Heritage Global (NASDAQ:HGBL - Get Free Report) is anticipated to issue its Q1 2025 quarterly earnings data after the market closes on Thursday, May 8th. Analysts expect Heritage Global to post earnings of $0.04 per share and revenue of $11.91 million for the quarter.
Heritage Global (NASDAQ:HGBL - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.06). Heritage Global had a net margin of 20.60% and a return on equity of 16.05%. The firm had revenue of $10.77 million for the quarter, compared to analyst estimates of $12.30 million.
Heritage Global Stock Performance
Heritage Global stock remained flat at $2.00 during midday trading on Friday. 56,522 shares of the company traded hands, compared to its average volume of 70,963. Heritage Global has a 12-month low of $1.52 and a 12-month high of $2.74. The stock has a market cap of $70.90 million, a price-to-earnings ratio of 7.14 and a beta of 1.23. The company has a 50-day simple moving average of $2.10 and a 200 day simple moving average of $1.95.
Wall Street Analysts Forecast Growth
Separately, Lake Street Capital cut their price target on Heritage Global from $5.00 to $4.00 and set a "buy" rating on the stock in a research note on Friday, March 14th.
Check Out Our Latest Report on HGBL
Heritage Global Company Profile
(
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Heritage Global Inc, together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions. The company operates in three segments: Auction and Liquidation, Refurbishment & Resale, and Brokerage. It provides a suite of market making, acquisitions, refurbishment, dispositions, valuations, and secured lending services.
Further Reading
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