TOMI Environmental Solutions (NASDAQ:TOMZ) Releases Earnings Results, Misses Estimates By $0.01 EPS

TOMI Environmental Solutions (NASDAQ:TOMZ) released its earnings results on Friday. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01), Zacks reports. TOMI Environmental Solutions had a negative net margin of 77.33% and a negative return on equity of 56.46%. The company had revenue of $2.01 million during the quarter.

TOMI Environmental Solutions Stock Performance

Shares of NASDAQ:TOMZ traded up $0.01 on Friday, reaching $0.82. 41,084 shares of the company’s stock were exchanged, compared to its average volume of 50,969. The business’s 50-day moving average is $0.94 and its two-hundred day moving average is $0.94. The company has a quick ratio of 0.82, a current ratio of 2.08 and a debt-to-equity ratio of 1.05. TOMI Environmental Solutions has a fifty-two week low of $0.63 and a fifty-two week high of $1.50. The firm has a market capitalization of $16.48 million, a price-to-earnings ratio of -3.57 and a beta of 1.13.

Analysts Set New Price Targets

A number of research analysts have recently commented on TOMZ shares. Weiss Ratings reissued a “sell (d-)” rating on shares of TOMI Environmental Solutions in a research report on Wednesday, October 8th. Zacks Research raised shares of TOMI Environmental Solutions from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 16th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, TOMI Environmental Solutions currently has a consensus rating of “Hold” and a consensus price target of $3.50.

TOMI Environmental Solutions Company Profile

TOMI Environmental Solutions, Inc, a bacteria decontamination and infectious disease control company, engages in the provision of environmental solutions for indoor air and surface disinfection and decontamination in the United States and internationally. The company’s disinfection solutions include SteraPak portable disinfection systems, SteraMist select surface units, SteraMist environment systems, SteraMist total disinfection carts, SteraMist transport units, NV+ fogging disinfection and decontamination systems, SteraMist custom engineered systems, SteraMist Hybrid disinfection systems, SteraMist integrated systems, Stainless Steel 90-Degree applicators, SteraMist plasma decontamination chambers, and iHP Corporate Service Decontamination, which provides full room, equipment, facility, and emergency disinfection and decontamination services.