Brokerages Expect Liquidity Services, Inc. (NASDAQ:LQDT) to Post -$0.06 Earnings Per Share

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Wall Street analysts expect Liquidity Services, Inc. (NASDAQ:LQDT) to report earnings of ($0.06) per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Liquidity Services’ earnings, with estimates ranging from ($0.09) to ($0.02). Liquidity Services reported earnings per share of ($0.14) in the same quarter last year, which suggests a positive year over year growth rate of 57.1%. The company is expected to announce its next quarterly earnings results on Thursday, December 5th.

According to Zacks, analysts expect that Liquidity Services will report full year earnings of ($0.23) per share for the current fiscal year, with EPS estimates ranging from ($0.26) to ($0.19). For the next fiscal year, analysts anticipate that the business will post earnings of ($0.08) per share, with EPS estimates ranging from ($0.15) to $0.00. Zacks’ EPS averages are an average based on a survey of research analysts that cover Liquidity Services.

Several equities research analysts recently weighed in on LQDT shares. Barrington Research reissued a “buy” rating and set a $10.00 price target on shares of Liquidity Services in a research report on Thursday, August 1st. BidaskClub downgraded shares of Liquidity Services from a “buy” rating to a “hold” rating in a research report on Saturday, September 21st. ValuEngine downgraded shares of Liquidity Services from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research downgraded shares of Liquidity Services from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Liquidity Services has a consensus rating of “Hold” and a consensus target price of $8.63.

In related news, VP Sam Guzman sold 8,226 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $7.19, for a total transaction of $59,144.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 18.70% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in LQDT. 6 Meridian lifted its stake in shares of Liquidity Services by 4.7% during the 2nd quarter. 6 Meridian now owns 57,691 shares of the business services provider’s stock valued at $351,000 after buying an additional 2,591 shares in the last quarter. Strs Ohio lifted its stake in shares of Liquidity Services by 7.5% during the 2nd quarter. Strs Ohio now owns 89,200 shares of the business services provider’s stock valued at $543,000 after buying an additional 6,200 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Liquidity Services by 3.1% during the 2nd quarter. Wells Fargo & Company MN now owns 50,863 shares of the business services provider’s stock valued at $310,000 after buying an additional 1,528 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Liquidity Services by 18.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,369 shares of the business services provider’s stock valued at $56,000 after buying an additional 1,457 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Liquidity Services by 40.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 590,608 shares of the business services provider’s stock valued at $3,596,000 after buying an additional 171,045 shares in the last quarter. 68.45% of the stock is owned by institutional investors.

Shares of LQDT traded up $0.02 on Thursday, hitting $6.76. 28,600 shares of the stock traded hands, compared to its average volume of 98,649. The company has a market capitalization of $222.43 million, a PE ratio of -13.52 and a beta of 1.03. The business has a 50 day simple moving average of $6.73 and a 200 day simple moving average of $6.60. Liquidity Services has a one year low of $5.49 and a one year high of $9.16.

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.

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