Liquidity Services (NASDAQ:LQDT - Get Free Report) issued an update on its third quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.200-0.280 for the period, compared to the consensus EPS estimate of 0.320. The company issued revenue guidance of -.
Liquidity Services Stock Performance
Shares of Liquidity Services stock traded down $0.53 during trading hours on Thursday, reaching $18.73. 234,868 shares of the company were exchanged, compared to its average volume of 131,313. Liquidity Services has a 1 year low of $13.99 and a 1 year high of $21.10. The stock's fifty day moving average is $17.89 and its 200 day moving average is $18.00. The firm has a market cap of $575.39 million, a PE ratio of 30.32 and a beta of 1.38.
Liquidity Services (NASDAQ:LQDT - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.02). Liquidity Services had a return on equity of 17.62% and a net margin of 6.03%. The company had revenue of $71.33 million for the quarter.
Analysts Set New Price Targets
Several equities analysts recently commented on the company. TheStreet lowered Liquidity Services from a b- rating to a c+ rating in a report on Thursday, February 8th. StockNews.com raised Liquidity Services from a buy rating to a strong-buy rating in a report on Friday, May 3rd. Finally, Barrington Research restated an outperform rating and issued a $27.00 price objective on shares of Liquidity Services in a research note on Monday.
Get Our Latest Analysis on Liquidity Services
Insider Buying and Selling
In related news, Director George H. Ellis sold 6,000 shares of the 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 $339,535. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 29.77% of the stock is currently owned by corporate insiders.
About Liquidity Services
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Get Free Report)
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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