Analysts Expect S&W Seed Company (SANW) to Post -$0.11 Earnings Per Share
Equities analysts expect S&W Seed Company (NASDAQ:SANW) to post earnings of ($0.11) per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for S&W Seed’s earnings. The highest EPS estimate is ($0.09) and the lowest is ($0.14). S&W Seed posted earnings per share of ($0.09) in the same quarter last year, which would suggest a negative year-over-year growth rate of 22.2%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Thursday, November 9th.
On average, analysts expect that S&W Seed will report full year earnings of ($0.10) per share for the current fiscal year, with EPS estimates ranging from ($0.12) to ($0.08). For the next year, analysts expect that the company will post earnings of ($0.07) per share, with EPS estimates ranging from ($0.12) to ($0.02). Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover S&W Seed.
S&W Seed (NASDAQ:SANW) last released its quarterly earnings data on Thursday, September 14th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). The company had revenue of $17.89 million for the quarter, compared to analysts’ expectations of $17.34 million. S&W Seed had a negative return on equity of 2.67% and a negative net margin of 15.68%. The firm’s quarterly revenue was down 48.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 EPS.
SANW has been the topic of several recent research reports. B. Riley lowered their price objective on S&W Seed from $8.00 to $6.50 and set a “buy” rating on the stock in a research report on Wednesday, September 13th. Craig Hallum cut S&W Seed from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $8.00 to $4.00 in a research report on Friday, September 15th. Finally, ValuEngine cut S&W Seed from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. One 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. S&W Seed presently has an average rating of “Hold” and a consensus price target of $5.13.
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Shares of S&W Seed (SANW) opened at $3.05 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.11 and a quick ratio of 0.49.
In related news, insider Mfp Partners Lp bought 375,000 shares of S&W Seed stock in a transaction dated Tuesday, August 15th. The shares were bought at an average cost of $3.20 per share, with a total value of $1,200,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 12.10% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kennedy Capital Management Inc. grew its holdings in shares of S&W Seed by 5.5% during the 2nd quarter. Kennedy Capital Management Inc. now owns 873,443 shares of the company’s stock worth $3,625,000 after purchasing an additional 45,248 shares in the last quarter. Essex Investment Management Co. LLC grew its holdings 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 worth $655,000 after purchasing an additional 40,989 shares in the last quarter. Wellington Management Group LLP grew its holdings 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 worth $279,000 after purchasing an additional 21,904 shares in the last quarter. B. Riley Financial Inc. grew its holdings in shares of S&W Seed by 63.1% during the 2nd quarter. B. Riley Financial Inc. now owns 158,054 shares of the company’s stock worth $656,000 after purchasing an additional 61,121 shares in the last quarter. Finally, Thomson Horstmann & Bryant Inc. grew its holdings 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 worth $2,514,000 after purchasing an additional 70,195 shares in the last quarter. 52.84% of the stock is currently owned by institutional investors.
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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