Barrington Research Comments on Liquidity Services, Inc.’s Q1 2019 Earnings (LQDT)

Liquidity Services, Inc. (NASDAQ:LQDT) – Research analysts at Barrington Research issued their Q1 2019 earnings per share (EPS) estimates for shares of Liquidity Services in a research report issued on Tuesday, according to Zacks Investment Research. Barrington Research analyst G. Prestopino forecasts that the business services provider will earn ($0.09) per share for the quarter. Barrington Research also issued estimates for Liquidity Services’ Q2 2019 earnings at $0.00 EPS, Q3 2019 earnings at $0.01 EPS, Q4 2019 earnings at $0.00 EPS and FY2019 earnings at ($0.08) EPS.

Separately, Zacks Investment Research raised Liquidity Services from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th.

Shares of Liquidity Services (NASDAQ LQDT) traded up $0.05 during mid-day trading on Thursday, hitting $4.85. The stock had a trading volume of 107,100 shares, compared to its average volume of 175,910. Liquidity Services has a fifty-two week low of $4.34 and a fifty-two week high of $10.45.

Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings data on Tuesday, December 5th. The business services provider reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.07). The firm had revenue of $61.40 million during the quarter, compared to analyst estimates of $64.10 million. Liquidity Services had a negative net margin of 14.51% and a negative return on equity of 21.96%. The firm’s revenue for the quarter was down 21.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.02) earnings per share.

A number of institutional investors have recently bought and sold shares of LQDT. Renaissance Technologies LLC grew its holdings in Liquidity Services by 22.0% during the second quarter. Renaissance Technologies LLC now owns 1,981,239 shares of the business services provider’s stock worth $12,581,000 after acquiring an additional 357,240 shares during the period. Roumell Asset Management LLC grew its holdings in Liquidity Services by 39.9% during the third quarter. Roumell Asset Management LLC now owns 875,871 shares of the business services provider’s stock worth $5,168,000 after acquiring an additional 249,611 shares during the period. Dimensional Fund Advisors LP grew its holdings in Liquidity Services by 15.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,038,515 shares of the business services provider’s stock worth $6,127,000 after acquiring an additional 135,532 shares during the period. Vanguard Group Inc. grew its holdings in Liquidity Services by 5.7% in the first quarter. Vanguard Group Inc. now owns 1,309,668 shares of the business services provider’s stock valued at $10,477,000 after purchasing an additional 71,139 shares during the period. Finally, Staley Capital Advisers Inc. grew its holdings in Liquidity Services by 2.0% in the third quarter. Staley Capital Advisers Inc. now owns 2,575,000 shares of the business services provider’s stock valued at $15,192,000 after purchasing an additional 50,000 shares during the period. 66.56% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider James M. Rallo sold 11,054 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $5.62, for a total transaction of $62,123.48. Following the sale, the insider now directly owns 11,054 shares of the company’s stock, valued at $62,123.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Roger Gravley sold 8,545 shares of the firm’s stock in a transaction dated 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 in the company, valued at $56,271.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,869 shares of company stock worth $200,250. 22.30% of the stock is owned by corporate insiders.

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

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