Equities analysts expect Groupon (NASDAQ:GRPN) to announce $628.33 million in sales for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Groupon’s earnings, with the lowest sales estimate coming in at $610.89 million and the highest estimate coming in at $632.21 million. Groupon posted sales of $662.62 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 5.2%. The business is expected to issue its next earnings report on Wednesday, August 1st.

On average, analysts expect that Groupon will report full year sales of $2.64 billion for the current financial year, with estimates ranging from $2.57 billion to $2.69 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.66 billion per share, with estimates ranging from $2.42 billion to $2.75 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Groupon.

Groupon (NASDAQ:GRPN) last posted its quarterly earnings results on Wednesday, May 9th. The coupon company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $626.54 million during the quarter, compared to analyst estimates of $604.16 million. Groupon had a net margin of 1.13% and a return on equity of 6.53%. The firm’s revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 earnings per share.

A number of analysts have recently issued reports on GRPN shares. Goldman Sachs reissued a “neutral” rating and issued a $4.80 price target on shares of Groupon in a research report on Thursday, February 15th. Morgan Stanley raised shares of Groupon from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $4.27 to $4.40 in a research report on Monday, March 5th. UBS raised shares of Groupon from a “sell” rating to a “neutral” rating and increased their price target for the stock from $2.90 to $5.99 in a research report on Thursday, May 10th. BidaskClub lowered shares of Groupon from a “hold” rating to a “sell” rating in a research report on Saturday, February 17th. Finally, JPMorgan Chase reduced their price target on shares of Groupon from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.32.

In other Groupon news, Director Eric P. Lefkofsky sold 1,500,000 shares of the stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $4.60, for a total transaction of $6,900,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Brian Stevens sold 15,000 shares of the stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $4.61, for a total value of $69,150.00. Following the transaction, the chief accounting officer now owns 232,751 shares in the company, valued at approximately $1,072,982.11. The disclosure for this sale can be found here. Corporate insiders own 16.90% of the company’s stock.

A number of hedge funds have recently made changes to their positions in GRPN. Paloma Partners Management Co acquired a new position in Groupon during the fourth quarter valued at approximately $110,000. Element Capital Management LLC acquired a new position in Groupon during the first quarter valued at approximately $110,000. US Bancorp DE acquired a new position in Groupon during the fourth quarter valued at approximately $133,000. ETRADE Capital Management LLC acquired a new position in Groupon during the fourth quarter valued at approximately $157,000. Finally, Xact Kapitalforvaltning AB acquired a new position in Groupon during the fourth quarter valued at approximately $192,000. Institutional investors own 65.33% of the company’s stock.

Shares of Groupon traded down $0.18, reaching $4.62, during mid-day trading on Friday, according to MarketBeat Ratings. The company had a trading volume of 10,211,160 shares, compared to its average volume of 8,775,039. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of -154.00, a price-to-earnings-growth ratio of 9.03 and a beta of 1.40. Groupon has a 12-month low of $2.90 and a 12-month high of $5.99.

Groupon declared that its board has approved a share repurchase program on Wednesday, May 9th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the coupon company to buy up to 11% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

About Groupon

Groupon, Inc operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelries, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals.

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