Aqua Metals, Inc. (NASDAQ:AQMS) Expected to Announce Earnings of -$0.07 Per Share

Wall Street brokerages expect that Aqua Metals, Inc. (NASDAQ:AQMS) will report earnings per share of ($0.07) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Aqua Metals’ earnings. The highest EPS estimate is ($0.06) and the lowest is ($0.07). Aqua Metals reported earnings of ($0.05) per share in the same quarter last year, which would indicate a negative year over year growth rate of 40%. The firm is scheduled to announce its next earnings report on Thursday, February 24th.

According to Zacks, analysts expect that Aqua Metals will report full-year earnings of ($0.26) per share for the current fiscal year, with EPS estimates ranging from ($0.26) to ($0.25). For the next year, analysts anticipate that the firm will post earnings of ($0.16) per share, with EPS estimates ranging from ($0.20) to ($0.12). Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that cover Aqua Metals.

Aqua Metals (NASDAQ:AQMS) last announced its quarterly earnings data on Thursday, November 4th. The business services provider reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.04. During the same quarter in the previous year, the firm earned ($0.03) earnings per share.

Separately, Zacks Investment Research lowered shares of Aqua Metals from a “buy” rating to a “hold” rating in a report on Wednesday, November 10th.

AQMS stock opened at $1.05 on Friday. Aqua Metals has a 52 week low of $1.02 and a 52 week high of $8.06. The company has a fifty day simple moving average of $1.51 and a two-hundred day simple moving average of $1.98. The firm has a market capitalization of $73.32 million, a P/E ratio of -2.33 and a beta of 1.36.

In other news, insider Benjamin S. Taecker sold 35,676 shares of Aqua Metals stock in a transaction that occurred on Wednesday, January 5th. The shares were sold at an average price of $1.27, for a total transaction of $45,308.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen Cotton sold 124,474 shares of the business’s stock in a transaction on Wednesday, January 5th. The stock was sold at an average price of $1.27, for a total transaction of $158,081.98. The disclosure for this sale can be found here. 5.00% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of AQMS. Credit Suisse AG purchased a new stake in shares of Aqua Metals during the second quarter worth approximately $30,000. Barclays PLC purchased a new position in Aqua Metals in the third quarter valued at approximately $44,000. LPL Financial LLC purchased a new position in Aqua Metals in the second quarter valued at approximately $46,000. Virtu Financial LLC purchased a new position in Aqua Metals in the second quarter valued at approximately $54,000. Finally, IPG Investment Advisors LLC acquired a new stake in shares of Aqua Metals in the second quarter valued at approximately $75,000. 18.69% of the stock is currently owned by institutional investors and hedge funds.

Aqua Metals Company Profile

Aqua Metals, Inc engages in the production of recycled lead through a novel, proprietary and patent-pending process, called AquaRefining. Its products include Aqualyzer, and Pure Metrics. The company was founded by Stephen R. Clarke, Thomas Murphy, and Selwyn Mould on June 20, 2014 and is headquartered in McCarran, NV.

Featured Story: What causes a stock to be most active?

Get a free copy of the Zacks research report on Aqua Metals (AQMS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Aqua Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aqua Metals and related companies with MarketBeat.com's FREE daily email newsletter.