Sito Mobile (NASDAQ:SITO) Releases Earnings Results, Beats Estimates By $0.09 EPS

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Sito Mobile (NASDAQ:SITO) released its quarterly earnings data on Thursday. The Wireless communications provider reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.09, Fidelity Earnings reports. Sito Mobile had a negative net margin of 45.55% and a negative return on equity of 129.76%. The firm had revenue of $13.89 million for the quarter.

NASDAQ:SITO traded up $0.10 during midday trading on Friday, reaching $0.85. 9 shares of the stock traded hands, compared to its average volume of 41,802. Sito Mobile has a 12-month low of $0.55 and a 12-month high of $2.46. The business has a 50-day moving average of $0.72 and a two-hundred day moving average of $1.27. The stock has a market capitalization of $19.23 million, a PE ratio of -1.17 and a beta of 0.99.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Sito Mobile from a “hold” rating to a “sell” rating in a research note on Tuesday, July 23rd. Lake Street Capital cut shares of Sito Mobile from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. Finally, ValuEngine raised shares of Sito Mobile from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $3.00.

About Sito Mobile

SITO Mobile, Ltd. provides advertisement delivery, measurement and attribution, and consumer insights using its proprietary location-based marketing intelligence platform in the United States and Canada. It offers Ad Placement, which delivers advertisements on behalf of its customers to audiences of existing and prospective consumers in a privacy compliant manner; and advertisements across television, desktop, social media, and digital out of home platforms.

Further Reading: Economic Bubble

Earnings History for Sito Mobile (NASDAQ:SITO)

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