Wall Street brokerages forecast that Liquidity Services, Inc. (NASDAQ:LQDT) will announce ($0.26) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Liquidity Services’ earnings, with the highest EPS estimate coming in at ($0.22) and the lowest estimate coming in at ($0.30). Liquidity Services reported earnings of ($0.12) per share during the same quarter last year, which suggests a negative year over year growth rate of 116.7%. The firm is expected to report its next quarterly earnings results on Thursday, November 16th.
According to Zacks, analysts expect that Liquidity Services will report full-year earnings of ($1.04) per share for the current fiscal year, with EPS estimates ranging from ($1.08) to ($1.00). For the next financial year, analysts forecast that the business will post earnings of ($0.60) per share, with EPS estimates ranging from ($0.68) to ($0.51). Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Liquidity Services.
Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings results on Thursday, August 3rd. The business services provider reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.03. The business had revenue of $65.50 million during the quarter, compared to analyst estimates of $79.56 million. Liquidity Services had a negative net margin of 27.52% and a negative return on equity of 16.59%. The company’s revenue was down 23.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.07 earnings per share.
A number of brokerages have commented on LQDT. Robert W. Baird reissued a “neutral” rating on shares of Liquidity Services in a research note on Monday, July 3rd. Zacks Investment Research cut shares of Liquidity Services from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Finally, ValuEngine raised shares of Liquidity Services from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd.
Shares of Liquidity Services (LQDT) traded down 0.424% during trading on Monday, hitting $5.875. 16,961 shares of the stock traded hands. The firm’s 50-day moving average price is $6.38 and its 200-day moving average price is $7.29. The stock’s market cap is $185.08 million. Liquidity Services has a 12 month low of $5.75 and a 12 month high of $11.49.
Several institutional investors have recently added to or reduced their stakes in LQDT. Dimensional Fund Advisors LP boosted its position in Liquidity Services by 14.0% in the second quarter. Dimensional Fund Advisors LP now owns 902,983 shares of the business services provider’s stock worth $5,734,000 after buying an additional 110,643 shares in the last quarter. Renaissance Technologies LLC boosted its position in Liquidity Services by 22.0% in the second quarter. Renaissance Technologies LLC now owns 1,981,239 shares of the business services provider’s stock worth $12,581,000 after buying an additional 357,240 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in Liquidity Services by 11.5% in the second quarter. Parametric Portfolio Associates LLC now owns 177,910 shares of the business services provider’s stock worth $1,130,000 after buying an additional 18,397 shares in the last quarter. Northern Trust Corp boosted its position in Liquidity Services by 4.8% in the second quarter. Northern Trust Corp now owns 347,062 shares of the business services provider’s stock worth $2,204,000 after buying an additional 15,912 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Liquidity Services by 5.4% in the second quarter. Ameriprise Financial Inc. now owns 134,758 shares of the business services provider’s stock worth $856,000 after buying an additional 6,940 shares in the last quarter. 66.27% of the stock is owned by hedge funds and other institutional investors.
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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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