Equities research analysts predict that Liquidity Services, Inc. (NASDAQ:LQDT) will announce sales of $60.62 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Liquidity Services’ earnings. The lowest sales estimate is $59.40 million and the highest is $61.84 million. Liquidity Services posted sales of $70.80 million during the same quarter last year, which suggests a negative year-over-year growth rate of 14.4%. The company is scheduled to report its next quarterly earnings report on Thursday, February 8th.
On average, analysts expect that Liquidity Services will report full-year sales of $60.62 million for the current fiscal year, with estimates ranging from $219.45 million to $237.60 million. For the next financial year, analysts forecast that the business will post sales of $241.13 million per share. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Liquidity Services.
Liquidity Services (NASDAQ:LQDT) last posted 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). The firm had revenue of $61.40 million during the quarter, compared to analysts’ expectations of $64.10 million. Liquidity Services had a negative return on equity of 21.96% and a negative net margin of 14.51%. Liquidity Services’s quarterly revenue was down 21.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.02) earnings per share.
Separately, Zacks Investment Research upgraded Liquidity Services from a “sell” rating to a “hold” rating in a research report on Saturday, September 23rd.
In related news, insider James M. Rallo sold 11,054 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $5.62, for a total value of $62,123.48. Following the sale, the insider now directly owns 11,054 shares in the company, valued at $62,123.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 22.30% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its position in Liquidity Services by 22.0% during the second quarter. Renaissance Technologies LLC now owns 1,981,239 shares of the business services provider’s stock valued at $12,581,000 after purchasing an additional 357,240 shares during the period. Roumell Asset Management LLC raised its position in Liquidity Services by 39.9% during the third quarter. Roumell Asset Management LLC now owns 875,871 shares of the business services provider’s stock valued at $5,168,000 after purchasing an additional 249,611 shares during the period. Dimensional Fund Advisors LP raised its position in Liquidity Services by 15.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,038,515 shares of the business services provider’s stock valued at $6,127,000 after purchasing an additional 135,532 shares during the period. Staley Capital Advisers Inc. raised its position in Liquidity Services by 2.0% during the third quarter. Staley Capital Advisers Inc. now owns 2,575,000 shares of the business services provider’s stock valued at $15,192,000 after purchasing an additional 50,000 shares during the period. Finally, New York State Common Retirement Fund raised its position in Liquidity Services by 64.5% during the third quarter. New York State Common Retirement Fund now owns 59,255 shares of the business services provider’s stock valued at $350,000 after purchasing an additional 23,227 shares during the period. Institutional investors own 66.56% of the company’s stock.
Shares of Liquidity Services (NASDAQ:LQDT) opened at $5.10 on Friday. The company has a market capitalization of $162.64, a PE ratio of -4.08 and a beta of 0.89. Liquidity Services has a 52-week low of $4.34 and a 52-week high of $9.95.
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Liquidity Services Company Profile
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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