Aqua Metals Inc Expected to Post FY2018 Earnings of ($0.43) Per Share (AQMS)
Aqua Metals Inc (NASDAQ:AQMS) – Equities research analysts at Oppenheimer Holdings reduced their FY2018 EPS estimates for shares of Aqua Metals in a research note issued to investors on Thursday. Oppenheimer Holdings analyst C. Rusch now expects that the business services provider will post earnings of ($0.43) per share for the year, down from their previous estimate of ($0.22). Oppenheimer Holdings currently has a “Outperform” rating and a $34.00 target price on the stock.
Aqua Metals (NASDAQ:AQMS) last issued its quarterly earnings data on Tuesday, May 9th. The business services provider reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by $0.08. COPYRIGHT VIOLATION NOTICE: “Aqua Metals Inc Expected to Post FY2018 Earnings of ($0.43) Per Share (AQMS)” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/05/22/aqua-metals-inc-expected-to-post-fy2018-earnings-of-0-43-per-share-aqms.html.
Several other analysts also recently commented on AQMS. ValuEngine cut Aqua Metals from a “hold” rating to a “sell” rating in a research report on Saturday. National Securities started coverage on Aqua Metals in a research report on Thursday, February 16th. They set a “buy” rating and a $25.00 target price on the stock. National Bank Financial started coverage on Aqua Metals in a research report on Thursday, February 16th. They set an “outperform” rating on the stock. CIBC reiterated an “outperform” rating and set a $34.00 target price (up previously from $16.00) on shares of Aqua Metals in a research report on Monday, March 13th. Finally, Zacks Investment Research cut Aqua Metals from a “hold” rating to a “sell” rating in a research report on Wednesday, March 15th. Two analysts have rated the stock with a sell rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $27.00.
Shares of Aqua Metals (NASDAQ:AQMS) opened at 11.19 on Monday. The stock’s market capitalization is $225.38 million. The stock’s 50 day moving average price is $15.96 and its 200 day moving average price is $14.50. Aqua Metals has a one year low of $8.13 and a one year high of $22.75.
Large investors have recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC purchased a new stake in Aqua Metals during the first quarter worth $840,000. Mangrove Partners purchased a new stake in Aqua Metals during the third quarter worth $1,190,000. AWM Investment Company Inc. boosted its stake in Aqua Metals by 13.8% in the third quarter. AWM Investment Company Inc. now owns 1,272,250 shares of the business services provider’s stock worth $11,272,000 after buying an additional 154,600 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in Aqua Metals during the fourth quarter worth $455,000. Finally, Advisor Group Inc. boosted its stake in Aqua Metals by 2,361.6% in the third quarter. Advisor Group Inc. now owns 12,308 shares of the business services provider’s stock worth $107,000 after buying an additional 11,808 shares in the last quarter. Institutional investors and hedge funds own 20.52% of the company’s stock.
In other Aqua Metals news, COO Selwyn Mould sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $18.92, for a total transaction of $378,400.00. Following the transaction, the chief operating officer now owns 745,455 shares in the company, valued at approximately $14,104,008.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen Cotton sold 4,415 shares of the business’s stock in a transaction that occurred on Wednesday, March 22nd. The stock was sold at an average price of $17.84, for a total value of $78,763.60. Following the transaction, the insider now owns 97,706 shares in the company, valued at approximately $1,743,075.04. The disclosure for this sale can be found here. Insiders have sold a total of 379,733 shares of company stock worth $6,489,898 in the last quarter. 19.70% of the stock is currently owned by insiders.
About Aqua Metals
Aqua Metals, Inc is engaged in the business of recycling lead through a process that the Company developed and named AquaRefining. The Company’s AquaRefining process focuses on providing for the recycling of lead acid batteries (LABs) and the production of lead. AquaRefining uses bio-degradable aqueous solvent and an ambient temperature electro-chemical process to produce lead.
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