Barrington Research Weighs in on Liquidity Services, Inc.’s Q1 2018 Earnings (LQDT)

Liquidity Services, Inc. (NASDAQ:LQDT) – Barrington Research issued their Q1 2018 EPS estimates for Liquidity Services in a research note issued to investors on Tuesday. Barrington Research analyst G. Prestopino forecasts that the business services provider will post earnings per share of ($0.34) for the quarter. Barrington Research also issued estimates for Liquidity Services’ Q2 2018 earnings at ($0.22) EPS, Q3 2018 earnings at ($0.16) EPS, Q4 2018 earnings at ($0.09) EPS and FY2018 earnings at ($0.81) EPS.

A number of other brokerages have also commented on LQDT. Zacks Investment Research raised Liquidity Services from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. ValuEngine raised Liquidity Services from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st.

Shares of Liquidity Services (LQDT) traded up $0.20 on Friday, reaching $4.70. The company’s stock had a trading volume of 199,700 shares, compared to its average volume of 117,148. Liquidity Services has a 1 year low of $4.34 and a 1 year high of $10.45.

Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings data on Tuesday, December 5th. The business services provider reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.07). The company had revenue of $61.40 million for the quarter, compared to the consensus estimate of $64.10 million. Liquidity Services had a negative return on equity of 21.96% and a negative net margin of 14.51%. The business’s revenue for the quarter was down 21.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.02) earnings per share.

In related news, insider Roger Gravley sold 8,545 shares of the company’s 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 transaction, the insider now owns 9,702 shares in the company, valued at $56,271.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider James M. Rallo sold 11,054 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $5.62, for a total value of $62,123.48. Following the completion of the transaction, the insider now owns 11,054 shares in the company, valued at approximately $62,123.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,869 shares of company stock worth $200,250. 22.30% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Staley Capital Advisers Inc. lifted its position in shares of Liquidity Services by 2.0% during the third quarter. Staley Capital Advisers Inc. now owns 2,575,000 shares of the business services provider’s stock worth $15,192,000 after acquiring an additional 50,000 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Liquidity Services by 22.0% during the second quarter. Renaissance Technologies LLC now owns 1,981,239 shares of the business services provider’s stock worth $12,581,000 after acquiring an additional 357,240 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Liquidity Services by 5.7% during the first quarter. Vanguard Group Inc. now owns 1,309,668 shares of the business services provider’s stock worth $10,477,000 after acquiring an additional 71,139 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Liquidity Services by 15.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,038,515 shares of the business services provider’s stock worth $6,127,000 after acquiring an additional 135,532 shares in the last quarter. Finally, Roumell Asset Management LLC lifted its position in shares of Liquidity Services by 39.9% during the third quarter. Roumell Asset Management LLC now owns 875,871 shares of the business services provider’s stock worth $5,168,000 after acquiring an additional 249,611 shares in the last quarter. Institutional investors and hedge funds own 67.39% of the company’s stock.

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About Liquidity Services

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.

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

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