Liquidity Services (LQDT) Issues Q1 2019 Earnings Guidance
Liquidity Services (NASDAQ:LQDT) issued an update on its first quarter 2019 earnings guidance on Thursday morning. The company provided EPS guidance of $-0.17–0.13 for the period.
Shares of NASDAQ:LQDT opened at $6.80 on Friday. Liquidity Services has a 52 week low of $4.34 and a 52 week high of $8.00.
Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings data on Thursday, December 6th. The business services provider reported ($0.14) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.14). Liquidity Services had a negative net margin of 5.60% and a negative return on equity of 11.97%. The company had revenue of $52.71 million for the quarter, compared to the consensus estimate of $48.36 million.
In other Liquidity Services news, insider Roger Gravley sold 6,587 shares of the stock in a transaction that occurred on Monday, October 8th. The shares were sold at an average price of $5.28, for a total value of $34,779.36. Following the sale, the insider now directly owns 5,939 shares of the company’s stock, valued at approximately $31,357.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider James M. Rallo sold 6,737 shares of the stock in a transaction that occurred on Wednesday, October 3rd. The shares were sold at an average price of $5.91, for a total transaction of $39,815.67. Following the completion of the sale, the insider now directly owns 16,059 shares in the company, valued at $94,908.69. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,808 shares of company stock worth $111,064. Insiders own 22.30% of the company’s stock.
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About Liquidity Services
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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