Liquidity Services (NASDAQ:LQDT - Get Free Report) issued its quarterly earnings data on Thursday. The business services provider reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.05, Zacks reports. The business had revenue of $91.45 million during the quarter. Liquidity Services had a net margin of 6.03% and a return on equity of 17.62%. During the same period last year, the business earned $0.20 earnings per share. Liquidity Services updated its Q3 2024 guidance to 0.200-0.280 EPS.
Liquidity Services Stock Down 0.7 %
LQDT stock traded down $0.13 during mid-day trading on Friday, reaching $18.60. The company had a trading volume of 138,917 shares, compared to its average volume of 79,324. Liquidity Services has a one year low of $13.99 and a one year high of $21.10. The stock has a market capitalization of $571.39 million, a P/E ratio of 31.00 and a beta of 1.38. The stock's 50-day simple moving average is $17.92 and its two-hundred day simple moving average is $18.00.
Insider Transactions at Liquidity Services
In other Liquidity Services news, Director George H. Ellis sold 6,000 shares of the business's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $17.50, for a total transaction of $105,000.00. Following the completion of the transaction, the director now directly owns 19,402 shares of the company's stock, valued at approximately $339,535. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 29.77% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on LQDT shares. StockNews.com raised shares of Liquidity Services from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 3rd. TheStreet cut Liquidity Services from a "b-" rating to a "c+" rating in a report on Thursday, February 8th. Finally, Barrington Research restated an "outperform" rating and issued a $27.00 price target on shares of Liquidity Services in a report on Monday.
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About Liquidity Services
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Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services in the United States and internationally. The company operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. Its marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and retail capital assets; GovDeals marketplace, which provides self-directed service solutions in which sellers list their own assets that enables local and state government entities, and commercial businesses located in the United States and Canada to sell surplus and salvage assets; and AllSurplus, a centralized marketplace that connects global buyer base with assets from across the network of marketplaces in a single destination.
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