Zacks: Brokerages Expect LiqTech International Inc (LIQT) Will Post Quarterly Sales of $4.20 Million
Analysts expect LiqTech International Inc (NYSE:LIQT) to post $4.20 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for LiqTech International’s earnings. The highest sales estimate is $4.40 million and the lowest is $4.00 million. LiqTech International posted sales of $3.69 million during the same quarter last year, which suggests a positive year over year growth rate of 13.8%. The company is expected to issue its next quarterly earnings results on Monday, November 13th.
According to Zacks, analysts expect that LiqTech International will report full-year sales of $4.20 million for the current year, with estimates ranging from $14.89 million to $16.80 million. For the next fiscal year, analysts expect that the firm will report sales of $22.70 million per share, with estimates ranging from $21.00 million to $24.40 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover LiqTech International.
LiqTech International (NYSE:LIQT) last announced its earnings results on Monday, August 14th. The industrial goods maker reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). LiqTech International had a negative net margin of 40.75% and a negative return on equity of 80.04%. The firm had revenue of $2.93 million for the quarter, compared to analyst estimates of $3.10 million.
Separately, Zacks Investment Research lowered LiqTech International from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th.
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A hedge fund recently raised its stake in LiqTech International stock. WealthTrust Axiom LLC lifted its position in shares of LiqTech International Inc (NYSE:LIQT) by 5.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 774,406 shares of the industrial goods maker’s stock after buying an additional 42,000 shares during the period. WealthTrust Axiom LLC owned approximately 1.79% of LiqTech International worth $247,000 as of its most recent SEC filing.
LiqTech International (LIQT) opened at 0.358 on Friday. The firm’s market cap is $15.83 million. The firm’s 50 day moving average price is $0.38 and its 200-day moving average price is $0.37. LiqTech International has a one year low of $0.25 and a one year high of $0.87.
About LiqTech International
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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