Brokerages expect that Liquidity Services, Inc. (NASDAQ:LQDT) will report earnings per share of ($0.26) for the current quarter, Zacks Investment Research reports. 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 per share of ($0.02) during the same quarter last year, which suggests a negative year-over-year growth rate of 1,200%. The company is expected to announce its next quarterly earnings results after the market closes on Tuesday, December 5th.
On average, analysts expect that Liquidity Services will report full-year earnings of ($0.91) per share for the current fiscal year, with EPS estimates ranging from ($0.95) to ($0.87). For the next fiscal year, analysts anticipate 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 averages are an average based on a survey of research analysts that cover Liquidity Services.
LQDT has been the topic of several analyst reports. ValuEngine raised shares of Liquidity Services from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of Liquidity Services from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th.
In related news, insider James M. Rallo sold 15,270 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $5.80, for a total value of $88,566.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Roger Gravley sold 8,545 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $5.80, for a total transaction of $49,561.00. Following the completion of 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 valued at $200,250. Insiders own 22.30% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp raised its holdings in Liquidity Services by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 262,996 shares of the business services provider’s stock worth $2,104,000 after buying an additional 945 shares during the period. OppenheimerFunds Inc. grew its stake in shares of Liquidity Services by 57.7% in the 1st quarter. OppenheimerFunds Inc. now owns 31,030 shares of the business services provider’s stock valued at $248,000 after buying an additional 11,348 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Liquidity Services by 3.1% in the 1st quarter. Principal Financial Group Inc. now owns 186,104 shares of the business services provider’s stock valued at $1,489,000 after buying an additional 5,524 shares in the last quarter. Thrivent Financial For Lutherans grew its stake in shares of Liquidity Services by 5.2% in the 1st quarter. Thrivent Financial For Lutherans now owns 13,770 shares of the business services provider’s stock valued at $110,000 after buying an additional 680 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Liquidity Services by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 1,309,668 shares of the business services provider’s stock valued at $10,477,000 after buying an additional 71,139 shares in the last quarter. Hedge funds and other institutional investors own 66.71% of the company’s stock.
Shares of Liquidity Services (NASDAQ LQDT) opened at $5.40 on Friday. Liquidity Services has a 12 month low of $5.20 and a 12 month high of $10.50.
About Liquidity Services
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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