Liquidity Services Inc. (LQDT) Issues Q1 Earnings Guidance
Liquidity Services Inc. (NASDAQ:LQDT) updated its first quarter earnings guidance on Thursday. The company provided EPS guidance of ($0.31-0.22) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.09).
Liquidity Services Inc. (NASDAQ:LQDT) opened at 9.05 on Friday. Liquidity Services Inc. has a 12-month low of $4.42 and a 12-month high of $11.49. The stock’s market cap is $278.21 million. The company has a 50-day moving average of $9.35 and a 200 day moving average of $8.49.
Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings results on Thursday, November 17th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.06. Liquidity Services had a negative net margin of 15.72% and a negative return on equity of 3.11%. The firm had revenue of $78.50 million for the quarter, compared to analysts’ expectations of $77.21 million. During the same period in the previous year, the business earned $0.07 earnings per share. Liquidity Services’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities analysts anticipate that Liquidity Services Inc. will post ($0.09) earnings per share for the current year.
In other Liquidity Services news, insider Segundo Leoncio Casusol sold 27,634 shares of the business’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $8.56, for a total transaction of $236,547.04. Following the sale, the insider now owns 27,634 shares in the company, valued at approximately $236,547.04. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jorge Celaya sold 6,636 shares of the business’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $10.65, for a total value of $70,673.40. Following the sale, the chief financial officer now owns 53,382 shares in the company, valued at approximately $568,518.30. The disclosure for this sale can be found here. 21.60% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of LQDT. Arizona State Retirement System increased its stake in Liquidity Services by 1.6% in the second quarter. Arizona State Retirement System now owns 12,737 shares of the company’s stock valued at $100,000 after buying an additional 200 shares during the last quarter. Aristotle Capital Boston LLC increased its stake in Liquidity Services by 1.5% in the second quarter. Aristotle Capital Boston LLC now owns 159,663 shares of the company’s stock valued at $1,252,000 after buying an additional 2,375 shares during the last quarter. Panagora Asset Management Inc. increased its stake in Liquidity Services by 52.0% in the second quarter. Panagora Asset Management Inc. now owns 35,500 shares of the company’s stock valued at $278,000 after buying an additional 12,141 shares during the last quarter. Mackenzie Financial Corp bought a new stake in Liquidity Services during the second quarter valued at about $223,000. Finally, Citigroup Inc. increased its stake in Liquidity Services by 5.6% in the second quarter. Citigroup Inc. now owns 27,168 shares of the company’s stock valued at $213,000 after buying an additional 1,438 shares during the last quarter. Hedge funds and other institutional investors own 66.91% of the company’s stock.
Liquidity Services Company Profile
Liquidity Services, Inc is an online auction marketplace for surplus and salvage assets. The Company operates through the operating auction marketplaces for sellers and buyers of surplus, salvage and scrap assets segment. The Company enables buyers and sellers to transact in an automated online auction environment offering over 500 product categories.
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