Analysts Expect Quotient Technology Inc (QUOT) Will Post Quarterly Sales of $86.14 Million
Equities analysts forecast that Quotient Technology Inc (NYSE:QUOT) will announce sales of $86.14 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Quotient Technology’s earnings. The lowest sales estimate is $85.58 million and the highest is $87.06 million. Quotient Technology posted sales of $72.58 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 18.7%. The business is expected to announce its next earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that Quotient Technology will report full year sales of $86.14 million for the current fiscal year, with estimates ranging from $384.92 million to $397.87 million. For the next year, analysts forecast that the business will post sales of $464.59 million per share, with estimates ranging from $439.66 million to $491.87 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Quotient Technology.
Quotient Technology (NYSE:QUOT) last posted its quarterly earnings data on Tuesday, February 13th. The technology company reported $0.06 earnings per share for the quarter. Quotient Technology had a negative return on equity of 3.02% and a negative net margin of 4.68%. The business had revenue of $93.09 million for the quarter, compared to analysts’ expectations of $92.48 million.
In related news, Director Steven Michael Horowitz sold 56,300 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $13.18, for a total transaction of $742,034.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Steven R. Boal sold 50,000 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $13.20, for a total value of $660,000.00. Following the sale, the chairman now owns 3,300,146 shares in the company, valued at $43,561,927.20. The disclosure for this sale can be found here. 11.46% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Wedbush Securities Inc. bought a new stake in shares of Quotient Technology during the 3rd quarter valued at $160,000. Amalgamated Bank bought a new stake in shares of Quotient Technology during the 4th quarter valued at $121,000. Great West Life Assurance Co. Can raised its stake in shares of Quotient Technology by 116.7% during the 3rd quarter. Great West Life Assurance Co. Can now owns 11,269 shares of the technology company’s stock valued at $175,000 after purchasing an additional 6,069 shares during the period. Capital Fund Management S.A. bought a new stake in shares of Quotient Technology during the 4th quarter valued at $140,000. Finally, Wolverine Trading LLC raised its stake in shares of Quotient Technology by 119.8% during the 4th quarter. Wolverine Trading LLC now owns 12,140 shares of the technology company’s stock valued at $143,000 after purchasing an additional 6,617 shares during the period. Institutional investors own 77.10% of the company’s stock.
Quotient Technology (NYSE:QUOT) opened at $13.65 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.03 and a quick ratio of 6.03. Quotient Technology has a 1 year low of $9.10 and a 1 year high of $17.85. The firm has a market capitalization of $1,270.00, a price-to-earnings ratio of -75.83, a price-to-earnings-growth ratio of 8.47 and a beta of -0.26.
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About Quotient Technology
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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