Groupon (GRPN) Issues Earnings Results
Groupon (NASDAQ:GRPN) announced its quarterly earnings data on Wednesday. The coupon company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02), Bloomberg Earnings reports. The firm had revenue of $873.17 million during the quarter, compared to analysts’ expectations of $853.13 million. Groupon had a negative net margin of 2.97% and a negative return on equity of 1.47%. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.07 EPS.
Shares of Groupon (NASDAQ GRPN) traded up $0.06 on Wednesday, hitting $5.20. The company’s stock had a trading volume of 24,794,199 shares, compared to its average volume of 9,442,891. Groupon has a twelve month low of $2.90 and a twelve month high of $5.99. The firm has a market cap of $2,870.19, a P/E ratio of -34.66, a PEG ratio of 27.05 and a beta of 1.47. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.99.
In other Groupon news, Director Eric P. Lefkofsky sold 1,500,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $5.77, for a total value of $8,655,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Brian Stevens sold 20,000 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $5.71, for a total value of $114,200.00. Following the completion of the sale, the chief accounting officer now directly owns 222,354 shares of the company’s stock, valued at $1,269,641.34. The disclosure for this sale can be found here. 23.40% of the stock is owned by company insiders.
A number of research analysts have weighed in on GRPN shares. Vetr upgraded Groupon from a “hold” rating to a “strong-buy” rating and set a $6.79 price objective on the stock in a report on Tuesday, December 12th. Goldman Sachs Group upgraded Groupon from a “sell” rating to a “neutral” rating and set a $5.40 price objective on the stock in a report on Wednesday, January 17th. Piper Jaffray Companies restated an “overweight” rating and issued a $6.25 price objective (up previously from $5.50) on shares of Groupon in a report on Wednesday, November 1st. B. Riley restated a “buy” rating and issued a $6.30 price objective on shares of Groupon in a report on Thursday, November 2nd. Finally, Zacks Investment Research upgraded Groupon from a “hold” rating to a “strong-buy” rating and set a $6.25 price objective on the stock in a report on Monday, November 6th. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $5.06.
Groupon Company Profile
Groupon, Inc operates online local commerce marketplaces around the world that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America, which represents the United States and Canada; EMEA, which consists of Europe, and the Middle East and Africa, and the remainder of its international operations (Rest of World).
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