Zacks: Brokerages Anticipate LiqTech International Inc (LIQT) to Announce -$0.02 EPS
Equities research analysts expect that LiqTech International Inc (NYSE:LIQT) will announce earnings per share of ($0.02) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for LiqTech International’s earnings. LiqTech International reported earnings per share of ($0.01) in the same quarter last year, which suggests a negative year over year growth rate of 100%. The business is scheduled to report its next quarterly earnings results on Thursday, August 10th.
According to Zacks, analysts expect that LiqTech International will report full-year earnings of ($0.05) per share for the current fiscal year, with EPS estimates ranging from ($0.06) to ($0.04). For the next financial year, analysts anticipate that the business will post earnings of $0.00 per share, with EPS estimates ranging from ($0.01) to $0.01. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover LiqTech International.
LiqTech International (NYSE:LIQT) last released its earnings results on Monday, May 15th. The industrial goods maker reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.01. LiqTech International had a negative return on equity of 57.07% and a negative net margin of 28.07%. The company had revenue of $2.97 million for the quarter, compared to analysts’ expectations of $2.50 million.
Separately, Zacks Investment Research upgraded LiqTech International from a “hold” rating to a “buy” rating and set a $0.25 price objective on the stock in a research report on Tuesday, June 27th.
LiqTech International (LIQT) opened at 0.337 on Thursday. The firm’s 50-day moving average price is $0.32 and its 200 day moving average price is $0.41. The stock’s market cap is $14.57 million. LiqTech International has a 1-year low of $0.25 and a 1-year high of $0.99.
An institutional investor recently raised its position in LiqTech International stock. WealthTrust Axiom LLC boosted its position in LiqTech International Inc (NYSE:LIQT) by 5.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 732,406 shares of the industrial goods maker’s stock after buying an additional 39,900 shares during the period. WealthTrust Axiom LLC owned about 1.99% of LiqTech International worth $285,000 at the end of the most recent quarter.
LiqTech International Company Profile
LiqTech International, Inc is a clean technology company that provides technologies for gas and liquid purification by manufacturing ceramic silicon carbide filters. The Company develops and manufactures products of re-crystallized silicon carbide. It specializes in two business areas, which include ceramic membranes for liquid filtration, and diesel particulate filters (DPFs) for the control of soot exhaust particles from diesel engines.
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