“Company (SANW, $4 PT) reported 1Q19 (Sep.) results before the market open on Thursday, 11/8. Revenues exceeded both our and consensus estimates due to the acceleration of revenue recognition associated with sales to Pioneer. A beat on the top-line and lower-than-forecast operating expenses yielded an adjusted EBITDA which exceeded our and consensus forecasts. SANW is now focused on integrating the acquired Chromatin sorghum assets and IP . (For more on the acquisition, refer to our 11/2 flash note.) While Chromatin should be immediately accretive to SANW’s sales and gross profits, the absorption of the cost structure could impact EBITDA in the near-term.”
According to TipRanks.com, Sherbetchyan is a 4-star analyst with an average return of 6.2% and a 48.4% success rate. Sherbetchyan covers the Consumer Goods sector, focusing on stocks such as Lightpath Technologies, Vishay Precision Group, and Ferroglobe PLC.
S&W Seed Company has an analyst consensus of Moderate Buy.
The company has a one-year high of $4.40 and a one-year low of $2.35. Currently, S&W Seed Company has an average volume of 42.52K.
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S&W Seed Co. is an agricultural company, which engages in the production and trade of stevia and alfalfa seeds. It product portfolio include hybrid sorghum, sunflower seed,and corn. The company was founded by Grover T. Wickersham in July 1980 and is headquartered in Hanford, CA.