Liquidity Services (LQDT) Releases Earnings Results, Meets Estimates

Liquidity Services (NASDAQ:LQDT) issued its earnings results on Thursday. The business services provider reported ($0.14) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.14), MarketWatch Earnings reports. The business had revenue of $52.71 million for the quarter, compared to analyst estimates of $48.36 million. Liquidity Services had a negative net margin of 5.60% and a negative return on equity of 11.97%. Liquidity Services updated its Q1 2019 guidance to $-0.17–0.13 EPS.

Shares of NASDAQ:LQDT opened at $6.80 on Friday. Liquidity Services has a one year low of $4.34 and a one year high of $8.00.

In other news, insider Roger Gravley sold 6,587 shares of the firm’s stock in a transaction that occurred on Monday, October 8th. The shares were sold at an average price of $5.28, for a total transaction of $34,779.36. Following the transaction, the insider now directly owns 5,939 shares of the company’s stock, valued at $31,357.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider James M. Rallo sold 6,737 shares of the firm’s stock in a transaction that occurred on Wednesday, October 3rd. The stock was sold at an average price of $5.91, for a total transaction of $39,815.67. Following the transaction, the insider now directly owns 16,059 shares in the company, valued at $94,908.69. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,808 shares of company stock worth $111,064. Corporate insiders own 22.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of LQDT. Strs Ohio increased its holdings in Liquidity Services by 9.8% during the second quarter. Strs Ohio now owns 90,600 shares of the business services provider’s stock valued at $593,000 after buying an additional 8,100 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in Liquidity Services by 23.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 130,111 shares of the business services provider’s stock valued at $853,000 after buying an additional 24,529 shares during the period. Russell Investments Group Ltd. purchased a new position in Liquidity Services during the third quarter valued at approximately $1,470,000. Eagle Boston Investment Management Inc. increased its holdings in Liquidity Services by 4.4% during the second quarter. Eagle Boston Investment Management Inc. now owns 307,736 shares of the business services provider’s stock valued at $2,015,000 after buying an additional 12,917 shares during the period. Finally, Aristotle Capital Boston LLC increased its holdings in Liquidity Services by 2.7% during the third quarter. Aristotle Capital Boston LLC now owns 326,832 shares of the business services provider’s stock valued at $2,075,000 after buying an additional 8,452 shares during the period. 67.18% of the stock is currently owned by institutional investors.

LQDT has been the topic of a number of research reports. Zacks Investment Research lowered shares of Liquidity Services from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 4th. Barrington Research reaffirmed a “buy” rating and set a $10.00 target price on shares of Liquidity Services in a research report on Monday, December 3rd. Finally, ValuEngine lowered shares of Liquidity Services from a “hold” rating to a “sell” rating in a research report on Saturday, October 6th.

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About Liquidity Services

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 for Liquidity Services (NASDAQ:LQDT)

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