Zacks: Analysts Expect Liquidity Services, Inc. (LQDT) Will Post Quarterly Sales of $64.17 Million

Equities research analysts expect Liquidity Services, Inc. (NASDAQ:LQDT) to post $64.17 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Liquidity Services’ earnings, with estimates ranging from $59.20 million to $69.14 million. Liquidity Services reported sales of $78.51 million during the same quarter last year, which indicates a negative year over year growth rate of 18.3%. The firm is expected to report its next quarterly earnings report after the market closes on Tuesday, December 5th.

According to Zacks, analysts expect that Liquidity Services will report full-year sales of $64.17 million for the current financial year, with estimates ranging from $267.85 million to $277.79 million. For the next year, analysts expect that the business will report sales of $278.98 million per share, with estimates ranging from $277.65 million to $280.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Liquidity Services.

A number of brokerages recently commented on LQDT. Zacks Investment Research lowered Liquidity Services from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. ValuEngine upgraded Liquidity Services from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st.

In other Liquidity Services news, insider James M. Rallo sold 15,270 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $5.80, for a total transaction of $88,566.00. 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 firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $5.80, for a total value of $49,561.00. Following the transaction, the insider now owns 9,702 shares in the company, valued at approximately $56,271.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,869 shares of company stock valued at $200,250. Corporate insiders own 22.30% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Robotti Robert boosted its holdings in Liquidity Services by 4.5% during the second quarter. Robotti Robert now owns 415,194 shares of the business services provider’s stock worth $2,488,000 after buying an additional 18,000 shares during the last quarter. Morgan Stanley boosted its holdings in Liquidity Services by 3.3% during the first quarter. Morgan Stanley now owns 240,482 shares of the business services provider’s stock worth $1,924,000 after buying an additional 7,731 shares during the last quarter. Bank of America Corp DE boosted its holdings in Liquidity Services by 94.6% during the first quarter. Bank of America Corp DE now owns 40,679 shares of the business services provider’s stock worth $326,000 after buying an additional 19,771 shares during the last quarter. Texas Permanent School Fund boosted its holdings in Liquidity Services by 1.2% during the second quarter. Texas Permanent School Fund now owns 17,931 shares of the business services provider’s stock worth $114,000 after buying an additional 204 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Liquidity Services by 5.7% during the first quarter. Vanguard Group Inc. now owns 1,309,668 shares of the business services provider’s stock worth $10,477,000 after buying an additional 71,139 shares during the last quarter. Hedge funds and other institutional investors own 66.71% of the company’s stock.

Shares of Liquidity Services (NASDAQ LQDT) traded up $0.05 during trading hours on Friday, hitting $5.45. The stock had a trading volume of 46,317 shares, compared to its average volume of 73,930. Liquidity Services has a 52 week low of $5.20 and a 52 week high of $10.50.

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Liquidity Services Company Profile

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

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