A-Mark Precious Metals Inc to Post Q1 2019 Earnings of ($0.02) Per Share, B. Riley Forecasts (NASDAQ:AMRK)

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A-Mark Precious Metals Inc (NASDAQ:AMRK) – Equities research analysts at B. Riley issued their Q1 2019 earnings per share (EPS) estimates for A-Mark Precious Metals in a research note issued on Wednesday, September 19th, Zacks Investment Research reports. B. Riley analyst S. Sherbetchyan expects that the company will earn ($0.02) per share for the quarter. B. Riley currently has a “Neutral” rating and a $16.50 target price on the stock. B. Riley also issued estimates for A-Mark Precious Metals’ Q2 2019 earnings at $0.05 EPS, Q3 2019 earnings at $0.16 EPS, Q4 2019 earnings at $0.18 EPS and FY2020 earnings at $1.05 EPS.

A number of other equities research analysts have also issued reports on the stock. TheStreet lowered shares of A-Mark Precious Metals from a “c” rating to a “d+” rating in a report on Monday, September 24th. Zacks Investment Research lowered shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Friday, September 21st. Finally, ValuEngine upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. A-Mark Precious Metals presently has an average rating of “Hold” and an average target price of $15.67.

Shares of AMRK stock traded down $0.04 during trading hours on Thursday, reaching $13.12. 5,552 shares of the stock traded hands, compared to its average volume of 10,281. A-Mark Precious Metals has a 1-year low of $10.39 and a 1-year high of $16.95. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.06 and a quick ratio of 0.64. The firm has a market capitalization of $91.54 million, a P/E ratio of -218.67 and a beta of 0.04.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings results on Tuesday, September 18th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.05. A-Mark Precious Metals had a negative net margin of 0.04% and a negative return on equity of 0.62%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.65 billion.

A number of institutional investors have recently added to or reduced their stakes in the business. Wedbush Securities Inc. increased its stake in A-Mark Precious Metals by 6.6% in the 2nd quarter. Wedbush Securities Inc. now owns 63,351 shares of the company’s stock valued at $841,000 after buying an additional 3,896 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of A-Mark Precious Metals by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 317,884 shares of the company’s stock worth $4,221,000 after purchasing an additional 4,805 shares during the last quarter. Cannell Capital LLC increased its stake in shares of A-Mark Precious Metals by 66.7% during the 2nd quarter. Cannell Capital LLC now owns 12,500 shares of the company’s stock worth $166,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Shufro Rose & Co. LLC increased its stake in shares of A-Mark Precious Metals by 3.2% during the 2nd quarter. Shufro Rose & Co. LLC now owns 245,850 shares of the company’s stock worth $3,265,000 after purchasing an additional 7,600 shares during the last quarter. Hedge funds and other institutional investors own 18.25% of the company’s stock.

In related news, major shareholder William A. Richardson acquired 20,000 shares of the company’s stock in a transaction on Wednesday, July 18th. The shares were purchased at an average price of $12.50 per share, for a total transaction of $250,000.00. Following the purchase, the insider now owns 253,790 shares in the company, valued at $3,172,375. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 39.50% of the stock is owned by insiders.

A-Mark Precious Metals Company Profile

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company worldwide. The company offers gold, silver, platinum, and palladium in the form of bars, plates, powder, wafers, grains, ingots, and coins, as well as distributes gold and silver coins and bars from sovereign and private mints.

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Earnings History and Estimates for A-Mark Precious Metals (NASDAQ:AMRK)

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