Wall Street analysts expect that Liquidity Services, Inc. (NASDAQ:LQDT) will post sales of $64.17 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Liquidity Services’ earnings, with estimates ranging from $59.20 million to $69.14 million. Liquidity Services posted sales of $78.51 million in the same quarter last year, which suggests a negative year-over-year growth rate of 18.3%. The business is expected to announce its next earnings results after the market closes on Tuesday, December 5th.

According to Zacks, analysts expect that Liquidity Services will report full year sales of $64.17 million for the current financial year, with estimates ranging from $267.85 million to $277.79 million. For the next financial year, analysts forecast that the company will post sales of $278.98 million per share, with estimates ranging from $277.65 million to $280.30 million. Zacks’ sales averages are an average based on a survey of research firms that follow Liquidity Services.

Several analysts have commented on LQDT shares. Zacks Investment Research raised Liquidity Services from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. ValuEngine raised Liquidity Services from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st.

In other news, insider James M. Rallo sold 11,054 shares of Liquidity Services stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $5.62, for a total value of $62,123.48. Following the sale, the insider now directly owns 11,054 shares of the company’s stock, valued at $62,123.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Roger Gravley sold 8,545 shares of Liquidity Services stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $5.80, for a total value of $49,561.00. Following the completion of the sale, the insider now directly owns 9,702 shares in the company, valued at $56,271.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,869 shares of company stock worth $200,250. 22.30% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its stake in shares of Liquidity Services by 16.2% in the first quarter. Public Employees Retirement System of Ohio now owns 13,017 shares of the business services provider’s stock worth $104,000 after acquiring an additional 1,816 shares during the last quarter. Thrivent Financial For Lutherans boosted its stake in shares of Liquidity Services by 5.2% in the first quarter. Thrivent Financial For Lutherans now owns 13,770 shares of the business services provider’s stock worth $110,000 after acquiring an additional 680 shares during the last quarter. Texas Permanent School Fund boosted its stake in shares of Liquidity Services by 1.2% in the second quarter. Texas Permanent School Fund now owns 17,931 shares of the business services provider’s stock worth $114,000 after acquiring an additional 204 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Liquidity Services by 51.0% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 24,050 shares of the business services provider’s stock worth $153,000 after acquiring an additional 8,120 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Liquidity Services by 43.0% in the third quarter. Wells Fargo & Company MN now owns 34,415 shares of the business services provider’s stock worth $203,000 after acquiring an additional 10,352 shares during the last quarter. 67.02% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Liquidity Services (LQDT) traded up $0.05 on Wednesday, reaching $5.70. The company’s stock had a trading volume of 31,688 shares, compared to its average volume of 76,991. Liquidity Services has a one year low of $5.20 and a one year high of $10.50.

TRADEMARK VIOLATION NOTICE: “$64.17 Million in Sales Expected for Liquidity Services, Inc. (LQDT) This Quarter” was first published by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/64-17-million-in-sales-expected-for-liquidity-services-inc-lqdt-this-quarter-2/1726261.html.

Liquidity Services Company Profile

Liquidity Services, Inc operates a network of e-commerce marketplaces that enable buyers and sellers to transact in an automated environment. The Company employs e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government clients. The Company’s marketplaces provide professional buyers access to a global supply of new, surplus and scrap assets presented with digital images and other relevant product information.

Get a free copy of the Zacks research report on Liquidity Services (LQDT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Liquidity Services (NASDAQ:LQDT)

Receive News & Ratings for Liquidity Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liquidity Services Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.