Brokerages Expect Liquidity Services, Inc. (LQDT) to Announce -$0.22 EPS

Equities research analysts expect Liquidity Services, Inc. (NASDAQ:LQDT) to announce ($0.22) earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Liquidity Services’ earnings. The highest EPS estimate is ($0.19) and the lowest is ($0.25). Liquidity Services also posted earnings of ($0.22) per share during the same quarter last year. The company is expected to announce its next quarterly earnings results on Thursday, August 2nd.

According to Zacks, analysts expect that Liquidity Services will report full year earnings of ($0.63) per share for the current fiscal year, with EPS estimates ranging from ($0.72) to ($0.53). For the next financial year, analysts expect that the company will post earnings of ($0.37) per share, with EPS estimates ranging from ($0.51) to ($0.22). Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Liquidity Services.

Liquidity Services (NASDAQ:LQDT) last issued its earnings results on Thursday, May 3rd. The business services provider reported ($0.12) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.02. The business had revenue of $43.10 million during the quarter, compared to analysts’ expectations of $60.16 million. Liquidity Services had a negative return on equity of 19.31% and a negative net margin of 12.72%.

LQDT has been the subject of several recent analyst reports. Zacks Investment Research cut Liquidity Services from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Barrington Research set a $10.00 target price on Liquidity Services and gave the stock a “buy” rating in a research report on Tuesday, May 1st. Finally, ValuEngine raised Liquidity Services from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th.

In related news, insider Roger Gravley sold 12,385 shares of Liquidity Services stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $6.23, for a total transaction of $77,158.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 22.10% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its position in Liquidity Services by 15.3% during the fourth quarter. Rhumbline Advisers now owns 60,370 shares of the business services provider’s stock valued at $293,000 after purchasing an additional 8,008 shares during the last quarter. Wells Fargo & Company MN boosted its position in Liquidity Services by 26.5% during the fourth quarter. Wells Fargo & Company MN now owns 43,522 shares of the business services provider’s stock valued at $212,000 after purchasing an additional 9,107 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Liquidity Services by 165.2% during the first quarter. The Manufacturers Life Insurance Company now owns 22,939 shares of the business services provider’s stock valued at $149,000 after purchasing an additional 14,290 shares during the last quarter. Eagle Boston Investment Management Inc. boosted its position in Liquidity Services by 5.5% during the first quarter. Eagle Boston Investment Management Inc. now owns 294,819 shares of the business services provider’s stock valued at $1,916,000 after purchasing an additional 15,401 shares during the last quarter. Finally, Matarin Capital Management LLC acquired a new stake in Liquidity Services during the first quarter valued at $104,000. 66.68% of the stock is owned by hedge funds and other institutional investors.

Shares of Liquidity Services traded up $0.02, hitting $5.97, during midday trading on Thursday, MarketBeat Ratings reports. The company’s stock had a trading volume of 100 shares, compared to its average volume of 116,247. The stock has a market cap of $191.01 million, a PE ratio of -6.09 and a beta of 0.51. Liquidity Services has a 1-year low of $4.34 and a 1-year high of $7.65.

Liquidity Services Company Profile

Liquidity Services, Inc provides e-commerce marketplace solutions to manage, value, and sell inventory and equipment for business and government clients in the United States. The company's marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and capital assets; govliquidation.com, which enables federal government agencies and commercial businesses to sell surplus and scrap assets; govdeals.com that enables local and state government entities, school boards, and public utilities to sell surplus and salvage assets; auctiondeals.com self-service solution which enable sellers list their assets to commercial businesses to sell surplus and salvage assets.

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Earnings History and Estimates for Liquidity Services (NASDAQ:LQDT)

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