Zacks: Analysts Expect Liquidity Services, Inc. (LQDT) to Announce -$0.12 Earnings Per Share

Share on StockTwits

Wall Street brokerages expect that Liquidity Services, Inc. (NASDAQ:LQDT) will report ($0.12) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Liquidity Services’ earnings. The lowest EPS estimate is ($0.14) and the highest is ($0.09). Liquidity Services also reported earnings of ($0.12) per share in the same quarter last year. The business is scheduled to report its next earnings results on Wednesday, May 8th.

According to Zacks, analysts expect that Liquidity Services will report full-year earnings of ($0.36) per share for the current fiscal year, with EPS estimates ranging from ($0.40) to ($0.32). For the next financial year, analysts forecast that the company will report earnings of ($0.23) per share, with EPS estimates ranging from ($0.30) to ($0.16). Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Liquidity Services.

Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings data on Wednesday, May 8th. The business services provider reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.10. Liquidity Services had a negative return on equity of 11.08% and a negative net margin of 7.70%.

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

Shares of NASDAQ:LQDT opened at $6.78 on Thursday. The firm has a market capitalization of $217.50 million, a price-to-earnings ratio of -13.56 and a beta of 1.08. Liquidity Services has a 1 year low of $5.17 and a 1 year high of $9.16.

In other news, Director George H. Ellis sold 10,500 shares of the company’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $6.71, for a total transaction of $70,455.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider James M. Rallo sold 4,908 shares of the company’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $6.93, for a total value of $34,012.44. Following the transaction, the insider now directly owns 4,908 shares in the company, valued at approximately $34,012.44. The disclosure for this sale can be found here. 18.70% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Liquidity Services by 7.0% during the 3rd quarter. BlackRock Inc. now owns 3,861,127 shares of the business services provider’s stock valued at $24,517,000 after buying an additional 253,142 shares during the last quarter. Staley Capital Advisers Inc. lifted its position in shares of Liquidity Services by 2.3% during the 4th quarter. Staley Capital Advisers Inc. now owns 2,573,845 shares of the business services provider’s stock valued at $15,881,000 after buying an additional 58,845 shares during the last quarter. Vanguard Group Inc lifted its holdings in Liquidity Services by 4.3% during the 3rd quarter. Vanguard Group Inc now owns 1,581,353 shares of the business services provider’s stock worth $10,042,000 after purchasing an additional 65,153 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Liquidity Services by 4.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,581,353 shares of the business services provider’s stock worth $10,042,000 after purchasing an additional 65,153 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Liquidity Services by 3.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,560,474 shares of the business services provider’s stock worth $9,629,000 after purchasing an additional 53,078 shares in the last quarter. 65.13% of the stock is currently owned by hedge funds and other institutional investors.

Liquidity Services Company Profile

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.

Read More: What are the benefits of buying treasury bonds?

Get a free copy of the Zacks research report on Liquidity Services (LQDT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Liquidity Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liquidity Services and related companies with MarketBeat.com's FREE daily email newsletter.