns 19,400 shares of the business services provider’s stock worth $243,000 after acquiring an additional 8,399 shares in the last quarter. Institutional investors and hedge funds own 35.17% of the company’s stock.

Shares of AQMS stock traded up $0.12 on Wednesday, hitting $2.53. The company’s stock had a trading volume of 554,715 shares, compared to its average volume of 949,278. The firm has a market capitalization of $69.15, a PE ratio of -1.93 and a beta of 0.18. Aqua Metals has a 12 month low of $1.42 and a 12 month high of $20.72. The company has a debt-to-equity ratio of 0.17, a quick ratio of 6.38 and a current ratio of 6.70.

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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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