S&W Seed (NASDAQ:SANW) Releases Quarterly Earnings Results, Misses Expectations By $0.08 EPS

S&W Seed (NASDAQ:SANWGet Rating) issued its quarterly earnings results on Monday. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.08), MarketWatch Earnings reports. S&W Seed had a negative net margin of 23.68% and a negative return on equity of 34.58%. During the same quarter in the prior year, the company earned ($0.07) earnings per share. S&W Seed updated its FY 2022 guidance to EPS.

SANW traded down $0.12 during trading on Tuesday, reaching $1.33. 249,974 shares of the stock were exchanged, compared to its average volume of 277,716. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.37 and a current ratio of 1.60. The stock’s 50 day moving average price is $1.81 and its two-hundred day moving average price is $2.39. S&W Seed has a twelve month low of $1.24 and a twelve month high of $4.60. The stock has a market cap of $51.75 million, a P/E ratio of -2.79 and a beta of 1.24.

SANW has been the subject of several research reports. Zacks Investment Research cut shares of S&W Seed from a “hold” rating to a “sell” rating in a research report on Wednesday, February 16th. StockNews.com lowered shares of S&W Seed from a “hold” rating to a “sell” rating in a research note on Thursday, May 12th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat, S&W Seed currently has an average rating of “Hold” and a consensus price target of $4.58.

A number of hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its position in shares of S&W Seed by 8.1% in the first quarter. Dimensional Fund Advisors LP now owns 197,498 shares of the company’s stock valued at $421,000 after acquiring an additional 14,810 shares during the period. First Western Trust Bank bought a new stake in shares of S&W Seed in the first quarter valued at about $348,000. Finally, Marshall Wace LLP bought a new stake in shares of S&W Seed in the fourth quarter valued at about $26,000.

About S&W Seed (Get Rating)

S&W Seed Company, an agricultural company, engages in breeding, growing, processing, and selling alfalfa and sorghum seeds. It also offers sunflower, wheat germplasm, wheat, and pasture seeds. The company sells its seeds to distributors and dealers in 40 countries. S&W Seed Company was founded in 1980 and is headquartered in Longmont, Colorado.

Further Reading

Earnings History for S&W Seed (NASDAQ:SANW)

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