Liquidity Services (LQDT) Expected to Announce Quarterly Sales of $53.88 Million

Wall Street analysts expect that Liquidity Services (NASDAQ:LQDT) will post sales of $53.88 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Liquidity Services’ earnings, with estimates ranging from $52.85 million to $54.90 million. Liquidity Services reported sales of $65.52 million in the same quarter last year, which indicates a negative year over year growth rate of 17.8%. The business is expected to report its next earnings results on Thursday, August 2nd.

On average, analysts expect that Liquidity Services will report full-year sales of $229.43 million for the current year, with estimates ranging from $224.18 million to $234.68 million. For the next financial year, analysts anticipate that the business will report sales of $233.41 million per share, with estimates ranging from $221.47 million to $245.34 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Liquidity Services.

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

A number of analysts have issued reports on the company. Zacks Investment Research raised Liquidity Services from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a report on Wednesday, March 14th. ValuEngine downgraded Liquidity Services from a “sell” rating to a “strong sell” rating in a report on Thursday, February 8th. Finally, Barrington Research set a $10.00 price target on Liquidity Services and gave the stock a “buy” rating in a report on Tuesday, May 1st.

Liquidity Services remained flat at $$5.60 during trading on Friday, according to MarketBeat. The company’s stock had a trading volume of 3,353 shares, compared to its average volume of 128,663. The stock has a market cap of $178.16 million, a P/E ratio of -5.71 and a beta of 0.60. Liquidity Services has a 12 month low of $5.60 and a 12 month high of $5.65.

In other news, insider Roger Gravley sold 12,385 shares of the business’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $6.23, for a total value of $77,158.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.10% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of LQDT. Wells Fargo & Company MN lifted its holdings in shares of Liquidity Services by 43.0% in the 3rd quarter. Wells Fargo & Company MN now owns 34,415 shares of the business services provider’s stock valued at $203,000 after purchasing an additional 10,352 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Liquidity Services by 15.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,038,515 shares of the business services provider’s stock valued at $6,127,000 after purchasing an additional 135,532 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Liquidity Services in the 4th quarter valued at about $105,000. Boston Partners purchased a new stake in shares of Liquidity Services in the 4th quarter valued at about $934,000. Finally, Eagle Boston Investment Management Inc. lifted its holdings in shares of Liquidity Services by 7.2% in the 4th quarter. Eagle Boston Investment Management Inc. now owns 279,418 shares of the business services provider’s stock valued at $1,355,000 after purchasing an additional 18,715 shares during the last quarter. 67.01% of the stock is owned by institutional investors and hedge funds.

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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