Brokerages Anticipate Liquidity Services, Inc. (LQDT) to Announce -$0.14 Earnings Per Share

Analysts expect Liquidity Services, Inc. (NASDAQ:LQDT) to announce ($0.14) earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for Liquidity Services’ earnings, with the highest EPS estimate coming in at ($0.12) and the lowest estimate coming in at ($0.16). Liquidity Services posted earnings of ($0.21) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 33.3%. The company is scheduled to issue its next earnings report on Thursday, May 3rd.

According to Zacks, analysts expect that Liquidity Services will report full-year earnings of ($0.43) per share for the current financial year, with EPS estimates ranging from ($0.44) to ($0.41). For the next fiscal year, analysts expect that the company will report earnings of $0.18 per share. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Liquidity Services.

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Liquidity Services (NASDAQ:LQDT) last released its earnings results on Thursday, February 1st. The business services provider reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.19. The firm had revenue of $61.14 million for the quarter, compared to analyst estimates of $65.42 million. Liquidity Services had a negative return on equity of 20.43% and a negative net margin of 12.29%. Liquidity Services’s revenue was down 13.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.22) earnings per share.

A number of brokerages recently weighed in on LQDT. Zacks Investment Research cut Liquidity Services from a “buy” rating to a “hold” rating in a research note on Thursday, April 5th. Barrington Research raised Liquidity Services from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 1st. Finally, ValuEngine cut Liquidity Services from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 8th.

In related news, insider Roger Gravley sold 12,385 shares of Liquidity Services stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $6.23, for a total value of $77,158.55. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 22.10% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers grew its stake in Liquidity Services by 15.3% during the 4th quarter. Rhumbline Advisers now owns 60,370 shares of the business services provider’s stock valued at $293,000 after acquiring an additional 8,008 shares in the last quarter. Wells Fargo & Company MN grew its stake in Liquidity Services by 26.5% during the 4th quarter. Wells Fargo & Company MN now owns 43,522 shares of the business services provider’s stock valued at $212,000 after acquiring an additional 9,107 shares in the last quarter. 22NW LP grew its stake in Liquidity Services by 86.5% during the 3rd quarter. 22NW LP now owns 38,592 shares of the business services provider’s stock valued at $228,000 after acquiring an additional 17,900 shares in the last quarter. Eagle Boston Investment Management Inc. grew its stake in Liquidity Services by 7.2% during the 4th quarter. Eagle Boston Investment Management Inc. now owns 279,418 shares of the business services provider’s stock valued at $1,355,000 after acquiring an additional 18,715 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Liquidity Services during the 4th quarter valued at about $105,000. 67.60% of the stock is currently owned by institutional investors.

NASDAQ:LQDT remained flat at $$6.20 during mid-day trading on Friday. The company had a trading volume of 37,824 shares, compared to its average volume of 145,939. Liquidity Services has a 1 year low of $4.34 and a 1 year high of $8.05.

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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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Earnings History and Estimates for Liquidity Services (NASDAQ:LQDT)

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