HC Wainwright Weighs in on TOMI Environmental Solutions, Inc.’s Q2 2024 Earnings (NASDAQ:TOMZ)

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZFree Report) – Stock analysts at HC Wainwright reduced their Q2 2024 EPS estimates for shares of TOMI Environmental Solutions in a research report issued on Thursday, May 16th. HC Wainwright analyst A. Dayal now expects that the company will post earnings of ($0.04) per share for the quarter, down from their previous estimate of ($0.01). HC Wainwright currently has a “Buy” rating and a $3.50 price objective on the stock. The consensus estimate for TOMI Environmental Solutions’ current full-year earnings is ($0.10) per share. HC Wainwright also issued estimates for TOMI Environmental Solutions’ FY2024 earnings at ($0.10) EPS.

TOMI Environmental Solutions (NASDAQ:TOMZGet Free Report) last posted its earnings results on Monday, April 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). TOMI Environmental Solutions had a negative net margin of 51.20% and a negative return on equity of 39.96%. The business had revenue of $1.53 million during the quarter, compared to analyst estimates of $2.86 million.

TOMI Environmental Solutions Trading Down 3.5 %

NASDAQ:TOMZ opened at $0.68 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.36 and a quick ratio of 2.59. The business’s 50-day simple moving average is $0.65 and its 200-day simple moving average is $0.81. TOMI Environmental Solutions has a fifty-two week low of $0.46 and a fifty-two week high of $1.39. The stock has a market capitalization of $13.57 million, a PE ratio of -3.78 and a beta of 1.17.

Institutional Investors Weigh In On TOMI Environmental Solutions

An institutional investor recently bought a new position in TOMI Environmental Solutions stock. Choreo LLC acquired a new position in TOMI Environmental Solutions, Inc. (NASDAQ:TOMZFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 48,751 shares of the company’s stock, valued at approximately $49,000. Choreo LLC owned approximately 0.24% of TOMI Environmental Solutions as of its most recent SEC filing. 4.77% of the stock is owned by hedge funds and other institutional investors.

About TOMI Environmental Solutions

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TOMI Environmental Solutions, Inc, a bacteria decontamination and infectious disease control company, provides environmental solutions for indoor surface decontamination in the United States and internationally. Its products and services include SteraMist Surface Unit, a portable, handheld, point and spray disinfection/decontamination system intended to provide quick turnover of any affected space; SteraMist Environment System, a transportable, remotely controlled system that offers complete room disinfection/decontamination of a sealed space; and The SteraMist Hospital Disinfection Cart, a solution to aid its hospital-healthcare customers in providing the quality of care and safety to their patients by disinfecting patient and operating rooms, pharmacies, ambulances, and emergency environments in a hospital or healthcare facility.

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Earnings History and Estimates for TOMI Environmental Solutions (NASDAQ:TOMZ)

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