AgroFresh Solutions, Inc. (NASDAQ:AGFS) Expected to Announce Earnings of -$0.40 Per Share

Equities research analysts predict that AgroFresh Solutions, Inc. (NASDAQ:AGFSGet Rating) will report ($0.40) earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for AgroFresh Solutions’ earnings. The highest EPS estimate is ($0.37) and the lowest is ($0.42). AgroFresh Solutions posted earnings of ($0.46) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 13%. The company is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that AgroFresh Solutions will report full-year earnings of ($0.61) per share for the current year, with EPS estimates ranging from ($0.67) to ($0.54). For the next financial year, analysts forecast that the company will report earnings of ($0.54) per share. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for AgroFresh Solutions.

AgroFresh Solutions (NASDAQ:AGFSGet Rating) last announced its quarterly earnings data on Wednesday, May 11th. The basic materials company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.04. AgroFresh Solutions had a negative net margin of 13.95% and a negative return on equity of 7.76%. During the same period last year, the business earned ($0.25) EPS.

Separately, StockNews.com started coverage on shares of AgroFresh Solutions in a research note on Friday. They set a “hold” rating for the company.

Shares of NASDAQ AGFS remained flat at $$1.60 during midday trading on Tuesday. 44,651 shares of the stock traded hands, compared to its average volume of 57,567. The company’s 50 day simple moving average is $1.87 and its two-hundred day simple moving average is $1.94. AgroFresh Solutions has a one year low of $1.54 and a one year high of $2.46. The company has a quick ratio of 2.77, a current ratio of 3.21 and a debt-to-equity ratio of 1.13. The stock has a market cap of $84.24 million, a price-to-earnings ratio of -1.95 and a beta of 0.85.

Hedge funds have recently added to or reduced their stakes in the business. Accurate Wealth Management LLC purchased a new position in AgroFresh Solutions in the 1st quarter worth approximately $50,000. Charles Schwab Investment Management Inc. purchased a new position in AgroFresh Solutions in the 1st quarter worth approximately $54,000. Goldman Sachs Group Inc. grew its stake in AgroFresh Solutions by 38.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 29,478 shares of the basic materials company’s stock worth $56,000 after buying an additional 8,113 shares in the last quarter. Perritt Capital Management Inc. grew its stake in AgroFresh Solutions by 15.8% in the 3rd quarter. Perritt Capital Management Inc. now owns 49,213 shares of the basic materials company’s stock worth $106,000 after buying an additional 6,713 shares in the last quarter. Finally, State Street Corp grew its stake in AgroFresh Solutions by 17.6% in the 1st quarter. State Street Corp now owns 57,448 shares of the basic materials company’s stock worth $109,000 after buying an additional 8,584 shares in the last quarter. 74.15% of the stock is owned by institutional investors and hedge funds.

AgroFresh Solutions Company Profile (Get Rating)

AgroFresh Solutions, Inc provides science-based solutions, data-driven technologies, and high-touch customer services. The company's flagship product is the SmartFresh system that regulates the post-harvest ripening effects of ethylene to preserve the texture, firmness, taste, and appearance of produce during storage, transportation, and retail display.

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