Liquidity Services (LQDT) Issues Q3 2019 Earnings Guidance

Liquidity Services (NASDAQ:LQDT) updated its third quarter 2019 earnings guidance on Wednesday. The company provided EPS guidance of $-0.12–0.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.07.

A number of equities research analysts have recently issued reports on LQDT shares. TheStreet cut shares of Liquidity Services from a c rating to a d+ rating in a research note on Monday, April 15th. BidaskClub raised shares of Liquidity Services from a hold rating to a buy rating in a research note on Thursday, March 21st. Barrington Research reaffirmed a buy rating and issued a $10.00 price objective on shares of Liquidity Services in a research note on Monday, February 11th. ValuEngine cut shares of Liquidity Services from a buy rating to a hold rating in a research note on Friday, February 8th. Finally, Zacks Investment Research raised shares of Liquidity Services from a sell rating to a hold rating in a research note on Thursday, February 7th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $9.13.

Shares of Liquidity Services stock opened at $6.60 on Friday. Liquidity Services has a 52-week low of $5.17 and a 52-week high of $9.16. The firm has a market capitalization of $217.50 million, a PE ratio of -13.20 and a beta of 1.08.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings results on Wednesday, May 8th. The business services provider reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.10. Liquidity Services had a negative net margin of 7.70% and a negative return on equity of 11.08%. The company had revenue of $37.36 million during the quarter, compared to analyst estimates of $56.92 million. As a group, analysts forecast that Liquidity Services will post -0.41 earnings per share for the current fiscal year.

In related news, Director George H. Ellis sold 10,500 shares of the company’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $6.71, for a total transaction of $70,455.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider James M. Rallo sold 4,908 shares of the company’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $6.93, for a total transaction of $34,012.44. Following the sale, the insider now owns 4,908 shares of the company’s stock, valued at $34,012.44. The disclosure for this sale can be found here. Corporate insiders own 18.70% of the company’s stock.

An institutional investor recently raised its position in Liquidity Services stock. Geode Capital Management LLC grew its stake in Liquidity Services, Inc. (NASDAQ:LQDT) by 13.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 276,276 shares of the business services provider’s stock after purchasing an additional 33,047 shares during the quarter. Geode Capital Management LLC owned about 0.83% of Liquidity Services worth $1,704,000 at the end of the most recent quarter. 65.13% of the stock is owned by hedge funds and other institutional investors.

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Liquidity Services Company Profile

Liquidity Services, Inc provides e-commerce marketplace that enable buyers and sellers to transact in an automated environment offering approximately 500 product categories. The company's marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and capital assets; govdeals.com that enables local and state government entities, including city, county, and state agencies to sell surplus and salvage assets, as well as offers a suite of services that includes asset sales and marketing, and seller self-service; and auctiondeals.com, a self-service solution, which enable sellers list their own assets, and enable 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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