S&W Seed Company (SANW) Set to Announce Quarterly Earnings on Thursday
S&W Seed Company (NASDAQ:SANW) will be issuing its quarterly earnings data after the market closes on Thursday, November 9th. Analysts expect the company to announce earnings of ($0.11) per share for the quarter.
S&W Seed (NASDAQ:SANW) last issued its earnings results on Thursday, September 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). S&W Seed had a negative return on equity of 2.67% and a negative net margin of 15.68%. The company had revenue of $17.89 million during the quarter, compared to analyst estimates of $17.34 million. During the same period last year, the business earned $0.08 earnings per share. The firm’s revenue was down 48.3% compared to the same quarter last year. On average, analysts expect S&W Seed to post $-0.1 EPS for the current fiscal year and $-0.07 EPS for the next fiscal year.
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In other S&W Seed news, insider Mfp Partners Lp bought 375,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was purchased at an average cost of $3.20 per share, for a total transaction of $1,200,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 12.10% of the company’s stock.
Several brokerages have recently issued reports on SANW. B. Riley restated a “buy” rating and issued a $6.50 price objective on shares of S&W Seed in a research report on Monday, September 18th. Craig Hallum lowered S&W Seed from a “buy” rating to a “hold” rating and dropped their target price for the company from $8.00 to $4.00 in a research note on Friday, September 15th. Finally, ValuEngine lowered S&W Seed from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $5.13.
About S&W Seed
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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