Liquidity Services (LQDT) Posts Quarterly Earnings Results, Misses Expectations By $0.07 EPS
Liquidity Services (NASDAQ:LQDT) posted its quarterly earnings results on Tuesday. The business services provider reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.07), Bloomberg Earnings reports. The company had revenue of $61.40 million during the quarter, compared to analysts’ expectations of $64.10 million. Liquidity Services had a negative return on equity of 21.26% and a negative net margin of 14.51%. The business’s quarterly revenue was down 21.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.02) EPS. Liquidity Services updated its Q1 guidance to $(0.34)-(0.25) EPS.
Liquidity Services (LQDT) opened at $4.77 on Thursday. Liquidity Services has a 12-month low of $4.75 and a 12-month high of $10.50.
Several analysts recently weighed in on the company. Zacks Investment Research upgraded Liquidity Services from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. ValuEngine raised Liquidity Services from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st.
In related news, insider James M. Rallo sold 15,270 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $5.80, for a total value of $88,566.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Roger Gravley sold 8,545 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $5.80, for a total value of $49,561.00. Following the completion of the transaction, 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. Insiders sold a total of 34,869 shares of company stock worth $200,250 over the last ninety days. 22.30% of the stock is currently owned by insiders.
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.
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