Equities analysts expect that Liquidity Services, Inc. (NASDAQ:LQDT) will post sales of $52.17 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Liquidity Services’ earnings. The lowest sales estimate is $49.01 million and the highest is $55.32 million. Liquidity Services reported sales of $50.57 million in the same quarter last year, which indicates a positive year-over-year growth rate of 3.2%. The business is scheduled to issue its next earnings results on Thursday, August 1st.

According to Zacks, analysts expect that Liquidity Services will report full year sales of $217.23 million for the current financial year, with estimates ranging from $210.48 million to $223.98 million. For the next financial year, analysts anticipate that the business will post sales of $236.67 million, with estimates ranging from $235.14 million to $238.20 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Liquidity Services.

Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings results on Wednesday, May 8th. The business services provider reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.10. The firm had revenue of $37.36 million during the quarter, compared to analyst estimates of $56.92 million. Liquidity Services had a negative return on equity of 8.62% and a negative net margin of 7.26%.

Several research analysts recently weighed in on the company. TheStreet downgraded Liquidity Services from a “c” rating to a “d+” rating in a research note on Monday, April 15th. Zacks Investment Research upgraded Liquidity Services from a “sell” rating to a “hold” rating in a research note on Thursday, February 7th. ValuEngine upgraded Liquidity Services from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Barrington Research reaffirmed a “buy” rating and issued a $10.00 price target on shares of Liquidity Services in a report on Monday, February 11th. Finally, BidaskClub cut Liquidity Services from a “buy” rating to a “hold” rating in a report on Tuesday, January 22nd. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Liquidity Services currently has an average rating of “Buy” and a consensus price target of $9.13.

In other Liquidity Services news, insider James M. Rallo sold 4,908 shares of the stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $6.93, for a total transaction of $34,012.44. Following the completion of the transaction, the insider now owns 4,908 shares of the company’s stock, valued at $34,012.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 18.70% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. boosted its position in Liquidity Services by 113.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,679 shares of the business services provider’s stock worth $29,000 after purchasing an additional 1,952 shares during the period. Bank of Montreal Can lifted its position in Liquidity Services by 81.7% in the 1st quarter. Bank of Montreal Can now owns 5,019 shares of the business services provider’s stock worth $38,000 after buying an additional 2,256 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in Liquidity Services by 2.0% in the 1st quarter. Parametric Portfolio Associates LLC now owns 151,219 shares of the business services provider’s stock worth $1,166,000 after buying an additional 2,985 shares in the last quarter. Northern Trust Corp lifted its position in Liquidity Services by 0.9% in the 1st quarter. Northern Trust Corp now owns 357,801 shares of the business services provider’s stock worth $2,759,000 after buying an additional 3,057 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in Liquidity Services by 9.3% in the 4th quarter. Arizona State Retirement System now owns 40,752 shares of the business services provider’s stock worth $251,000 after buying an additional 3,473 shares in the last quarter. 65.13% of the stock is owned by institutional investors and hedge funds.

LQDT stock traded down $0.09 on Friday, hitting $6.44. 3,438 shares of the company’s stock were exchanged, compared to its average volume of 116,342. Liquidity Services has a 12-month low of $5.17 and a 12-month high of $9.16. The company has a market cap of $218.06 million, a price-to-earnings ratio of -12.86 and a beta of 1.08.

About Liquidity Services

Liquidity Services, Inc provides e-commerce marketplace that enable buyers and sellers to transact in an automated environment offering approximately 500 product categories. The company's marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and capital assets; govdeals.com that enables local and state government entities, including city, county, and state agencies to sell surplus and salvage assets, as well as offers a suite of services that includes asset sales and marketing, and seller self-service; and auctiondeals.com, a self-service solution, which enable sellers list their own assets, and enable commercial businesses to sell surplus and salvage assets.

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Earnings History and Estimates for Liquidity Services (NASDAQ:LQDT)

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