S&W Seed (NASDAQ:SANW) Expected to Post Quarterly Sales of $57.50 Million

Equities analysts forecast that S&W Seed (NASDAQ:SANW) will post $57.50 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for S&W Seed’s earnings, with estimates ranging from $53.50 million to $61.50 million. S&W Seed reported sales of $9.89 million in the same quarter last year, which indicates a positive year-over-year growth rate of 481.4%. The firm is expected to issue its next quarterly earnings report on Thursday, September 19th.

According to Zacks, analysts expect that S&W Seed will report full year sales of $120.39 million for the current year, with estimates ranging from $116.40 million to $124.38 million. For the next fiscal year, analysts expect that the company will post sales of $55.85 million, with estimates ranging from $50.00 million to $61.70 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow S&W Seed.

SANW has been the subject of a number of recent research reports. ValuEngine raised S&W Seed from a “hold” rating to a “buy” rating in a research note on Thursday, May 23rd. National Securities reaffirmed a “buy” rating and issued a $6.00 target price on shares of S&W Seed in a research note on Friday, May 24th. B. Riley reaffirmed a “buy” rating and issued a $3.50 target price on shares of S&W Seed in a research note on Monday, June 10th. Finally, Zacks Investment Research raised S&W Seed from a “sell” rating to a “hold” rating in a research note on Tuesday, August 13th.

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of S&W Seed by 3.8% in the second quarter. Vanguard Group Inc. now owns 703,547 shares of the company’s stock valued at $1,858,000 after acquiring an additional 25,650 shares in the last quarter. Teton Advisors Inc. lifted its position in shares of S&W Seed by 3.0% in the second quarter. Teton Advisors Inc. now owns 510,000 shares of the company’s stock valued at $1,346,000 after acquiring an additional 15,000 shares in the last quarter. Cutter & CO Brokerage Inc. purchased a new stake in shares of S&W Seed in the second quarter valued at $3,079,000. First Manhattan Co. purchased a new stake in shares of S&W Seed in the first quarter valued at $182,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of S&W Seed by 11.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 162,512 shares of the company’s stock valued at $294,000 after acquiring an additional 16,236 shares in the last quarter. 77.36% of the stock is owned by hedge funds and other institutional investors.

Shares of SANW traded down $0.11 during midday trading on Tuesday, reaching $2.39. The company had a trading volume of 25,100 shares, compared to its average volume of 16,643. S&W Seed has a 1-year low of $1.81 and a 1-year high of $3.25. The stock has a market cap of $83.20 million, a PE ratio of -10.86 and a beta of 0.37. The firm has a 50 day simple moving average of $2.80 and a 200-day simple moving average of $2.74. The company has a quick ratio of 0.34, a current ratio of 1.59 and a debt-to-equity ratio of 0.12.

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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