– Earnings per share of $0.08 expected for AquaBounty Technologies, Inc. (NASDAQ:AQB) this quarter

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Stock analysts expect AquaBounty Technologies, Inc. (NASDAQ:AQB) to post earnings per share of ($0.08) for the current fiscal quarter, according to Zacks. Three analysts provided earnings estimates for AquaBounty Technologies, with estimates ranging from ($0.10) to ($0.06). AquaBounty Technologies reported earnings of ($0.14) per share in the same quarter last year, suggesting a positive year-over-year growth rate of 42.9%. The company is due to release its next quarterly results on Tuesday, March 8.

On average, analysts expect AquaBounty Technologies to report full year earnings of ($0.31) per share for the current year, with EPS estimates ranging from ($0.34) to ( $0.29). For the next fiscal year, analysts expect the company to post earnings of ($0.29) per share, with EPS estimates ranging from ($0.36) to ($0.18). Zacks Investment Research’s earnings per share averages are an average average based on a survey of analysts who track AquaBounty Technologies.

AquaBounty Technologies (NASDAQ:AQB) last released its quarterly earnings data on Thursday, November 4. The company reported ($0.10) earnings per share (EPS) for the quarter, missing Zacks’ consensus estimate of ($0.07) by ($0.03). AquaBounty Technologies had a negative net margin of 2,764.14% and a negative return on equity of 11.24%. The company posted revenue of $0.46 million in the quarter, versus analyst estimates of $0.76 million.

AQB has been the subject of several reports by research analysts. Zacks Investment Research downgraded shares of AquaBounty Technologies from a “hold” rating to a “sell” rating in a Tuesday, Nov. 9 research note. Roth Capital assumed coverage of AquaBounty Technologies in a research report on Friday, October 8. They issued a “buy” rating and a price target of $6.00 for the company. Finally, HC Wainwright upgraded AquaBounty Technologies from a “neutral” rating to a “buy” rating and set a target price of $4.50 for the company in a Tuesday, November 9 research report. An equity research analyst rated the stock with a sell rating and four gave the stock a buy rating. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $8.13.

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AQB opened at $1.75 on Friday. The company has a quick ratio of 75.44, a current ratio of 75.90 and a leverage ratio of 0.04. The stock has a market capitalization of $124.30 million, a price-earnings ratio of -4.73 and a beta of 1.07. AquaBounty Technologies has a 12-month low of $1.75 and a 12-month high of $13.32. The company has a 50-day simple moving average of $2.43 and a 200-day simple moving average of $3.74.

In other AquaBounty Technologies news, Director Alana Kirk sold 12,880,000 shares in a trade that took place on Tuesday, November 23. The stock was sold at an average price of $2.10, for a total transaction of $27,048,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders hold 26.70% of the company’s stock.

Hedge funds have recently been buying and selling shares of the company. JPMorgan Chase & Co. increased its position in AquaBounty Technologies shares by 3,409.6% in the second quarter. JPMorgan Chase & Co. now owns 21,163 shares of the company worth $113,000 after acquiring 20,560 additional shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in AquaBounty Technologies by 529.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 132,265 shares of the company valued at $709,000 after purchasing an additional 111,256 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in AquaBounty Technologies by 26.1% during the third quarter. Commonwealth Equity Services LLC now owns 53,404 shares of the company valued at $217,000 after acquiring an additional 11,062 shares in the last quarter. Rhumbline Advisers bought a new position in AquaBounty Technologies during Q2 worth $294,000. Finally, HighTower Advisors LLC increased its position in AquaBounty Technologies shares by 7.0% in the 2nd quarter. HighTower Advisors LLC now owns 42,784 shares of the company worth $231,000 after purchasing an additional 2,792 shares in the last quarter. 62.96% of the shares are held by institutional investors and hedge funds.

About AquaBounty Technologies

AquaBounty Technologies, Inc. engages in the provision of land-based aquaculture services. This includes the farming of aquatic organisms such as fish, shellfish, crustaceans and aquatic plants. The company focuses on salmon-based products, a bioengineered Atlantic salmon that can reach market size faster than conventionally farmed Atlantic salmon.

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