Zacks: Analysts Expect Liquidity Services, Inc. (NASDAQ:LQDT) Will Post Quarterly Sales of $53.73 Million

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Analysts forecast that Liquidity Services, Inc. (NASDAQ:LQDT) will announce sales of $53.73 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Liquidity Services’ earnings, with estimates ranging from $50.61 million to $56.85 million. Liquidity Services reported sales of $52.71 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.9%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, December 10th.

According to Zacks, analysts expect that Liquidity Services will report full-year sales of $221.55 million for the current fiscal year, with estimates ranging from $218.35 million to $224.75 million. For the next financial year, analysts forecast that the company will report sales of $237.75 million, with estimates ranging from $235.24 million to $240.26 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Liquidity Services.

Several analysts recently commented on the stock. ValuEngine downgraded shares of Liquidity Services from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Zacks Investment Research downgraded shares of Liquidity Services from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, BidaskClub downgraded shares of Liquidity Services from a “buy” rating to a “hold” rating in a report on Saturday, September 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $8.63.

Shares of LQDT opened at $6.99 on Monday. The firm has a 50-day moving average of $6.55 and a 200-day moving average of $6.60. Liquidity Services has a one year low of $5.49 and a one year high of $9.16. The company has a market cap of $227.82 million, a PE ratio of -13.98 and a beta of 1.03.

Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in shares of Liquidity Services by 3.3% during the 2nd quarter. BlackRock Inc. now owns 3,999,514 shares of the business services provider’s stock worth $24,357,000 after buying an additional 127,681 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Liquidity Services by 1.8% during the 2nd quarter. Renaissance Technologies LLC now owns 2,344,854 shares of the business services provider’s stock worth $14,280,000 after buying an additional 42,515 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Liquidity Services by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 1,683,370 shares of the business services provider’s stock worth $10,252,000 after buying an additional 19,503 shares during the period. Roumell Asset Management LLC boosted its holdings in shares of Liquidity Services by 57.2% during the 2nd quarter. Roumell Asset Management LLC now owns 756,469 shares of the business services provider’s stock worth $4,607,000 after buying an additional 275,212 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Liquidity Services by 24.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 732,889 shares of the business services provider’s stock worth $5,423,000 after buying an additional 142,281 shares during the period. 70.18% of the stock is owned by institutional investors and hedge funds.

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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