Aqua Metals Inc (AQMS) Expected to Announce Earnings of -$0.23 Per Share

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Equities research analysts forecast that Aqua Metals Inc (NASDAQ:AQMS) will post earnings of ($0.23) per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Aqua Metals’ earnings, with estimates ranging from ($0.23) to ($0.22). Aqua Metals reported earnings per share of ($0.31) in the same quarter last year, which indicates a positive year-over-year growth rate of 25.8%. The company is scheduled to issue its next earnings report on Thursday, November 8th.

According to Zacks, analysts expect that Aqua Metals will report full year earnings of ($0.82) per share for the current year, with EPS estimates ranging from ($0.88) to ($0.76). For the next financial year, analysts expect that the firm will report earnings of ($0.37) per share, with EPS estimates ranging from ($0.41) to ($0.32). Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Aqua Metals.

Aqua Metals (NASDAQ:AQMS) last announced its quarterly earnings results on Wednesday, August 8th. The business services provider reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.15). The firm had revenue of $0.48 million for the quarter, compared to analyst estimates of $1.02 million. Aqua Metals had a negative net margin of 833.24% and a negative return on equity of 52.14%.

Several brokerages have recently weighed in on AQMS. HC Wainwright reissued a “buy” rating and set a $4.00 price target on shares of Aqua Metals in a research report on Thursday. ValuEngine raised shares of Aqua Metals from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $15.40.

Shares of Aqua Metals traded up $0.08, hitting $2.36, on Friday, MarketBeat reports. 505,181 shares of the stock traded hands, compared to its average volume of 373,578. The company has a debt-to-equity ratio of 0.12, a current ratio of 6.27 and a quick ratio of 4.49. Aqua Metals has a twelve month low of $1.42 and a twelve month high of $8.66.

In related news, President Stephen Cotton acquired 30,000 shares of Aqua Metals stock in a transaction that occurred on Monday, June 18th. The shares were purchased at an average cost of $2.85 per share, for a total transaction of $85,500.00. Following the acquisition, the president now owns 74,500 shares in the company, valued at $212,325. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders purchased 45,000 shares of company stock worth $130,675. 18.10% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of AQMS. Renaissance Technologies LLC purchased a new stake in Aqua Metals during the fourth quarter worth about $994,000. Millennium Management LLC increased its stake in Aqua Metals by 605.5% during the first quarter. Millennium Management LLC now owns 511,847 shares of the business services provider’s stock worth $1,326,000 after purchasing an additional 439,299 shares during the period. Deutsche Bank AG increased its stake in Aqua Metals by 2,625.6% during the fourth quarter. Deutsche Bank AG now owns 426,200 shares of the business services provider’s stock worth $906,000 after purchasing an additional 410,563 shares during the period. BNP Paribas Arbitrage SA increased its stake in Aqua Metals by 656.9% during the second quarter. BNP Paribas Arbitrage SA now owns 312,009 shares of the business services provider’s stock worth $899,000 after purchasing an additional 270,788 shares during the period. Finally, ICM Asset Management Inc. WA purchased a new stake in Aqua Metals during the second quarter worth about $269,000. Institutional investors own 23.28% of the company’s stock.

Aqua Metals Company Profile

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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