Aquantia Corp (AQ) Expected to Announce Earnings of -$0.25 Per Share

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Wall Street brokerages expect Aquantia Corp (NYSE:AQ) to report ($0.25) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Aquantia’s earnings. The highest EPS estimate is ($0.21) and the lowest is ($0.31). Aquantia posted earnings of $0.01 per share during the same quarter last year, which suggests a negative year over year growth rate of 2,600%. The firm is expected to report its next quarterly earnings results on Wednesday, July 24th.

On average, analysts expect that Aquantia will report full-year earnings of ($0.76) per share for the current fiscal year, with EPS estimates ranging from ($1.05) to ($0.61). For the next fiscal year, analysts expect that the company will post earnings of $0.03 per share, with EPS estimates ranging from ($0.07) to $0.12. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Aquantia.

Aquantia (NYSE:AQ) last announced its quarterly earnings data on Monday, May 6th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.30) by ($0.07). Aquantia had a negative net margin of 19.62% and a negative return on equity of 23.48%. The firm had revenue of $17.02 million during the quarter, compared to analysts’ expectations of $19.60 million.

A number of research analysts have commented on the stock. ValuEngine raised shares of Aquantia from a “sell” rating to a “hold” rating in a research report on Thursday, March 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of Aquantia in a research report on Wednesday, February 13th. Morgan Stanley cut shares of Aquantia to an “equal weight” rating in a research report on Wednesday, February 13th. Barclays cut shares of Aquantia to an “equal weight” rating and decreased their target price for the company from $12.00 to $8.00 in a research report on Thursday, February 14th. Finally, Raymond James cut shares of Aquantia from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 13th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $14.38.

Shares of AQ traded down $0.05 during mid-day trading on Friday, reaching $13.00. The stock had a trading volume of 279,530 shares, compared to its average volume of 599,828. The company has a current ratio of 3.99, a quick ratio of 3.25 and a debt-to-equity ratio of 0.08. Aquantia has a 52-week low of $7.08 and a 52-week high of $14.00. The firm has a market capitalization of $461.93 million, a P/E ratio of -44.83 and a beta of 1.17.

Aquantia Company Profile

Aquantia Corp., together with its subsidiaries, designs, develops, and markets advanced high-speed communication integrated circuits for Ethernet connectivity in the data center, enterprise infrastructure, access, and automotive markets worldwide. Its products include corporate data center products; enterprise infrastructure products; and access products, such as client connectivity and carrier access.

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