Marathon Patent Group Inc (MARA) Expected to Announce Earnings of -$0.16 Per Share
Wall Street analysts forecast that Marathon Patent Group Inc (NASDAQ:MARA) will post earnings of ($0.16) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Marathon Patent Group’s earnings, with the lowest EPS estimate coming in at ($0.16) and the highest estimate coming in at ($0.15). Marathon Patent Group posted earnings of ($0.18) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 11.1%. The firm is expected to announce its next quarterly earnings results on Thursday, May 11th.
On average, analysts expect that Marathon Patent Group will report full-year earnings of $0.17 per share for the current fiscal year, with EPS estimates ranging from $0.14 to $0.21. For the next financial year, analysts forecast that the firm will post earnings of $0.16 per share. Zacks’ EPS averages are an average based on a survey of analysts that that provide coverage for Marathon Patent Group.
Marathon Patent Group (NASDAQ:MARA) last posted its quarterly earnings data on Thursday, March 30th. The business services provider reported ($1.74) earnings per share for the quarter, missing the consensus estimate of ($0.27) by $1.47. The company earned $0.18 million during the quarter, compared to analyst estimates of $1.07 million. Marathon Patent Group had a negative return on equity of 10.36% and a negative net margin of 14.15%.
Several equities research analysts have recently weighed in on MARA shares. Zacks Investment Research raised Marathon Patent Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 24th. Roth Capital set a $3.00 price objective on Marathon Patent Group and gave the company a “buy” rating in a research report on Saturday, April 1st.
Several large investors have recently bought and sold shares of the stock. Eagle Global Advisors LLC purchased a new position in shares of Marathon Patent Group during the third quarter worth approximately $118,000. Renaissance Technologies LLC raised its position in shares of Marathon Patent Group by 263.6% in the fourth quarter. Renaissance Technologies LLC now owns 84,000 shares of the business services provider’s stock worth $144,000 after buying an additional 60,900 shares during the last quarter. Finally, ARS Investment Partners LLC purchased a new position in shares of Marathon Patent Group during the fourth quarter worth approximately $483,000. 12.50% of the stock is owned by institutional investors.
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Marathon Patent Group (NASDAQ:MARA) traded up 1.20% during midday trading on Thursday, reaching $0.84. 11,912 shares of the company traded hands. The company has a 50-day moving average price of $1.07 and a 200-day moving average price of $1.71. Marathon Patent Group has a 12-month low of $0.63 and a 12-month high of $3.44. The company’s market cap is $16.21 million.
About Marathon Patent Group
Marathon Patent Group Inc (MARA) is engaged in acquiring patents and patent rights from owners or other ventures. The Company monetizes its portfolio of patents and patent rights by entering into license discussions. The Company owns around 378 United States and foreign patents, and patent rights across a range of technologies and markets.
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