Aqua Metals Inc (AQMS) Expected to Announce Quarterly Sales of $1.27 Million

Analysts expect that Aqua Metals Inc (NASDAQ:AQMS) will announce sales of $1.27 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Aqua Metals’ earnings, with estimates ranging from $800,000.00 to $1.75 million. The company is scheduled to issue its next earnings results on Tuesday, February 13th.

On average, analysts expect that Aqua Metals will report full-year sales of $1.27 million for the current fiscal year, with estimates ranging from $2.00 million to $2.94 million. For the next financial year, analysts forecast that the company will report sales of $22.97 million per share, with estimates ranging from $17.54 million to $28.40 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Aqua Metals.

Aqua Metals (NASDAQ:AQMS) last posted its earnings results on Thursday, November 9th. The business services provider reported ($0.31) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.27) by ($0.04). The business had revenue of $0.59 million for the quarter, compared to analysts’ expectations of $0.65 million.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of Aqua Metals from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. HC Wainwright reaffirmed a “buy” rating on shares of Aqua Metals in a research note on Friday, November 10th. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Aqua Metals in a research note on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $28.60.

Several large investors have recently bought and sold shares of the company. AWM Investment Company Inc. boosted its stake in shares of Aqua Metals by 11.1% in the 2nd quarter. AWM Investment Company Inc. now owns 1,460,637 shares of the business services provider’s stock valued at $18,331,000 after purchasing an additional 145,480 shares during the last quarter. Frontier Capital Management Co. LLC boosted its stake in shares of Aqua Metals by 15.8% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,253,897 shares of the business services provider’s stock valued at $8,589,000 after purchasing an additional 171,305 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Aqua Metals by 35.9% in the 2nd quarter. Wells Fargo & Company MN now owns 895,775 shares of the business services provider’s stock valued at $11,241,000 after purchasing an additional 236,420 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Aqua Metals by 22.4% in the 2nd quarter. Vanguard Group Inc. now owns 630,467 shares of the business services provider’s stock valued at $7,912,000 after purchasing an additional 115,233 shares during the last quarter. Finally, Robecosam AG boosted its stake in shares of Aqua Metals by 10.8% in the 3rd quarter. Robecosam AG now owns 470,000 shares of the business services provider’s stock valued at $3,361,000 after purchasing an additional 46,000 shares during the last quarter. 28.87% of the stock is currently owned by institutional investors.

Shares of Aqua Metals (AQMS) opened at $1.96 on Friday. Aqua Metals has a 1-year low of $1.75 and a 1-year high of $22.75. The company has a current ratio of 4.01, a quick ratio of 3.77 and a debt-to-equity ratio of 0.19. The firm has a market cap of $53.45 and a P/E ratio of -1.53.

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About Aqua Metals

Aqua Metals, Inc is engaged in the business of recycling lead through a process that the Company developed and named AquaRefining. The Company’s AquaRefining process focuses on providing for the recycling of lead acid batteries (LABs) and the production of lead. AquaRefining uses bio-degradable aqueous solvent and an ambient temperature electro-chemical process to produce lead.

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