Equities analysts expect Groupon Inc (NASDAQ:GRPN) to announce sales of $686.32 million for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Groupon’s earnings. The highest sales estimate is $712.14 million and the lowest is $654.76 million. Groupon reported sales of $673.63 million during the same quarter last year, which indicates a positive year over year growth rate of 1.9%. The company is scheduled to announce its next quarterly earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that Groupon will report full year sales of $686.32 million for the current fiscal year, with estimates ranging from $2.58 billion to $2.93 billion. For the next financial year, analysts forecast that the business will post sales of $2.81 billion per share, with estimates ranging from $2.61 billion to $3.08 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Groupon.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings data on Wednesday, February 14th. The coupon company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.02). The business had revenue of $873.17 million for the quarter, compared to analyst estimates of $853.13 million. Groupon had a return on equity of 0.22% and a net margin of 0.49%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 EPS.
Several brokerages recently commented on GRPN. BidaskClub downgraded Groupon from a “hold” rating to a “sell” rating in a research note on Saturday. JPMorgan Chase & Co. dropped their price objective on Groupon from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, February 15th. Morgan Stanley reaffirmed a “sell” rating and set a $4.30 price objective on shares of Groupon in a research note on Thursday, February 15th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $4.80 price objective on shares of Groupon in a research note on Thursday, February 15th. Finally, Zacks Investment Research downgraded Groupon from a “hold” rating to a “sell” rating in a research note on Monday, February 12th. Seven analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $5.08.
Shares of Groupon (NASDAQ:GRPN) opened at $4.28 on Wednesday. The company has a market capitalization of $2,390.00, a price-to-earnings ratio of 214.00, a P/E/G ratio of 25.56 and a beta of 1.47. Groupon has a 12 month low of $2.90 and a 12 month high of $5.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 0.95.
In other news, Director Eric P. Lefkofsky sold 1,500,000 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $5.77, for a total value of $8,655,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Brian Stevens sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $5.71, for a total value of $114,200.00. Following the completion of the transaction, the chief accounting officer now owns 222,354 shares of the company’s stock, valued at approximately $1,269,641.34. The disclosure for this sale can be found here. 23.40% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Paloma Partners Management Co bought a new position in shares of Groupon in the 4th quarter valued at about $110,000. New York State Teachers Retirement System bought a new position in shares of Groupon in the 3rd quarter valued at about $122,000. US Bancorp DE bought a new position in shares of Groupon in the 4th quarter valued at about $133,000. North Star Investment Management Corp. bought a new position in shares of Groupon in the 4th quarter valued at about $153,000. Finally, Ameritas Investment Partners Inc. bought a new position in shares of Groupon in the 2nd quarter valued at about $116,000. Institutional investors own 57.01% of the company’s stock.
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Groupon, Inc operates online local commerce marketplaces around the world that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America, which represents the United States and Canada; EMEA, which consists of Europe, and the Middle East and Africa, and the remainder of its international operations (Rest of World).
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