Wall Street analysts expect that Liquidity Services, Inc. (NASDAQ:LQDT) will post ($0.22) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Liquidity Services’ earnings. The highest EPS estimate is ($0.19) and the lowest is ($0.25). Liquidity Services also reported earnings per share of ($0.22) during the same quarter last year. The company is expected to announce its next earnings report on Thursday, August 2nd.
According to Zacks, analysts expect that Liquidity Services will report full-year earnings of ($0.63) per share for the current financial year, with EPS estimates ranging from ($0.72) to ($0.53). For the next fiscal year, analysts anticipate that the business will post earnings of ($0.37) per share, with EPS estimates ranging from ($0.51) to ($0.22). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Liquidity Services.
Liquidity Services (NASDAQ:LQDT) last announced its earnings results on Thursday, May 3rd. The business services provider reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.02. The business had revenue of $43.10 million for the quarter, compared to the consensus estimate of $60.16 million. Liquidity Services had a negative net margin of 12.72% and a negative return on equity of 19.31%.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Liquidity Services from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine raised shares of Liquidity Services from a “sell” rating to a “hold” rating in a research note on Wednesday, May 9th. Finally, Barrington Research set a $10.00 target price on shares of Liquidity Services and gave the company a “buy” rating in a research note on Tuesday, May 1st.
In other Liquidity Services news, insider Roger Gravley sold 12,385 shares of the stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $6.23, for a total transaction of $77,158.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 22.10% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of LQDT. SG Americas Securities LLC bought a new position in Liquidity Services during the fourth quarter valued at approximately $105,000. Boston Partners bought a new position in Liquidity Services during the fourth quarter valued at approximately $934,000. Wells Fargo & Company MN grew its position in Liquidity Services by 26.5% during the fourth 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 during the last quarter. Eagle Boston Investment Management Inc. grew its holdings in shares of Liquidity Services by 7.2% in the fourth quarter. Eagle Boston Investment Management Inc. now owns 279,418 shares of the business services provider’s stock worth $1,355,000 after purchasing an additional 18,715 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of Liquidity Services by 224.0% in the fourth quarter. Arizona State Retirement System now owns 42,888 shares of the business services provider’s stock worth $208,000 after purchasing an additional 29,651 shares during the last quarter. Institutional investors and hedge funds own 66.68% of the company’s stock.
LQDT traded up $0.25 on Thursday, reaching $6.70. The company had a trading volume of 4,919 shares, compared to its average volume of 54,517. The company has a market capitalization of $207.06 million, a P/E ratio of -6.58 and a beta of 0.51. Liquidity Services has a 52-week low of $4.34 and a 52-week high of $7.65.
Liquidity Services Company Profile
Liquidity Services, Inc provides e-commerce marketplace solutions to manage, value, and sell inventory and equipment for business and government clients in the United States. The company's marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and capital assets; govliquidation.com, which enables federal government agencies and commercial businesses to sell surplus and scrap assets; govdeals.com that enables local and state government entities, school boards, and public utilities to sell surplus and salvage assets; auctiondeals.com self-service solution which enable sellers list their assets to commercial businesses to sell surplus and salvage assets.
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