S&W Seed Company (SANW) reported quarterly earnings results on Thursday, May-12-2016. The company said it had a profit of $0.04 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $-0.01. The company posted revenue of $25.01 million in the period, compared to analysts expectations of $21.19 million. The company’s revenue was down -18.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.
S&W Seed Company opened for trading at $4.44 and hit $4.51 on the upside on Tuesday, eventually ending the session at $4.45, with a gain of 0.91% or 0.04 points. The heightened volatility saw the trading volume jump to 27,614 shares. Company has a market cap of $65 M.
In a different news, on Apr 5, 2016, Mark S Grewal (President and CEO) sold 1,181 shares at $4.18 per share price. According to the SEC, on Apr 5, 2016, Matthew K Szot (Exec VP Finance & Admin, CFO) sold 1,100 shares at $4.18 per share price. On Mar 2, 2016, Mick Fleming (director) purchased 2,500 shares at $4.19 per share price, according to the Form-4 filing with the securities and exchange commission.
S&W Seed Company (S&W) is engaged in breeding growing processing and selling agricultural commodities principally alfalfa seed. The Company is a producer of warm climate high-yield alfalfa seed varieties including varieties that can thrive in poor saline soils. The Company also offers seed cleaning and processing for other seed manufacturers. S&W owns a seed-cleaning and processing facility in Five Points California. The property includes a total of 40 acres including 35 acres that are in reserve for future development and five acres with permanent structures and three seed-processing lines. The Company’s products are grown under contract by farmers in the San Joaquin and Imperial Valleys of California Southern Australia as well as by the Company itself under a small direct farming operation. S&W is also focused on breeding improved varieties of stevia improving its harvesting and milling techniques and developing marketing and distribution programs for its stevia products.