Magnegas Applied Tchnlgy Sltns Inc (MNGA) Expected to Announce Earnings of -$0.03 Per Share

Equities analysts expect Magnegas Applied Tchnlgy Sltns Inc (NASDAQ:MNGA) to announce earnings of ($0.03) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Magnegas Applied Tchnlgy Sltns’ earnings, with the lowest EPS estimate coming in at ($0.03) and the highest estimate coming in at ($0.02). The business is expected to issue its next quarterly earnings results on Wednesday, February 13th.

According to Zacks, analysts expect that Magnegas Applied Tchnlgy Sltns will report full-year earnings of ($0.52) per share for the current year, with EPS estimates ranging from ($0.99) to ($0.21). For the next fiscal year, analysts forecast that the firm will post earnings of ($0.09) per share, with EPS estimates ranging from ($0.15) to ($0.06). Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Magnegas Applied Tchnlgy Sltns.

Magnegas Applied Tchnlgy Sltns (NASDAQ:MNGA) last posted its quarterly earnings results on Wednesday, November 14th. The oil and gas company reported ($0.10) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.02. Magnegas Applied Tchnlgy Sltns had a negative return on equity of 98.33% and a negative net margin of 182.04%. The firm had revenue of $2.60 million during the quarter, compared to the consensus estimate of $3.13 million.

Separately, HC Wainwright reiterated a “buy” rating and set a $1.50 target price on shares of Magnegas Applied Tchnlgy Sltns in a research note on Thursday, November 15th.

Shares of NASDAQ MNGA traded up $0.01 during midday trading on Wednesday, hitting $0.19. 19,408,039 shares of the company’s stock were exchanged, compared to its average volume of 10,184,844. The company has a current ratio of 1.97, a quick ratio of 1.40 and a debt-to-equity ratio of 0.04. Magnegas Applied Tchnlgy Sltns has a 12 month low of $0.13 and a 12 month high of $4.76.

Magnegas Applied Tchnlgy Sltns Company Profile

MagneGas Applied Technology Solutions, Inc, an alternative energy company, creates and produces hydrogen based fuel through the gasification of liquid and liquid waste in the United States and internationally. The company offers MagneGas2, a hydrogen-based fuel for metal cutting as an alternative to acetylene.

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