Heritage Global (NASDAQ:HGBL) Issues Quarterly Earnings Results, Meets Estimates

Key Points

• Heritage Global reported an earnings per share (EPS) of $0.05 for the quarter, matching analysts' expectations.
• The company generated $14.30 million in revenue, exceeding the consensus estimate of $12.38 million.
• Heritage Global has a market capitalization of $73.74 million with a price-to-earnings ratio of 17.33.

Heritage Global (NASDAQ:HGBL - Get Free Report) announced its earnings results on Thursday. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05, Zacks reports. Heritage Global had a return on equity of 6.78% and a net margin of 9.53%. The business had revenue of $14.30 million for the quarter, compared to the consensus estimate of $12.38 million.

Heritage Global Stock Performance

Shares of Heritage Global stock opened at $2.08 on Friday. Heritage Global has a 52 week low of $1.52 and a 52 week high of $2.40. The firm has a fifty day moving average of $2.16 and a two-hundred day moving average of $2.14. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.65 and a current ratio of 2.00. The stock has a market capitalization of $73.74 million, a price-to-earnings ratio of 17.33 and a beta of 1.03.

Heritage Global Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.