Wall Street brokerages expect Liquidity Services, Inc. (NASDAQ:LQDT) to report sales of $60.16 million for the current quarter, according to Zacks. Two analysts have issued estimates for Liquidity Services’ earnings, with the highest sales estimate coming in at $65.90 million and the lowest estimate coming in at $54.42 million. Liquidity Services reported sales of $72.34 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 16.8%. The business is scheduled to report its next quarterly earnings results on Thursday, May 3rd.
On average, analysts expect that Liquidity Services will report full year sales of $60.16 million for the current financial year, with estimates ranging from $213.60 million to $245.92 million. For the next fiscal year, analysts forecast that the company will post sales of $207.65 million per share. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Liquidity Services.
Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings data on Thursday, February 1st. The business services provider reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.19. Liquidity Services had a negative return on equity of 20.43% and a negative net margin of 12.29%. The firm had revenue of $61.14 million for the quarter, compared to the consensus estimate of $65.42 million. During the same quarter in the prior year, the company posted ($0.22) earnings per share. The firm’s revenue was down 13.6% on a year-over-year basis.
In other Liquidity Services news, insider Roger Gravley sold 12,385 shares of the company’s stock in a transaction that occurred on Monday, April 2nd. The stock was 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 Securities & Exchange Commission, which is accessible through this hyperlink. 22.30% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of LQDT. Roumell Asset Management LLC boosted its position in shares of Liquidity Services by 26.5% in the fourth quarter. Roumell Asset Management LLC now owns 1,108,228 shares of the business services provider’s stock valued at $5,375,000 after acquiring an additional 232,357 shares during the period. Boston Partners bought a new stake in shares of Liquidity Services in the fourth quarter valued at approximately $934,000. Dimensional Fund Advisors LP boosted its position in shares of Liquidity Services by 15.0% in 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 acquiring an additional 135,532 shares during the period. Stone Ridge Asset Management LLC bought a new stake in shares of Liquidity Services in the fourth quarter valued at approximately $330,000. Finally, Anson Funds Management LP bought a new stake in shares of Liquidity Services in the fourth quarter valued at approximately $310,000. 67.60% of the stock is owned by institutional investors.
Shares of Liquidity Services stock opened at $6.15 on Friday. The company has a market cap of $202.79, a price-to-earnings ratio of -6.28 and a beta of 0.62. Liquidity Services has a 12-month low of $4.34 and a 12-month high of $8.05.
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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