$0.03 EPS Expected for Fluent Inc (NASDAQ:FLNT) This Quarter

Analysts predict that Fluent Inc (NASDAQ:FLNT) will announce $0.03 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Fluent’s earnings. The highest EPS estimate is $0.04 and the lowest is $0.02. Fluent also reported earnings per share of $0.03 during the same quarter last year. The company is scheduled to report its next earnings report after the market closes on Thursday, August 8th.

According to Zacks, analysts expect that Fluent will report full-year earnings of $0.19 per share for the current financial year, with EPS estimates ranging from $0.15 to $0.23. For the next fiscal year, analysts forecast that the firm will report earnings of $0.36 per share, with EPS estimates ranging from $0.30 to $0.42. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Fluent.

Fluent (NASDAQ:FLNT) last released its earnings results on Wednesday, May 8th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). Fluent had a net margin of 3.76% and a return on equity of 5.55%. The business had revenue of $66.56 million for the quarter, compared to the consensus estimate of $65.61 million.

Several analysts have weighed in on FLNT shares. Roth Capital upgraded shares of Fluent from a “neutral” rating to a “buy” rating and boosted their target price for the company from $5.50 to $8.50 in a research note on Thursday, May 9th. ValuEngine lowered shares of Fluent from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research lowered shares of Fluent from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. Finally, Barrington Research restated a “buy” rating and set a $9.00 price target on shares of Fluent in a research report on Wednesday, May 29th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $7.92.

FLNT stock opened at $4.77 on Friday. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.29. Fluent has a 1-year low of $1.95 and a 1-year high of $7.47. The company’s fifty day simple moving average is $5.37. The company has a market capitalization of $372.22 million, a price-to-earnings ratio of 47.70, a price-to-earnings-growth ratio of 0.64 and a beta of 0.85.

Institutional investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC bought a new position in shares of Fluent during the fourth quarter worth about $37,000. Two Sigma Investments LP bought a new position in Fluent in the 4th quarter valued at about $48,000. Ausdal Financial Partners Inc. bought a new position in Fluent in the 2nd quarter valued at about $56,000. Comprehensive Portfolio Management LLC bought a new position in Fluent in the 2nd quarter valued at about $63,000. Finally, Gotham Asset Management LLC bought a new position in Fluent in the 4th quarter valued at about $64,000. Institutional investors and hedge funds own 27.36% of the company’s stock.

Fluent Company Profile

Fluent, Inc provides data-driven digital marketing services primarily in the United States. The company also offers customer acquisition services by operating digital marketing campaigns, through which the company connects its advertiser clients with consumers. It delivers data and performance-based marketing executions to approximately 500 consumer brands, direct marketers, and agencies across a range of industries, including financial services, retail and consumer, media and entertainment, staffing and recruitment, and marketing services.

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