Liquidity Services, Inc. (NASDAQ:LQDT) – Stock analysts at Barrington Research issued their Q1 2019 earnings per share (EPS) estimates for Liquidity Services in a research report issued on Tuesday. Barrington Research analyst G. Prestopino expects that the business services provider will post earnings of ($0.09) per share for the quarter. Barrington Research also issued estimates for Liquidity Services’ Q2 2019 earnings at $0.00 EPS, Q3 2019 earnings at $0.01 EPS, Q4 2019 earnings at $0.00 EPS and FY2019 earnings at ($0.08) EPS.
Liquidity Services (NASDAQ:LQDT) last released its earnings results on Tuesday, December 5th. The business services provider reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.07). Liquidity Services had a negative return on equity of 21.96% and a negative net margin of 14.51%. The company had revenue of $61.40 million during the quarter, compared to analysts’ expectations of $64.10 million. During the same period in the prior year, the company posted ($0.02) earnings per share. The company’s revenue was down 21.8% on a year-over-year basis.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research raised Liquidity Services from a “sell” rating to a “hold” rating in a research note on Saturday, September 23rd. ValuEngine raised Liquidity Services from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st.
Liquidity Services (NASDAQ LQDT) traded down $0.10 during midday trading on Thursday, hitting $4.60. The stock had a trading volume of 489,761 shares, compared to its average volume of 122,213. Liquidity Services has a 52-week low of $4.34 and a 52-week high of $10.45.
In related news, insider James M. Rallo sold 15,270 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $5.80, for a total transaction of $88,566.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Roger Gravley sold 8,545 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $5.80, for a total value of $49,561.00. Following the sale, the insider now directly owns 9,702 shares in the company, valued at $56,271.60. The disclosure for this sale can be found here. Insiders have sold 34,869 shares of company stock worth $200,250 over the last ninety days. 22.30% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in LQDT. Public Employees Retirement System of Ohio boosted its position in shares of Liquidity Services by 16.2% during the first quarter. Public Employees Retirement System of Ohio now owns 13,017 shares of the business services provider’s stock valued at $104,000 after buying an additional 1,816 shares during the last quarter. Texas Permanent School Fund boosted its position in shares of Liquidity Services by 1.2% during the second quarter. Texas Permanent School Fund now owns 17,931 shares of the business services provider’s stock valued at $114,000 after buying an additional 204 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Liquidity Services by 51.0% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 24,050 shares of the business services provider’s stock valued at $153,000 after buying an additional 8,120 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Liquidity Services by 43.0% during the third quarter. Wells Fargo & Company MN now owns 34,415 shares of the business services provider’s stock valued at $203,000 after buying an additional 10,352 shares during the last quarter. Finally, 22NW LP boosted its position in shares of Liquidity Services by 86.5% during the third quarter. 22NW LP now owns 38,592 shares of the business services provider’s stock valued at $228,000 after buying an additional 17,900 shares during the last quarter. 67.39% of the stock is currently owned by institutional investors.
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About Liquidity Services
Liquidity Services, Inc operates a network of e-commerce marketplaces that enable buyers and sellers to transact in an automated environment. The Company employs e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government clients. The Company’s marketplaces provide professional buyers access to a global supply of new, surplus and scrap assets presented with digital images and other relevant product information.
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