S&W Seed Company (SANW) Expected to Post Quarterly Sales of $21.43 Million
Analysts expect that S&W Seed Company (NASDAQ:SANW) will report $21.43 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for S&W Seed’s earnings, with the highest sales estimate coming in at $24.20 million and the lowest estimate coming in at $20.00 million. S&W Seed reported sales of $24.23 million in the same quarter last year, which indicates a negative year over year growth rate of 11.6%. The company is scheduled to announce its next earnings report on Thursday, February 8th.
On average, analysts expect that S&W Seed will report full-year sales of $21.43 million for the current financial year, with estimates ranging from $75.00 million to $75.71 million. For the next year, analysts expect that the firm will post sales of $79.88 million per share, with estimates ranging from $77.70 million to $82.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover S&W Seed.
S&W Seed (NASDAQ:SANW) last posted its earnings results on Thursday, November 9th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). The business had revenue of $10.71 million for the quarter, compared to analyst estimates of $9.75 million. S&W Seed had a negative net margin of 14.12% and a negative return on equity of 4.03%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Neuberger Berman Group LLC purchased a new position in S&W Seed in the second quarter valued at $210,000. Wellington Management Group LLP increased its holdings in S&W Seed by 63.7% in the first 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 in the last quarter. Essex Investment Management Co. LLC increased its holdings in S&W Seed by 35.1% in the second 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 in the last quarter. B. Riley Financial Inc. increased its holdings in S&W Seed by 63.1% in the second quarter. B. Riley Financial Inc. now owns 158,054 shares of the company’s stock valued at $656,000 after buying an additional 61,121 shares in the last quarter. Finally, Old West Investment Management LLC purchased a new position in S&W Seed in the third quarter valued at $824,000. 51.82% of the stock is owned by institutional investors.
S&W Seed (SANW) opened at $3.30 on Friday. S&W Seed has a fifty-two week low of $2.90 and a fifty-two week high of $5.20. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.16 and a quick ratio of 0.36.
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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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