Zacks: Brokerages Anticipate Quotient Technology Inc (QUOT) Will Announce Quarterly Sales of $102.41 Million

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Equities analysts forecast that Quotient Technology Inc (NYSE:QUOT) will announce $102.41 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Quotient Technology’s earnings. The lowest sales estimate is $101.93 million and the highest is $103.27 million. Quotient Technology reported sales of $81.95 million in the same quarter last year, which indicates a positive year over year growth rate of 25%. The company is scheduled to report its next quarterly earnings results on Wednesday, November 7th.

On average, analysts expect that Quotient Technology will report full-year sales of $395.28 million for the current financial year, with estimates ranging from $393.10 million to $397.60 million. For the next fiscal year, analysts forecast that the company will post sales of $478.75 million per share, with estimates ranging from $453.64 million to $497.15 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Quotient Technology.

Quotient Technology (NYSE:QUOT) last issued its quarterly earnings results on Tuesday, July 31st. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.02). The business had revenue of $89.55 million for the quarter, compared to analysts’ expectations of $88.44 million. Quotient Technology had a negative return on equity of 4.00% and a negative net margin of 6.45%.

QUOT has been the topic of a number of recent research reports. ValuEngine upgraded shares of Quotient Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, May 16th. Royal Bank of Canada restated a “buy” rating and set a $17.00 target price on shares of Quotient Technology in a research note on Sunday, April 29th. William Blair restated an “outperform” rating on shares of Quotient Technology in a research note on Monday, April 16th. Finally, Zacks Investment Research lowered shares of Quotient Technology from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Quotient Technology has a consensus rating of “Hold” and a consensus target price of $18.00.

NYSE:QUOT traded up $0.30 on Tuesday, reaching $14.60. 260,038 shares of the company’s stock were exchanged, compared to its average volume of 444,692. The company has a current ratio of 5.28, a quick ratio of 6.42 and a debt-to-equity ratio of 0.39. Quotient Technology has a 52-week low of $10.35 and a 52-week high of $17.85.

In related news, insider Steven R. Boal sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $14.13, for a total transaction of $706,500.00. Following the sale, the insider now directly owns 3,262,653 shares in the company, valued at $46,101,286.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 150,000 shares of company stock worth $2,051,000 over the last 90 days. Insiders own 9.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its holdings in shares of Quotient Technology by 1,821.1% in the fourth quarter. Renaissance Technologies LLC now owns 618,600 shares of the technology company’s stock valued at $7,269,000 after acquiring an additional 586,400 shares during the period. Elk Creek Partners LLC boosted its holdings in shares of Quotient Technology by 26.2% in the first quarter. Elk Creek Partners LLC now owns 2,814,940 shares of the technology company’s stock valued at $36,876,000 after acquiring an additional 583,941 shares during the period. BlackRock Inc. boosted its holdings in shares of Quotient Technology by 10.7% in the second quarter. BlackRock Inc. now owns 5,149,850 shares of the technology company’s stock valued at $67,464,000 after acquiring an additional 498,152 shares during the period. Fiera Capital Corp acquired a new stake in shares of Quotient Technology in the first quarter valued at approximately $5,829,000. Finally, Deutsche Bank AG boosted its holdings in shares of Quotient Technology by 446.7% in the fourth quarter. Deutsche Bank AG now owns 531,299 shares of the technology company’s stock valued at $6,241,000 after acquiring an additional 434,114 shares during the period. Institutional investors own 74.83% of the company’s stock.

Quotient Technology Company Profile

Quotient Technology Inc provides digital marketing platform that offers digital coupons and media solutions to consumer packaged goods (CPGs) brands, retailers, and shoppers in the United States. The company operates its platform across various distribution networks, reaching approximately 60 million shoppers, including the app and Website of its flagship consumer brand, Coupons.com, other owned and operated properties, and various publisher partners.

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Earnings History and Estimates for Quotient Technology (NYSE:QUOT)

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