Liquidity Services, Inc. (NASDAQ:LQDT) – Equities research analysts at Barrington Research issued their Q1 2018 earnings per share (EPS) estimates for Liquidity Services in a report released on Tuesday, according to Zacks Investment Research. Barrington Research analyst G. Prestopino forecasts that the business services provider will earn ($0.34) per share for the quarter. Barrington Research also issued estimates for Liquidity Services’ Q2 2018 earnings at ($0.22) EPS, Q3 2018 earnings at ($0.16) EPS, Q4 2018 earnings at ($0.09) EPS and FY2018 earnings at ($0.81) EPS.
Liquidity Services (NASDAQ:LQDT) last posted its earnings results on Tuesday, December 5th. The business services provider reported ($0.33) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($0.07). The business had revenue of $61.40 million during the quarter, compared to the consensus estimate of $64.10 million. Liquidity Services had a negative return on equity of 21.96% and a negative net margin of 14.51%. The firm’s revenue for the quarter was down 21.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.02) earnings per share.
Separately, Zacks Investment Research raised Liquidity Services from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th.
Shares of Liquidity Services (LQDT) opened at $4.85 on Friday. The stock has a market capitalization of $154.67, a PE ratio of -3.91 and a beta of 0.89. Liquidity Services has a 12 month low of $4.34 and a 12 month high of $10.45.
A number of institutional investors and hedge funds have recently modified their holdings of LQDT. Vanguard Group Inc. lifted its holdings in Liquidity Services by 5.7% in the first quarter. Vanguard Group Inc. now owns 1,309,668 shares of the business services provider’s stock worth $10,477,000 after buying an additional 71,139 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Liquidity Services by 4.6% during the first quarter. Geode Capital Management LLC now owns 184,218 shares of the business services provider’s stock valued at $1,473,000 after purchasing an additional 8,069 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Liquidity Services by 5.1% during the first quarter. Dimensional Fund Advisors LP now owns 792,340 shares of the business services provider’s stock valued at $6,338,000 after purchasing an additional 38,478 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Liquidity Services by 3.3% during the first quarter. Morgan Stanley now owns 240,482 shares of the business services provider’s stock valued at $1,924,000 after purchasing an additional 7,731 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Liquidity Services by 4.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 98,189 shares of the business services provider’s stock valued at $786,000 after purchasing an additional 4,617 shares during the last quarter. Institutional investors and hedge funds own 66.56% of the company’s stock.
In other Liquidity Services news, insider James M. Rallo sold 11,054 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $5.62, for a total value of $62,123.48. Following the completion of the sale, the insider now directly owns 11,054 shares in the company, valued at $62,123.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James M. Rallo sold 15,270 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $5.80, for a total transaction of $88,566.00. The disclosure for this sale can be found here. Company insiders own 22.30% of the company’s stock.
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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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