Analysts Expect AgroFresh Solutions Inc (NASDAQ:AGFS) Will Post Earnings of -$0.51 Per Share

Equities research analysts expect AgroFresh Solutions Inc (NASDAQ:AGFS) to announce ($0.51) earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for AgroFresh Solutions’ earnings, with the highest EPS estimate coming in at ($0.50) and the lowest estimate coming in at ($0.51). AgroFresh Solutions posted earnings of ($0.44) per share in the same quarter last year, which would suggest a negative year over year growth rate of 15.9%. The firm is scheduled to report its next quarterly earnings results before the market opens on Thursday, August 8th.

According to Zacks, analysts expect that AgroFresh Solutions will report full-year earnings of ($0.50) per share for the current financial year, with EPS estimates ranging from ($0.56) to ($0.43). For the next financial year, analysts forecast that the company will report earnings of ($0.40) per share, with EPS estimates ranging from ($0.46) to ($0.33). Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow AgroFresh Solutions.

AgroFresh Solutions (NASDAQ:AGFS) last released its quarterly earnings data on Tuesday, May 7th. The basic materials company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.05). AgroFresh Solutions had a negative return on equity of 8.47% and a negative net margin of 18.51%. The firm had revenue of $38.94 million for the quarter, compared to the consensus estimate of $39.55 million.



Several research firms recently weighed in on AGFS. Roth Capital began coverage on shares of AgroFresh Solutions in a research note on Tuesday, May 21st. They set a “buy” rating and a $6.00 price objective on the stock. HC Wainwright reissued a “buy” rating on shares of Pulmatrix in a research note on Tuesday, April 16th. Finally, National Securities reaffirmed a “buy” rating on shares of AgroFresh Solutions in a research note on Monday, July 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. AgroFresh Solutions currently has an average rating of “Buy” and a consensus price target of $5.68.

In related news, Director Gregory M. Freiwald purchased 49,500 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were purchased at an average price of $2.59 per share, with a total value of $128,205.00. Following the completion of the purchase, the director now owns 114,339 shares in the company, valued at approximately $296,138.01. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders acquired 60,000 shares of company stock worth $152,825. Insiders own 1.60% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in AGFS. SG Americas Securities LLC acquired a new position in shares of AgroFresh Solutions in the first quarter valued at $36,000. Raymond James & Associates acquired a new position in shares of AgroFresh Solutions in the fourth quarter valued at $88,000. Bank of America Corp DE increased its holdings in shares of AgroFresh Solutions by 39.5% in the fourth quarter. Bank of America Corp DE now owns 36,369 shares of the basic materials company’s stock valued at $137,000 after purchasing an additional 10,300 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of AgroFresh Solutions by 45.0% in the fourth quarter. Rhumbline Advisers now owns 44,235 shares of the basic materials company’s stock valued at $168,000 after purchasing an additional 13,736 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new position in shares of AgroFresh Solutions in the fourth quarter valued at $249,000. 82.19% of the stock is currently owned by hedge funds and other institutional investors.

AgroFresh Solutions stock traded down $0.04 during midday trading on Monday, hitting $1.57. 143,696 shares of the stock were exchanged, compared to its average volume of 423,631. The firm has a fifty day moving average price of $1.85. AgroFresh Solutions has a 52 week low of $1.44 and a 52 week high of $7.18. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.98 and a quick ratio of 1.66.

About AgroFresh Solutions

AgroFresh Solutions, Inc provides data-driven solutions worldwide. The company uses 1-Methylcyclopropene technology, an ethylene action inhibitor to maintain freshness and extend the shelf life of various fresh produce. Its solutions enable growers and packers of fresh produce to preserve and enhance the freshness, quality, and value of fresh produce, including apples, pears, kiwifruit, plums, persimmons avocados, and bananas, as well as flowers.

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