Gold.com (NYSE:GOLD) Releases Quarterly Earnings Results, Misses Estimates By $0.83 EPS

Gold.com (NYSE:GOLD) announced its quarterly earnings results on Wednesday. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.83), RTT News reports. Gold.com had a net margin of 0.32% and a return on equity of 17.22%. During the same quarter last year, the company posted ($0.04) EPS.

Here are the key takeaways from Gold.com’s conference call:

• Gold.com reported net income of $1.6 million, versus a year-ago loss of $0.9 million. Gross profit rose 23%, adjusted pretax net income increased 172%, and EBITDA grew 22%; revenue excluding hedging-related forward sales was up 51% year over year.
• Management described the quarter as exceptionally slow, with activity down from the prior quarter and some sales requiring lower margins. Gold and silver ounces sold were nevertheless higher year over year, while reported revenue declined 11% largely because of lower forward sales.
• The company is combining SilverTowne Mint and Sunshine Minting into a separate minting and refining segment, adding supply-chain control and capacity; refining utilization was about 65%. Management said integration is progressing and expects synergies, though stronger mint profitability depends on higher utilization.
• Cash fell to $126.8 million from $578 million at fiscal year-end, primarily reflecting lower deferred revenue and advances, while management said liquidity remains strong and precious-metal leases have been reduced to a level it considers appropriate. The board maintained the $0.20 quarterly dividend after the company paid a one-time $1 special dividend during the quarter.

Gold.com Trading Up 6.2%

GOLD stock traded up $2.42 on Wednesday, hitting $41.54. 2,296,180 shares of the company’s stock traded hands, compared to its average volume of 433,387. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 14.23 and a beta of 0.63. Gold.com has a 1-year low of $23.00 and a 1-year high of $66.70. The stock has a fifty day moving average of $42.50 and a 200-day moving average of $44.72.

Gold.com Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Monday, September 28th. Stockholders of record on Wednesday, September 16th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, September 16th. Gold.com’s dividend payout ratio (DPR) is 27.40%.

Insider Activity at Gold.com

In related news, CEO Gregory Roberts sold 25,000 shares of Gold.com stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $49.36, for a total value of $1,234,000.00. Following the transaction, the chief executive officer owned 28,202 shares of the company’s stock, valued at approximately $1,392,050.72. This trade represents a 46.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Tether Global Investments Fund acquired 100,000 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were bought at an average price of $39.30 per share, for a total transaction of $3,930,000.00. Following the acquisition, the insider owned 300,000 shares in the company, valued at approximately $11,790,000. This trade represents a 50.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders purchased 300,000 shares of company stock worth $11,840,113 and sold 124,859 shares worth $5,835,628. 16.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on GOLD shares. DA Davidson reiterated a “buy” rating and issued a $60.00 price objective on shares of Gold.com in a research report on Thursday, September 3rd. Northland Securities set a $55.00 target price on shares of Gold.com in a research note on Thursday, September 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Gold.com in a research note on Monday, August 17th. Canaccord Genuity Group decreased their price target on Gold.com from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, September 3rd. Finally, Wall Street Zen lowered Gold.com from a “hold” rating to a “sell” rating in a report on Saturday. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Gold.com Company Profile

Gold.com, Inc, together with its subsidiaries, operates as a precious metals company. It operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins. This segment also offers complementary services, such as receiving, handling, inventorying, processing, packing, and shipping of precious metals and custom coins on a secure basis; and designs and produces minted silver products.