Analysts Expect AgroFresh Solutions Inc (NASDAQ:AGFS) to Post $0.19 Earnings Per Share

Equities analysts forecast that AgroFresh Solutions Inc (NASDAQ:AGFS) will announce earnings of $0.19 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for AgroFresh Solutions’ earnings. The lowest EPS estimate is $0.16 and the highest is $0.21. The company is scheduled to report its next quarterly earnings report on Monday, March 9th.

According to Zacks, analysts expect that AgroFresh Solutions will report full-year earnings of ($0.45) per share for the current fiscal year, with EPS estimates ranging from ($0.47) to ($0.43). For the next year, analysts anticipate that the company will post earnings of ($0.40) per share, with EPS estimates ranging from ($0.50) to ($0.29). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow AgroFresh Solutions.

AgroFresh Solutions (NASDAQ:AGFS) last released its quarterly earnings results on Thursday, November 7th. The basic materials company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.14). The business had revenue of $48.97 million during the quarter, compared to analyst estimates of $70.36 million. AgroFresh Solutions had a negative net margin of 20.80% and a negative return on equity of 8.99%.

Separately, National Securities restated a “buy” rating and set a $2.50 price objective on shares of AgroFresh Solutions in a research note on Friday, August 9th. Five research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus price target of $4.98.

Hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC lifted its position in AgroFresh Solutions by 68.4% during the second quarter. SG Americas Securities LLC now owns 18,039 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 7,330 shares during the period. LPL Financial LLC grew its stake in shares of AgroFresh Solutions by 90.0% in the 2nd quarter. LPL Financial LLC now owns 19,000 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 9,000 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of AgroFresh Solutions in the 2nd quarter worth $31,000. A.R.T. Advisors LLC purchased a new stake in shares of AgroFresh Solutions in the second quarter valued at about $34,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of AgroFresh Solutions in the second quarter valued at about $65,000. 73.14% of the stock is owned by institutional investors and hedge funds.

NASDAQ:AGFS traded down $0.01 during trading hours on Friday, reaching $2.32. 2 shares of the company were exchanged, compared to its average volume of 60,750. The company has a market capitalization of $120.77 million, a P/E ratio of -4.14 and a beta of 0.62. AgroFresh Solutions has a 1-year low of $1.33 and a 1-year high of $5.10. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.13 and a quick ratio of 1.74. The business has a 50 day moving average of $2.26 and a 200 day moving average of $1.98.

AgroFresh Solutions Company Profile

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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