Liquidity Services, Inc. (LQDT) Expected to Announce Earnings of -$0.32 Per Share

Wall Street analysts forecast that Liquidity Services, Inc. (NASDAQ:LQDT) will post earnings of ($0.32) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Liquidity Services’ earnings, with the lowest EPS estimate coming in at ($0.34) and the highest estimate coming in at ($0.29). Liquidity Services posted earnings of ($0.22) per share in the same quarter last year, which suggests a negative year-over-year growth rate of 45.5%. The firm is expected to announce its next quarterly earnings results on Thursday, February 8th.

On average, analysts expect that Liquidity Services will report full-year earnings of ($0.91) per share for the current fiscal year, with EPS estimates ranging from ($1.01) to ($0.81). For the next financial year, analysts forecast that the firm will post earnings of ($0.08) per share. Zacks’ EPS averages are an average based on a survey of analysts that that provide coverage for Liquidity Services.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings results on Tuesday, December 5th. The business services provider reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.07). The business had revenue of $61.40 million for the quarter, compared to analyst estimates of $64.10 million. Liquidity Services had a negative return on equity of 21.96% and a negative net margin of 14.51%. The business’s revenue was down 21.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.02) earnings per share.

Several equities analysts have weighed in on LQDT shares. ValuEngine upgraded shares of Liquidity Services from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Liquidity Services from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th.

Liquidity Services (NASDAQ LQDT) traded down $0.10 on Tuesday, reaching $4.75. 149,300 shares of the company were exchanged, compared to its average volume of 119,783. The firm has a market capitalization of $151.48, a price-to-earnings ratio of -3.83 and a beta of 0.89. Liquidity Services has a 52-week low of $4.34 and a 52-week high of $10.45.

In other Liquidity Services news, insider James M. Rallo sold 11,054 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $5.62, for a total value of $62,123.48. Following the sale, the insider now directly owns 11,054 shares of the company’s stock, valued at approximately $62,123.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Roger Gravley sold 8,545 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $5.80, for a total transaction of $49,561.00. Following the completion of the sale, the insider now directly owns 9,702 shares in the company, valued at $56,271.60. The disclosure for this sale can be found here. Insiders sold a total of 34,869 shares of company stock worth $200,250 over the last three months. Insiders own 22.30% of the company’s stock.

Several large investors have recently made changes to their positions in LQDT. Texas Permanent School Fund boosted its holdings in shares of Liquidity Services by 1.2% in the 2nd quarter. Texas Permanent School Fund now owns 17,931 shares of the business services provider’s stock valued at $114,000 after buying an additional 204 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Liquidity Services by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 98,702 shares of the business services provider’s stock worth $627,000 after purchasing an additional 513 shares during the period. Principal Financial Group Inc. boosted its stake in Liquidity Services by 0.4% during the 2nd quarter. Principal Financial Group Inc. now owns 186,799 shares of the business services provider’s stock worth $1,186,000 after purchasing an additional 695 shares during the period. Rhumbline Advisers boosted its stake in Liquidity Services by 2.0% during the 2nd quarter. Rhumbline Advisers now owns 51,082 shares of the business services provider’s stock worth $324,000 after purchasing an additional 1,020 shares during the period. Finally, Teachers Advisors LLC boosted its stake in Liquidity Services by 5.4% during the 2nd quarter. Teachers Advisors LLC now owns 42,038 shares of the business services provider’s stock worth $267,000 after purchasing an additional 2,172 shares during the period. 66.56% of the stock is currently owned by institutional investors.

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About Liquidity Services

Liquidity Services, Inc operates a network of e-commerce marketplaces that enable buyers and sellers to transact in an automated environment. The Company employs e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government clients. The Company’s marketplaces provide professional buyers access to a global supply of new, surplus and scrap assets presented with digital images and other relevant product information.

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