Fluent Inc (FLNT) Expected to Announce Earnings of $0.04 Per Share

Equities research analysts expect that Fluent Inc (NASDAQ:FLNT) will report $0.04 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Fluent’s earnings. Fluent reported earnings per share of ($0.25) during the same quarter last year, which suggests a positive year over year growth rate of 116%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, November 14th.

According to Zacks, analysts expect that Fluent will report full year earnings of $0.05 per share for the current year. For the next year, analysts anticipate that the firm will report earnings of $0.20 per share, with EPS estimates ranging from $0.18 to $0.21. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Fluent.

Fluent (NASDAQ:FLNT) last posted its earnings results on Tuesday, August 7th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Fluent had a negative net margin of 19.23% and a negative return on equity of 7.44%. The firm had revenue of $56.94 million during the quarter, compared to the consensus estimate of $59.00 million.

Several research analysts have recently commented on FLNT shares. Zacks Investment Research raised Fluent from a “hold” rating to a “buy” rating and set a $2.50 price objective on the stock in a research note on Thursday, August 9th. ValuEngine raised Fluent from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd.

Shares of NASDAQ FLNT traded up $0.02 during trading on Thursday, hitting $2.15. The company had a trading volume of 1,441 shares, compared to its average volume of 296,371. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.29. Fluent has a 12 month low of $1.89 and a 12 month high of $5.27. The company has a market capitalization of $161.87 million, a P/E ratio of -3.06 and a beta of 0.56.

In other news, major shareholder Michael Brauser sold 300,000 shares of the firm’s stock in a transaction dated Thursday, July 12th. The stock was sold at an average price of $2.38, for a total value of $714,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ryan Schulke acquired 100,000 shares of the firm’s stock in a transaction dated Friday, August 10th. The stock was bought at an average cost of $2.40 per share, for a total transaction of $240,000.00. The disclosure for this purchase can be found here. Insiders bought 170,000 shares of company stock worth $397,300 in the last ninety days. Corporate insiders own 18.70% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Private Advisor Group LLC bought a new position in shares of Fluent in the second quarter worth about $106,000. Dimensional Fund Advisors LP bought a new position in shares of Fluent in the second quarter worth about $130,000. Schwab Charles Investment Management Inc. bought a new position in shares of Fluent in the second quarter worth about $176,000. WealthTrust Axiom LLC bought a new stake in Fluent during the 2nd quarter valued at approximately $196,000. Finally, Bank of America Corp DE bought a new stake in Fluent during the 2nd quarter valued at approximately $235,000. 11.72% of the stock is currently owned by hedge funds and other institutional investors.

Fluent Company Profile

Fluent, Inc provides data-driven performance marketing and customer acquisition services primarily in the United States. It develops custom audiences and operates performance marketing campaigns on behalf of advertising partners. The company offers data acquisition solutions that include Connect, which enables marketers to acquire consumer data and marketing consent across its network of proprietary Websites; and ReConnect that enables marketers offer consumers the ability to opt into marketing programs outside of the confines of own Websites.

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