-$0.21 Earnings Per Share Expected for Aqua Metals, Inc. (AQMS) This Quarter

Equities research analysts predict that Aqua Metals, Inc. (NASDAQ:AQMS) will report earnings of ($0.21) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Aqua Metals’ earnings, with estimates ranging from ($0.23) to ($0.19). Aqua Metals reported earnings of ($0.20) per share during the same quarter last year, which would indicate a negative year over year growth rate of 5%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, August 9th.

According to Zacks, analysts expect that Aqua Metals will report full year earnings of ($0.95) per share for the current fiscal year, with EPS estimates ranging from ($1.05) to ($0.86). For the next financial year, analysts forecast that the company will report earnings of ($0.39) per share, with EPS estimates ranging from ($0.43) to ($0.34). Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover Aqua Metals.

Aqua Metals (NASDAQ:AQMS) last released its earnings results on Tuesday, May 9th. The business services provider reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.18) by $0.08.

Several equities research analysts have recently commented on the stock. ValuEngine cut shares of Aqua Metals from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Rodman & Renshaw initiated coverage on shares of Aqua Metals in a report on Thursday, June 22nd. They set a “buy” rating and a $25.00 price objective for the company. Finally, HC Wainwright initiated coverage on shares of Aqua Metals in a report on Thursday, June 22nd. They set a “buy” rating and a $25.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $26.33.

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Shares of Aqua Metals (NASDAQ:AQMS) traded down 1.07% during midday trading on Friday, hitting $12.04. 103,273 shares of the company traded hands. The stock’s market capitalization is $242.50 million. The stock’s 50-day moving average is $12.38 and its 200 day moving average is $14.60. Aqua Metals has a 12-month low of $8.13 and a 12-month high of $22.75.

In other news, major shareholder Interstate Batteries, Inc. sold 95,327 shares of the stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $16.98, for a total value of $1,618,652.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thomas Michael Murphy sold 20,000 shares of the stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $17.52, for a total transaction of $350,400.00. Following the completion of the transaction, the chief financial officer now directly owns 725,455 shares of the company’s stock, valued at approximately $12,709,971.60. The disclosure for this sale can be found here. Insiders have sold 308,703 shares of company stock valued at $5,230,475 in the last ninety days. 19.70% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Doheny Asset Management CA boosted its position in Aqua Metals by 26.2% in the first quarter. Doheny Asset Management CA now owns 789,425 shares of the business services provider’s stock worth $15,425,000 after buying an additional 163,725 shares during the period. Wells Fargo & Company MN raised its position in shares of Aqua Metals by 7,830.7% in the first quarter. Wells Fargo & Company MN now owns 659,355 shares of the business services provider’s stock worth $12,884,000 after buying an additional 651,041 shares during the period. Vanguard Group Inc. raised its position in shares of Aqua Metals by 17.4% in the first quarter. Vanguard Group Inc. now owns 515,234 shares of the business services provider’s stock worth $10,068,000 after buying an additional 76,459 shares during the period. Robecosam AG raised its position in shares of Aqua Metals by 7.0% in the first quarter. Robecosam AG now owns 321,100 shares of the business services provider’s stock worth $6,242,000 after buying an additional 21,100 shares during the period. Finally, Driehaus Capital Management LLC acquired a new position in shares of Aqua Metals during the first quarter worth about $5,380,000. 40.13% of the stock is owned by hedge funds and other institutional investors.

Aqua Metals Company Profile

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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