B.Riley FBR analyst Sarkis Sherbetchyan maintained a Buy rating on S&W Seed Company (NASDAQ: SANW) today and set a price target of $4.50. The company’s shares opened today at $3.05, close to its 52-week low of $2.90.
Sherbetchyan noted:
“Buy-rated S&W Seed (SANW, $4.50 PT) reports 4Q18 (June) results BMO on and will host its earnings call at 11:00AM ET (dial-in: We model revenues/adj. EBITDA near the midpoint of management’s implied 4Q guidance of $11M-$16M/ $(0.2)M-$(1.7)M, respectively. The consensus also sits near the midpoint into the print. We expect results in line with management’s guidance. the Saudi Arabia market has been a material negative headwind, and though sales to this market are likely near trough levels, we think a near-term recovery seems unlikely given continued softness.”
According to TipRanks.com, Sherbetchyan is a 4-star analyst with an average return of 12.2% and a 60.5% success rate. Sherbetchyan covers the Consumer Goods sector, focusing on stocks such as Lightpath Technologies, Vishay Precision Group, and Ferroglobe PLC.
Currently, the analyst consensus on S&W Seed Company is a Moderate Buy with an average price target of $5.75.
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Based on S&W Seed Company’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $1.78 million. In comparison, last year the company had a GAAP net loss of $11.09 million.
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S&W Seed Co. engages in the production and trade of stevia and alfalfa seeds. It offers agricultural breeding, seed processing, and seed cleaning. The company was founded by Grover T. Wickersham in July 1980 and is headquartered in Hanford, CA.
