FY2024 EPS Estimates for Sow Good Inc. Cut by Analyst (NASDAQ:SOWG)

Sow Good Inc. (NASDAQ:SOWG) – Investment analysts at Roth Capital decreased their FY2024 earnings per share estimates for shares of Sow Good in a report issued on Wednesday, September 11th. Roth Capital analyst G. Kelly now forecasts that the company will post earnings per share of $0.52 for the year, down from their previous estimate of $0.59. The consensus estimate for Sow Good’s current full-year earnings is $0.59 per share. Roth Capital also issued estimates for Sow Good’s Q3 2025 earnings at $0.28 EPS.

SOWG has been the topic of a number of other reports. Craig Hallum lifted their price target on Sow Good from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, June 3rd. Roth Mkm reiterated a “buy” rating and set a $21.00 target price (up from $15.00) on shares of Sow Good in a research note on Thursday, May 16th.

Sow Good Stock Down 3.1 %

Shares of NASDAQ SOWG opened at $10.32 on Thursday. The stock has a market cap of $104.67 million, a P/E ratio of -29.49 and a beta of 1.93. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.13 and a quick ratio of 3.30. The business has a 50 day simple moving average of $16.53. Sow Good has a twelve month low of $5.50 and a twelve month high of $24.83.

Sow Good (NASDAQ:SOWG) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.28. Sow Good had a net margin of 13.24% and a return on equity of 37.94%. The company had revenue of $15.65 million for the quarter, compared to analyst estimates of $14.40 million. During the same period last year, the firm earned ($0.68) earnings per share.

Hedge Funds Weigh In On Sow Good

Institutional investors have recently bought and sold shares of the company. Marshall Wace LLP purchased a new stake in Sow Good in the second quarter worth $1,826,000. Accredited Investors Inc. bought a new position in shares of Sow Good during the 2nd quarter worth $1,789,000. Swedbank AB purchased a new stake in Sow Good in the 2nd quarter worth about $1,378,000. Perritt Capital Management Inc bought a new stake in Sow Good in the 2nd quarter valued at about $60,000. Finally, Abound Wealth Management purchased a new stake in Sow Good during the second quarter valued at about $33,000. Hedge funds and other institutional investors own 10.74% of the company’s stock.

About Sow Good

Sow Good Inc is engaged in producing nutritious products in the freeze-dried food industry. Sow Good Inc, formerly known as Black Ridge Oil and Gas Inc, is based in IRVING, Texas.