$38.36 Million in Sales Expected for AgroFresh Solutions, Inc. (NASDAQ:AGFS) This Quarter

Wall Street analysts forecast that AgroFresh Solutions, Inc. (NASDAQ:AGFSGet Rating) will post $38.36 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for AgroFresh Solutions’ earnings, with estimates ranging from $37.00 million to $39.72 million. AgroFresh Solutions reported sales of $38.99 million during the same quarter last year, which would suggest a negative year over year growth rate of 1.6%. The firm is expected to issue its next earnings report after the market closes on Monday, January 1st.

On average, 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 forecast that the business will report sales of $198.94 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover AgroFresh Solutions.

AgroFresh Solutions (NASDAQ:AGFSGet Rating) last posted its quarterly earnings results on Wednesday, March 9th. The basic materials company reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.06. The firm had revenue of $55.90 million during the quarter, compared to analyst estimates of $53.30 million. AgroFresh Solutions had a negative return on equity of 8.58% and a negative net margin of 7.09%.

Separately, StockNews.com started coverage on AgroFresh Solutions in a report on Wednesday. They set a “hold” rating for the company.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in shares of AgroFresh Solutions by 17.9% in the third quarter. American Century Companies Inc. now owns 54,108 shares of the basic materials company’s stock worth $117,000 after buying an additional 8,224 shares in the last quarter. TSP Capital Management Group LLC increased its stake in AgroFresh Solutions by 39.9% in the 4th quarter. TSP Capital Management Group LLC now owns 2,761,800 shares of the basic materials company’s stock worth $5,496,000 after acquiring an additional 787,000 shares during the last quarter. BlackRock Inc. raised its holdings in shares of AgroFresh Solutions by 52.4% in the 3rd quarter. BlackRock Inc. now owns 195,830 shares of the basic materials company’s stock valued at $423,000 after acquiring an additional 67,354 shares in the last quarter. Finally, Perritt Capital Management Inc. boosted its position in shares of AgroFresh Solutions by 15.8% during the 3rd quarter. Perritt Capital Management Inc. now owns 49,213 shares of the basic materials company’s stock valued at $106,000 after acquiring an additional 6,713 shares during the last quarter. Hedge funds and other institutional investors own 74.34% of the company’s stock.

Shares of AGFS opened at $1.92 on Friday. AgroFresh Solutions has a 52-week low of $1.64 and a 52-week high of $2.52. The stock’s 50-day simple moving average is $1.93 and its 200 day simple moving average is $1.97. The company has a debt-to-equity ratio of 1.10, a quick ratio of 2.72 and a current ratio of 3.12. The stock has a market capitalization of $100.64 million, a price-to-earnings ratio of -3.15 and a beta of 0.90.

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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