Advantage Solutions (NASDAQ:ADV) Posts Quarterly Earnings Results, Misses Expectations By $0.23 EPS

Advantage Solutions (NASDAQ:ADV - Get Free Report) released its earnings results on Monday. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.23), Zacks reports. The firm had revenue of $821.79 million during the quarter, compared to analysts' expectations of $786.27 million. Advantage Solutions had a negative return on equity of 7.58% and a negative net margin of 3.32%.

Advantage Solutions Stock Performance

Shares of ADV stock traded down $0.03 during trading hours on Thursday, reaching $1.09. The company had a trading volume of 586,157 shares, compared to its average volume of 665,848. The business has a fifty day moving average price of $1.40 and a 200-day moving average price of $2.42. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market cap of $350.34 million, a PE ratio of -2.66 and a beta of 2.10. Advantage Solutions has a one year low of $1.05 and a one year high of $4.16.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their price objective on Advantage Solutions from $3.50 to $2.50 and set a "buy" rating on the stock in a report on Tuesday.

Advantage Solutions Company Profile

Advantage Solutions Inc provides business solutions to consumer goods manufacturers and retailers in North America and internationally. It operates in two segments, Sales and Marketing. The Sales segment offers brand-centric services, such as headquarter relationship management; analytics, insights, and intelligence; and brand-centric merchandising services.