Equities research analysts expect Liquidity Services, Inc. (NASDAQ:LQDT) to report sales of $48.36 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Liquidity Services’ earnings, with the highest sales estimate coming in at $51.44 million and the lowest estimate coming in at $45.27 million. Liquidity Services posted sales of $61.37 million in the same quarter last year, which suggests a negative year-over-year growth rate of 21.2%. The business is expected to announce its next earnings results on Tuesday, December 4th.

According to Zacks, analysts expect that Liquidity Services will report full year sales of $220.11 million for the current year, with estimates ranging from $217.08 million to $223.14 million. For the next financial year, analysts expect that the company will post sales of $215.53 million, with estimates ranging from $201.10 million to $229.96 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Liquidity Services.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings data on Thursday, August 2nd. The business services provider reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $0.15. The firm had revenue of $50.57 million for the quarter, compared to analysts’ expectations of $53.88 million. Liquidity Services had a negative net margin of 11.33% and a negative return on equity of 16.30%.

Several research firms have recently weighed in on LQDT. Zacks Investment Research upgraded shares of Liquidity Services from a “hold” rating to a “buy” rating and set a $8.25 price objective on the stock in a research report on Thursday, August 9th. ValuEngine cut shares of Liquidity Services from a “buy” rating to a “hold” rating in a research report on Tuesday, July 3rd.

In related news, insider Roger Gravley sold 6,587 shares of the stock in a transaction on Monday, October 8th. The shares were sold at an average price of $5.28, for a total transaction of $34,779.36. Following the transaction, the insider now owns 5,939 shares of the company’s stock, valued at approximately $31,357.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Jorge Celaya sold 60,193 shares of the stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $7.01, for a total transaction of $421,952.93. Following the transaction, the chief financial officer now directly owns 28,967 shares in the company, valued at approximately $203,058.67. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 111,227 shares of company stock worth $751,599. Corporate insiders own 22.10% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in shares of Liquidity Services by 6.3% during the 2nd quarter. BlackRock Inc. now owns 3,607,985 shares of the business services provider’s stock valued at $23,632,000 after purchasing an additional 214,894 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Liquidity Services by 0.8% during the 2nd quarter. Renaissance Technologies LLC now owns 2,184,196 shares of the business services provider’s stock valued at $14,306,000 after purchasing an additional 17,307 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Liquidity Services by 8.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,434,945 shares of the business services provider’s stock valued at $9,399,000 after purchasing an additional 114,540 shares during the last quarter. Roumell Asset Management LLC grew its holdings in shares of Liquidity Services by 7.9% during the 2nd quarter. Roumell Asset Management LLC now owns 958,259 shares of the business services provider’s stock valued at $6,277,000 after purchasing an additional 69,931 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Liquidity Services during the 2nd quarter valued at $4,459,000. 65.36% of the stock is currently owned by institutional investors.

Shares of Liquidity Services stock traded down $0.15 on Monday, hitting $5.55. 1,636 shares of the company traded hands, compared to its average volume of 96,090. The stock has a market cap of $203.98 million, a P/E ratio of -5.82 and a beta of 0.68. Liquidity Services has a 12-month low of $4.34 and a 12-month high of $8.00.

Liquidity Services Company Profile

Liquidity Services, Inc provides e-commerce marketplace solutions to manage, value, and sell inventory and equipment for business and government clients in the United States. The company's marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and capital assets; govliquidation.com, which enables federal government agencies and commercial businesses to sell surplus and scrap assets; govdeals.com that enables local and state government entities, school boards, and public utilities to sell surplus and salvage assets; auctiondeals.com self-service solution which enable sellers list their assets to commercial businesses to sell surplus and salvage assets.

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

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