$0.08 Earnings Per Share Expected for Quotient Technology Inc. (QUOT) This Quarter
Wall Street brokerages forecast that Quotient Technology Inc. (NYSE:QUOT) will announce $0.08 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for Quotient Technology’s earnings, with estimates ranging from $0.05 to $0.10. Quotient Technology posted earnings of $0.05 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 60%. The firm is scheduled to announce its next earnings report on Thursday, February 8th.
On average, analysts expect that Quotient Technology will report full year earnings of $0.21 per share for the current financial year, with EPS estimates ranging from $0.14 to $0.37. For the next financial year, analysts expect that the business will report earnings of $0.51 per share, with EPS estimates ranging from $0.45 to $0.62. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Quotient Technology.
Quotient Technology (NYSE:QUOT) last released its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.10). The business had revenue of $81.95 million during the quarter, compared to analysts’ expectations of $83.24 million. Quotient Technology had a negative return on equity of 4.96% and a negative net margin of 5.17%. The firm’s revenue was up 23.3% compared to the same quarter last year. During the same period last year, the company earned ($0.13) earnings per share.
Several equities analysts recently weighed in on the stock. BidaskClub downgraded shares of Quotient Technology from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 18th. Dougherty & Co reissued a “buy” rating and issued a $20.00 price objective (up from $16.00) on shares of Quotient Technology in a research note on Wednesday, October 4th. First Analysis started coverage on Quotient Technology in a research note on Monday, October 9th. They issued an “overweight” rating and a $21.00 target price for the company. ValuEngine raised Quotient Technology from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, TheStreet raised Quotient Technology from a “d+” rating to a “c-” rating in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. Quotient Technology has an average rating of “Buy” and an average target price of $17.88.
Quotient Technology (QUOT) opened at $12.05 on Monday. Quotient Technology has a fifty-two week low of $9.10 and a fifty-two week high of $17.85.
In related news, Director Andrew J. Gessow bought 5,000 shares of the stock in a transaction dated Thursday, November 16th. The stock was acquired at an average price of $12.25 per share, for a total transaction of $61,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David E. Siminoff sold 8,000 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $14.75, for a total value of $118,000.00. Following the completion of the sale, the director now owns 3,000 shares of the company’s stock, valued at approximately $44,250. The disclosure for this sale can be found here. Insiders sold 1,174,783 shares of company stock worth $19,203,133 over the last 90 days. Company insiders own 11.99% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of QUOT. BNP Paribas Arbitrage SA increased its position in shares of Quotient Technology by 595.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,449 shares of the technology company’s stock valued at $109,000 after purchasing an additional 8,091 shares during the period. Principal Financial Group Inc. increased its position in shares of Quotient Technology by 4.0% during the 1st quarter. Principal Financial Group Inc. now owns 12,385 shares of the technology company’s stock valued at $118,000 after purchasing an additional 474 shares during the period. Stoneridge Investment Partners LLC acquired a new position in shares of Quotient Technology during the 2nd quarter valued at $125,000. Parametric Portfolio Associates LLC increased its position in shares of Quotient Technology by 7.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 16,005 shares of the technology company’s stock valued at $153,000 after purchasing an additional 1,168 shares during the period. Finally, Wedbush Securities Inc. acquired a new position in shares of Quotient Technology during the 3rd quarter valued at $160,000. Hedge funds and other institutional investors own 72.89% of the company’s stock.
Quotient Technology Company Profile
Quotient Technology Inc is a provider of digital platform that enables consumer packaged goods (CPG) brands and retailers to engage shoppers through personalized and targeted promotions and media. Through the Company’s platform, CPGs and retailers are able to use online and in-store point-of-sale (POS) shopper data and analytics.
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