S&W Seed (NASDAQ:SANW) – Investment analysts at B. Riley reduced their Q4 2018 earnings per share (EPS) estimates for shares of S&W Seed in a report released on Friday. B. Riley analyst S. Sherbetchyan now forecasts that the company will post earnings of $0.00 per share for the quarter, down from their prior forecast of $0.01. B. Riley has a “Buy” rating and a $5.50 price objective on the stock. B. Riley also issued estimates for S&W Seed’s Q2 2019 earnings at $0.01 EPS, Q3 2019 earnings at $0.03 EPS, Q4 2019 earnings at $0.04 EPS and FY2019 earnings at $0.01 EPS.
A number of other equities analysts also recently commented on the company. Noble Financial assumed coverage on S&W Seed in a report on Wednesday, January 24th. They set a “buy” rating and a $7.00 target price for the company. ValuEngine raised S&W Seed from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $5.30.
S&W Seed (NASDAQ:SANW) last announced its earnings results on Thursday, November 9th. The company reported ($0.13) 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 the consensus estimate of $9.75 million. S&W Seed had a negative net margin of 17.08% and a negative return on equity of 4.50%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Teton Advisors Inc. purchased a new stake in shares of S&W Seed in the fourth quarter worth $208,000. B. Riley Financial Inc. grew its stake in shares of S&W Seed by 151.9% in the third quarter. B. Riley Financial Inc. now owns 398,190 shares of the company’s stock worth $1,272,000 after acquiring an additional 240,136 shares during the last quarter. Finally, Old West Investment Management LLC purchased a new stake in shares of S&W Seed in the third quarter worth $824,000. 61.64% of the stock is currently owned by hedge funds and other institutional investors.
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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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