Zacks: Brokerages Expect S&W Seed (SANW) Will Post Quarterly Sales of $20.00 Million

Brokerages predict that S&W Seed (NASDAQ:SANW) will announce sales of $20.00 million for the current quarter, Zacks reports. Two analysts have issued estimates for S&W Seed’s earnings. S&W Seed posted sales of $20.53 million in the same quarter last year, which would indicate a negative year over year growth rate of 2.6%. The business is expected to report its next quarterly earnings results on Thursday, February 14th.

On average, analysts expect that S&W Seed will report full year sales of $78.61 million for the current fiscal year, with estimates ranging from $78.10 million to $79.12 million. For the next fiscal year, analysts forecast that the firm will report sales of $85.50 million, with estimates ranging from $85.00 million to $86.00 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for S&W Seed.

S&W Seed (NASDAQ:SANW) last released its earnings results on Thursday, November 8th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.08. The company had revenue of $26.12 million during the quarter, compared to analyst estimates of $15.00 million. S&W Seed had a negative return on equity of 2.23% and a negative net margin of 3.63%.

Separately, B. Riley reduced their target price on S&W Seed from $4.50 to $4.00 and set a “buy” rating for the company in a report on Monday, September 24th.

A number of hedge funds and other institutional investors have recently made changes to their positions in SANW. S. Muoio & CO. LLC bought a new position in S&W Seed during the third quarter valued at $504,000. Koshinski Asset Management Inc. grew its holdings in S&W Seed by 197.1% during the third quarter. Koshinski Asset Management Inc. now owns 268,488 shares of the company’s stock valued at $658,000 after purchasing an additional 178,120 shares during the period. Dimensional Fund Advisors LP grew its holdings in S&W Seed by 398.6% during the second quarter. Dimensional Fund Advisors LP now owns 126,023 shares of the company’s stock valued at $410,000 after purchasing an additional 100,748 shares during the period. Finally, Shufro Rose & Co. LLC grew its holdings in S&W Seed by 62.5% during the second quarter. Shufro Rose & Co. LLC now owns 45,500 shares of the company’s stock valued at $148,000 after purchasing an additional 17,500 shares during the period. 65.83% of the stock is owned by institutional investors and hedge funds.

Shares of SANW stock traded down $0.07 during trading on Friday, hitting $3.04. The company’s stock had a trading volume of 23,300 shares, compared to its average volume of 38,236. The firm has a market cap of $80.57 million, a PE ratio of -14.00 and a beta of -0.55. The company has a quick ratio of 0.46, a current ratio of 2.00 and a debt-to-equity ratio of 0.15. S&W Seed has a 52 week low of $2.35 and a 52 week high of $4.40.

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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