$24.85 Million in Sales Expected for S&W Seed (NASDAQ:SANW) This Quarter

Wall Street brokerages forecast that S&W Seed (NASDAQ:SANW) will announce $24.85 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for S&W Seed’s earnings, with estimates ranging from $24.50 million to $25.20 million. S&W Seed posted sales of $46.85 million in the same quarter last year, which suggests a negative year over year growth rate of 47%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, September 16th.

On average, analysts expect that S&W Seed will report full year sales of $78.56 million for the current financial year, with estimates ranging from $78.22 million to $78.90 million. For the next fiscal year, analysts forecast that the firm will report sales of $91.20 million, with estimates ranging from $90.40 million to $92.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow S&W Seed.

S&W Seed (NASDAQ:SANW) last released its earnings results on Thursday, May 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.02. The company had revenue of $29.09 million for the quarter, compared to analysts’ expectations of $21.25 million. S&W Seed had a positive return on equity of 3.15% and a negative net margin of 17.99%.

A number of equities research analysts recently weighed in on the company. ValuEngine upgraded S&W Seed from a “hold” rating to a “buy” rating in a report on Friday, May 1st. Zacks Investment Research upgraded S&W Seed from a “hold” rating to a “buy” rating and set a $2.00 price target on the stock in a report on Saturday, May 16th. Finally, Roth Capital restated a “buy” rating and issued a $5.00 price target on shares of S&W Seed in a report on Wednesday. Five investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of $4.50.

In related news, major shareholder Wynnefield Partners Small Cap bought 43,054 shares of the stock in a transaction on Monday, May 18th. The shares were purchased at an average price of $1.94 per share, for a total transaction of $83,524.76. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have acquired 90,250 shares of company stock worth $185,151. 3.60% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in SANW. Wynnefield Capital Inc. lifted its stake in shares of S&W Seed by 1.2% during the 1st quarter. Wynnefield Capital Inc. now owns 4,271,710 shares of the company’s stock worth $8,757,000 after purchasing an additional 49,402 shares during the period. Renaissance Technologies LLC lifted its stake in shares of S&W Seed by 95.3% during the 4th quarter. Renaissance Technologies LLC now owns 50,987 shares of the company’s stock worth $107,000 after purchasing an additional 24,883 shares during the period. Finally, Cutter & CO Brokerage Inc. lifted its stake in shares of S&W Seed by 3.6% during the 4th quarter. Cutter & CO Brokerage Inc. now owns 1,246,709 shares of the company’s stock worth $2,618,000 after purchasing an additional 43,297 shares during the period. Hedge funds and other institutional investors own 76.04% of the company’s stock.

Shares of SANW traded up $0.43 on Friday, reaching $2.79. The stock had a trading volume of 370,667 shares, compared to its average volume of 59,543. The firm has a market capitalization of $93.23 million, a PE ratio of -5.07 and a beta of 0.49. The company has a quick ratio of 0.48, a current ratio of 1.64 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average of $2.24 and a 200 day moving average of $2.20. S&W Seed has a twelve month low of $1.67 and a twelve month high of $3.13.

About S&W Seed

S&W Seed Company, an agricultural company, engages in breeding, growing, processing, and selling alfalfa seeds. The company sells its seeds to distributors and dealers in approximately 30 countries worldwide. S&W Seed Company was founded in 1980 and is headquartered in Sacramento, California.

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