Zacks: Analysts Expect Liquidity Services, Inc. (LQDT) to Post -$0.14 EPS

Wall Street analysts expect that Liquidity Services, Inc. (NASDAQ:LQDT) will announce earnings per share (EPS) of ($0.14) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Liquidity Services’ earnings, with the lowest EPS estimate coming in at ($0.16) and the highest estimate coming in at ($0.12). Liquidity Services posted earnings per share of ($0.33) during the same quarter last year, which would indicate a positive year-over-year growth rate of 57.6%. The business is scheduled to report its next quarterly earnings report on Tuesday, December 4th.

On average, analysts expect that Liquidity Services will report full-year earnings of ($0.48) per share for the current year, with EPS estimates ranging from ($0.50) to ($0.45). For the next financial year, analysts forecast that the company will post earnings of ($0.19) per share, with EPS estimates ranging from ($0.26) to ($0.12). Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow Liquidity Services.

Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings results on Thursday, August 2nd. The business services provider reported ($0.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.15. The firm had revenue of $50.57 million during the quarter, compared to the consensus estimate of $53.88 million. Liquidity Services had a negative return on equity of 16.30% and a negative net margin of 11.33%.

A number of equities analysts recently issued reports on LQDT shares. ValuEngine raised Liquidity Services from a “hold” rating to a “buy” rating in a report on Wednesday, June 27th. Zacks Investment Research raised Liquidity Services from a “sell” rating to a “hold” rating in a report on Friday, June 29th.

In other Liquidity Services news, CFO Jorge Celaya sold 31,226 shares of the business’s stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $7.00, for a total value of $218,582.00. Following the completion of the sale, the chief financial officer now owns 28,967 shares in the company, valued at $202,769. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Roger Gravley sold 6,587 shares of the business’s stock in a transaction that occurred on Monday, October 8th. The shares were sold at an average price of $5.28, for a total value of $34,779.36. Following the completion of the sale, the insider now owns 5,939 shares of the company’s stock, valued at approximately $31,357.92. The disclosure for this sale can be found here. Insiders sold 111,227 shares of company stock valued at $751,599 over the last ninety days. 22.10% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its stake in Liquidity Services by 165.2% in the first quarter. The Manufacturers Life Insurance Company now owns 22,939 shares of the business services provider’s stock valued at $149,000 after buying an additional 14,290 shares during the last quarter. Harvey Partners LLC purchased a new stake in Liquidity Services in the first quarter valued at approximately $520,000. Strs Ohio lifted its stake in Liquidity Services by 9.8% in the second quarter. Strs Ohio now owns 90,600 shares of the business services provider’s stock valued at $593,000 after buying an additional 8,100 shares during the last quarter. Sei Investments Co. lifted its stake in Liquidity Services by 79.6% in the first quarter. Sei Investments Co. now owns 106,091 shares of the business services provider’s stock valued at $690,000 after buying an additional 47,016 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Liquidity Services by 23.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 130,111 shares of the business services provider’s stock valued at $853,000 after buying an additional 24,529 shares during the last quarter. Institutional investors own 65.36% of the company’s stock.

LQDT traded down $0.15 on Friday, reaching $5.55. The company’s stock had a trading volume of 1,636 shares, compared to its average volume of 96,090. The company has a market capitalization of $203.98 million, a price-to-earnings ratio of -5.82 and a beta of 0.68. Liquidity Services has a fifty-two week low of $4.34 and a fifty-two week high of $8.00.

About Liquidity Services

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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