Brokerages expect that Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) will announce sales of $35.46 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Endeavour Silver’s earnings, with the highest sales estimate coming in at $37.11 million and the lowest estimate coming in at $33.80 million. Endeavour Silver reported sales of $38.77 million during the same quarter last year, which would suggest a negative year over year growth rate of 8.5%. The company is scheduled to issue its next earnings report on Thursday, August 1st.
On average, analysts expect that Endeavour Silver will report full-year sales of $143.77 million for the current year, with estimates ranging from $137.00 million to $152.12 million. For the next year, analysts anticipate that the company will report sales of $161.20 million, with estimates ranging from $145.10 million to $177.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Endeavour Silver.
Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its earnings results on Monday, May 6th. The mining company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.07). Endeavour Silver had a negative return on equity of 16.79% and a negative net margin of 20.16%. The company had revenue of $29.10 million during the quarter, compared to analysts’ expectations of $32.66 million.
Shares of EXK traded down $0.10 during mid-day trading on Tuesday, reaching $1.86. The company had a trading volume of 915,490 shares, compared to its average volume of 896,199. Endeavour Silver has a 52-week low of $1.76 and a 52-week high of $3.35. The company has a quick ratio of 2.68, a current ratio of 3.31 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $249.83 million, a price-to-earnings ratio of -20.67 and a beta of -0.11.
Hedge funds have recently modified their holdings of the business. Two Sigma Securities LLC boosted its position in Endeavour Silver by 200.1% during the fourth quarter. Two Sigma Securities LLC now owns 35,215 shares of the mining company’s stock worth $76,000 after purchasing an additional 23,479 shares in the last quarter. Jane Street Group LLC boosted its position in Endeavour Silver by 81.9% during the third quarter. Jane Street Group LLC now owns 70,274 shares of the mining company’s stock worth $162,000 after purchasing an additional 31,651 shares in the last quarter. Creative Planning purchased a new position in Endeavour Silver during the fourth quarter worth approximately $33,000. Morgan Stanley boosted its position in Endeavour Silver by 33.7% during the third quarter. Morgan Stanley now owns 1,727,349 shares of the mining company’s stock worth $3,990,000 after purchasing an additional 435,827 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in Endeavour Silver during the fourth quarter worth approximately $1,977,000. Institutional investors own 19.33% of the company’s stock.
Endeavour Silver Company Profile
Endeavour Silver Corp., a mid-tier silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mining properties in Mexico and Chile. The company also explores for gold deposits and precious metals. The company has interests in three producing silver-gold mines in Mexico, including the Guanaceví mine in Durango; the Bolañitos mine in Guanajuato; and the El Cubo mine in Guanajuato.
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