Liquidity Services (NASDAQ:LQDT) Releases Earnings Results, Misses Expectations By $0.07 EPS

Liquidity Services (NASDAQ:LQDT) released its quarterly earnings results on Tuesday, December 5th. The business services provider reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.07), Bloomberg Earnings reports. The business had revenue of $61.40 million during the quarter, compared to analysts’ expectations of $64.10 million. Liquidity Services had a negative net margin of 14.51% and a negative return on equity of 21.96%. The company’s quarterly revenue was down 21.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.02) earnings per share. Liquidity Services updated its Q1 guidance to $(0.34)-(0.25) EPS.

Shares of Liquidity Services (NASDAQ:LQDT) opened at $4.60 on Friday. Liquidity Services has a 1-year low of $4.34 and a 1-year high of $10.45.

In other Liquidity Services news, insider James M. Rallo sold 11,054 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $5.62, for a total transaction of $62,123.48. Following the completion of the sale, the insider now owns 11,054 shares of the company’s stock, valued at $62,123.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Roger Gravley sold 8,545 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $5.80, for a total value of $49,561.00. Following the sale, the insider now directly owns 9,702 shares of the company’s stock, valued at approximately $56,271.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,869 shares of company stock worth $200,250. Company insiders own 22.30% of the company’s stock.

Several research firms recently commented on LQDT. Zacks Investment Research raised Liquidity Services from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. ValuEngine raised Liquidity Services from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st.

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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.

Earnings History for Liquidity Services (NASDAQ:LQDT)

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