Brokerages expect Overstock.com Inc (NASDAQ:OSTK) to announce ($0.38) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Overstock.com’s earnings. Overstock.com reported earnings of ($1.15) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 67%. The business is expected to report its next earnings report on Monday, March 16th.
According to Zacks, analysts expect that Overstock.com will report full-year earnings of ($2.84) per share for the current financial year. For the next fiscal year, analysts forecast that the firm will post earnings of ($1.08) per share. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Overstock.com.
Overstock.com (NASDAQ:OSTK) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.87) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.62) by ($0.25). Overstock.com had a negative net margin of 8.90% and a negative return on equity of 65.78%. The business had revenue of $347.10 million for the quarter, compared to analysts’ expectations of $376.21 million. During the same quarter in the previous year, the company earned ($1.55) earnings per share. The business’s quarterly revenue was down 21.2% on a year-over-year basis.
In related news, major shareholder Patrick Michael Byrne sold 1,056,690 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $16.32, for a total value of $17,245,180.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 19.40% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. lifted its position in shares of Overstock.com by 22.1% in the 2nd quarter. Advisor Group Inc. now owns 4,162 shares of the company’s stock worth $56,000 after purchasing an additional 754 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Overstock.com by 78.6% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,655 shares of the company’s stock worth $50,000 after buying an additional 1,608 shares during the period. Captrust Financial Advisors purchased a new stake in Overstock.com in the second quarter worth about $41,000. TRUE Private Wealth Advisors bought a new stake in Overstock.com during the 2nd quarter valued at approximately $44,000. Finally, Swiss National Bank boosted its position in Overstock.com by 8.6% during the 2nd quarter. Swiss National Bank now owns 47,800 shares of the company’s stock valued at $650,000 after acquiring an additional 3,800 shares in the last quarter. Institutional investors own 49.66% of the company’s stock.
OSTK stock traded up $0.01 during trading on Friday, hitting $7.50. 10,490 shares of the company traded hands, compared to its average volume of 1,674,926. The firm has a market capitalization of $267.54 million, a PE ratio of -1.22 and a beta of 2.24. Overstock.com has a 1 year low of $7.25 and a 1 year high of $29.75. The company has a 50-day moving average of $9.40 and a 200-day moving average of $13.74. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.68 and a current ratio of 0.72.
Overstock.com, Inc operates as an online retailer in the United States and internationally. It operates through Retail and tZERO segments. The company offers furniture; and home décor, including rugs, bedding and bath, home improvement, kitchen items, and other related products. It also operates Worldstock Fair Trade, a store that provides handcrafted products; Pet Adoptions, a free service and portal to display pets available for adoption; and Overstock Hotels, a portal that enables customers to search and book properties within its Website.
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