Liquidity Services (NASDAQ:LQDT) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Liquidity Services (NASDAQ:LQDT) announced its quarterly earnings results on Thursday. The business services provider reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.02, Morningstar.com reports. The company had revenue of $56.88 million during the quarter, compared to the consensus estimate of $52.17 million. Liquidity Services had a negative net margin of 7.50% and a negative return on equity of 8.02%. Liquidity Services updated its Q4 2019 guidance to $-0.11–0.04 EPS.

NASDAQ:LQDT traded up $0.21 during trading hours on Friday, reaching $7.37. The company had a trading volume of 73,028 shares, compared to its average volume of 76,781. Liquidity Services has a 52 week low of $5.17 and a 52 week high of $9.16. The stock has a market cap of $239.83 million, a price-to-earnings ratio of -14.74 and a beta of 1.18. The company’s 50 day simple moving average is $6.11.

Large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in shares of Liquidity Services by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,560,474 shares of the business services provider’s stock worth $9,629,000 after buying an additional 53,078 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Liquidity Services by 13.6% during the fourth quarter. Geode Capital Management LLC now owns 276,276 shares of the business services provider’s stock worth $1,704,000 after buying an additional 33,047 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Liquidity Services by 3.5% during the fourth quarter. Principal Financial Group Inc. now owns 214,838 shares of the business services provider’s stock worth $1,326,000 after buying an additional 7,339 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of Liquidity Services by 31.5% during the fourth quarter. Two Sigma Investments LP now owns 58,413 shares of the business services provider’s stock worth $360,000 after buying an additional 13,976 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Liquidity Services by 152.4% during the fourth quarter. Bank of America Corp DE now owns 32,569 shares of the business services provider’s stock worth $201,000 after buying an additional 19,663 shares in the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on LQDT shares. Zacks Investment Research downgraded shares of Liquidity Services from a “buy” rating to a “hold” rating in a research report on Thursday. ValuEngine downgraded shares of Liquidity Services from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. TheStreet downgraded shares of Liquidity Services from a “c” rating to a “d+” rating in a research report on Monday, April 15th. Finally, Barrington Research reissued a “buy” rating and set a $10.00 price target on shares of Liquidity Services in a research report on Thursday. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $8.38.

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 for Liquidity Services (NASDAQ:LQDT)

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