-$0.14 EPS Expected for Liquidity Services, Inc. (LQDT) This Quarter
Wall Street analysts predict that Liquidity Services, Inc. (NASDAQ:LQDT) will post ($0.14) earnings per share for the current quarter, according to Zacks. Two analysts have provided estimates for Liquidity Services’ earnings. The highest EPS estimate is ($0.12) and the lowest is ($0.16). Liquidity Services reported earnings per share of ($0.33) during the same quarter last year, which would suggest a positive year over year growth rate of 57.6%. The company is scheduled to report its next earnings report on Tuesday, December 4th.
On average, analysts expect that Liquidity Services will report full year earnings of ($0.48) per share for the current year, with EPS estimates ranging from ($0.50) to ($0.45). For the next fiscal year, analysts expect that the business will report earnings of ($0.19) per share, with EPS estimates ranging from ($0.26) to ($0.12). Zacks’ earnings per share averages are a mean average based on a survey of research firms that cover Liquidity Services.
Liquidity Services (NASDAQ:LQDT) last issued its earnings results on Thursday, August 2nd. The business services provider reported ($0.07) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.15. The company had revenue of $50.57 million for the quarter, compared to analysts’ expectations of $53.88 million. Liquidity Services had a negative net margin of 11.33% and a negative return on equity of 16.30%.
In related news, CFO Jorge Celaya sold 60,193 shares of the stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $7.01, for a total value of $421,952.93. Following the sale, the chief financial officer now owns 28,967 shares of the company’s stock, valued at approximately $203,058.67. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 22.30% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC purchased a new position in shares of Liquidity Services during the fourth quarter valued at approximately $148,000. Trexquant Investment LP purchased a new position in shares of Liquidity Services during the first quarter valued at approximately $141,000. Boston Partners boosted its position in shares of Liquidity Services by 20.6% during the first quarter. Boston Partners now owns 232,320 shares of the business services provider’s stock valued at $1,510,000 after buying an additional 39,755 shares during the period. Eagle Boston Investment Management Inc. boosted its position in shares of Liquidity Services by 5.5% during the first quarter. Eagle Boston Investment Management Inc. now owns 294,819 shares of the business services provider’s stock valued at $1,916,000 after buying an additional 15,401 shares during the period. Finally, Staley Capital Advisers Inc. boosted its position in shares of Liquidity Services by 1.0% during the first quarter. Staley Capital Advisers Inc. now owns 2,515,000 shares of the business services provider’s stock valued at $16,347,000 after buying an additional 25,000 shares during the period. 65.36% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:LQDT traded up $0.07 on Friday, reaching $6.35. 2,400 shares of the company’s stock were exchanged, compared to its average volume of 56,978. The stock has a market capitalization of $202.38 million, a price-to-earnings ratio of -6.48 and a beta of 0.72. Liquidity Services has a fifty-two week low of $4.34 and a fifty-two week high of $8.00.
About Liquidity Services
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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