$23.73 Million in Sales Expected for S&W Seed Company (SANW) This Quarter
Equities analysts predict that S&W Seed Company (NASDAQ:SANW) will post sales of $23.73 million for the current quarter, according to Zacks. Four analysts have made estimates for S&W Seed’s earnings. The lowest sales estimate is $17.00 million and the highest is $33.40 million. S&W Seed reported sales of $34.64 million in the same quarter last year, which indicates a negative year over year growth rate of 31.5%. The company is scheduled to announce its next quarterly earnings report after the market closes on Thursday, September 21st.
On average, analysts expect that S&W Seed will report full year sales of $23.73 million for the current year, with estimates ranging from $74.49 million to $84.50 million. For the next financial year, analysts forecast that the business will post sales of $96.30 million per share, with estimates ranging from $89.00 million to $107.20 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for S&W Seed.
Several research analysts have issued reports on SANW shares. Bank of America Corporation started coverage on shares of S&W Seed in a research report on Thursday, June 15th. They issued a “buy” rating on the stock. ValuEngine cut shares of S&W Seed from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. B. Riley reiterated a “buy” rating and set a $8.00 price objective on shares of S&W Seed in a research report on Sunday, May 14th. Finally, Roth Capital set a $6.00 price objective on shares of S&W Seed and gave the stock a “buy” rating in a research report on Saturday, May 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $6.00.
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Shares of S&W Seed (SANW) opened at 3.40 on Friday. The firm’s market cap is $61.13 million. S&W Seed has a 12-month low of $3.13 and a 12-month high of $5.35. The company has a 50 day moving average price of $3.40 and a 200-day moving average price of $4.13.
In related news, insider Mfp Partners Lp bought 375,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was bought at an average price of $3.20 per share, with a total value of $1,200,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Wynnefield Partners Small Cap bought 196,900 shares of the firm’s stock in a transaction on Wednesday, June 21st. The shares were bought at an average cost of $4.16 per share, with a total value of $819,104.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 1,665,879 shares of company stock worth $6,381,261 and have sold 32,219 shares worth $114,021. Insiders own 12.10% of the company’s stock.
Large investors have recently modified their holdings of the business. Essex Investment Management Co. LLC boosted its stake in shares of S&W Seed by 35.1% during the 2nd quarter. Essex Investment Management Co. LLC now owns 157,920 shares of the company’s stock valued at $655,000 after buying an additional 40,989 shares during the period. Wellington Management Group LLP boosted its stake in shares of S&W Seed by 63.7% during the 1st quarter. Wellington Management Group LLP now owns 56,268 shares of the company’s stock valued at $279,000 after buying an additional 21,904 shares during the period. Kennedy Capital Management Inc. boosted its stake in shares of S&W Seed by 1.2% during the 1st quarter. Kennedy Capital Management Inc. now owns 828,195 shares of the company’s stock valued at $4,100,000 after buying an additional 9,437 shares during the period. S Squared Technology LLC acquired a new stake in shares of S&W Seed during the 1st quarter valued at $469,000. Finally, Thomson Horstmann & Bryant Inc. boosted its stake in shares of S&W Seed by 13.1% during the 2nd quarter. Thomson Horstmann & Bryant Inc. now owns 605,985 shares of the company’s stock valued at $2,514,000 after buying an additional 70,195 shares during the period. 56.42% of the stock is owned by institutional investors.
S&W Seed Company Profile
S&W Seed Company (S&W) is a global agricultural company. The Company focuses on the breeding, production and sale of alfalfa seed. In addition to its primary activities in alfalfa seed, it also offers hybrid sorghum and sunflower seed germplasm. As of June 30, 2016, the Company sold its alfalfa seed varieties in more than 30 countries across the globe.
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