Wall Street brokerages predict that AgroFresh Solutions, Inc. (NASDAQ:AGFS – Get Rating) will post $38.36 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for AgroFresh Solutions’ earnings, with the lowest sales estimate coming in at $37.00 million and the highest estimate coming in at $39.72 million. AgroFresh Solutions posted sales of $38.99 million in the same quarter last year, which would indicate a negative year over year growth rate of 1.6%. The business is expected to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that AgroFresh Solutions will report full year sales of $174.76 million for the current year, with estimates ranging from $171.00 million to $178.52 million. For the next fiscal year, analysts expect that the company will report sales of $198.94 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow AgroFresh Solutions.
Separately, StockNews.com started coverage on shares of AgroFresh Solutions in a report on Monday. They issued a “hold” rating for the company.
AgroFresh Solutions stock traded down $0.03 during midday trading on Friday, reaching $1.88. 327 shares of the company traded hands, compared to its average volume of 64,054. The business has a 50 day moving average of $1.96 and a two-hundred day moving average of $2.00. The company has a quick ratio of 2.72, a current ratio of 3.12 and a debt-to-equity ratio of 1.10. AgroFresh Solutions has a 12 month low of $1.64 and a 12 month high of $2.59.
AgroFresh Solutions Company Profile (Get Rating)
AgroFresh Solutions, Inc engages in the provision of food preservation and waste reduction solutions for fresh produce. Its products include SmartFreshTM, HarvistaTM, and FreshCloud. It operates through the AgroFresh Core and Tecnidex segments. The AgroFresh Core produces preservation and waste reduction solutions for growers and packers.
- Get a free copy of the StockNews.com research report on AgroFresh Solutions (AGFS)
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