Equities research analysts expect Overstock.com, Inc. (NASDAQ:OSTK – Get Rating) to announce earnings of $0.23 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Overstock.com’s earnings. The lowest EPS estimate is $0.15 and the highest is $0.32. Overstock.com posted earnings per share of $0.56 in the same quarter last year, which indicates a negative year-over-year growth rate of 58.9%. The business is expected to announce its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Overstock.com will report full-year earnings of $2.32 per share for the current year, with EPS estimates ranging from $2.11 to $2.43. For the next financial year, analysts forecast that the business will report earnings of $2.94 per share, with EPS estimates ranging from $2.68 to $3.33. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Overstock.com.
Overstock.com (NASDAQ:OSTK – Get Rating) last released its quarterly earnings data on Wednesday, February 23rd. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.04. Overstock.com had a net margin of 14.13% and a return on equity of 23.39%. The company had revenue of $612.70 million during the quarter, compared to analysts’ expectations of $643.99 million. During the same period in the previous year, the company earned $0.26 EPS. The firm’s quarterly revenue was down 8.5% on a year-over-year basis.
Shares of NASDAQ:OSTK traded down $0.21 during midday trading on Tuesday, reaching $39.99. The company’s stock had a trading volume of 1,734,088 shares, compared to its average volume of 2,509,750. The stock has a fifty day moving average of $47.78 and a 200 day moving average of $65.23. Overstock.com has a twelve month low of $35.67 and a twelve month high of $111.28. The firm has a market capitalization of $1.91 billion, a PE ratio of 4.93, a P/E/G ratio of 1.08 and a beta of 3.92. The company has a quick ratio of 2.01, a current ratio of 2.03 and a debt-to-equity ratio of 0.05.
In other Overstock.com news, insider Eric Glen Nickle sold 1,000 shares of the business’s stock in a transaction on Monday, April 11th. The stock was sold at an average price of $40.03, for a total value of $40,030.00. Following the transaction, the insider now owns 12,979 shares of the company’s stock, valued at $519,549.37. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President David J. Nielsen sold 7,200 shares of the company’s stock in a transaction on Thursday, February 24th. The shares were sold at an average price of $50.05, for a total value of $360,360.00. The disclosure for this sale can be found here. Insiders have sold a total of 19,569 shares of company stock valued at $899,645 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Wiley BROS. Aintree Capital LLC boosted its holdings in shares of Overstock.com by 34.6% during the 1st quarter. Wiley BROS. Aintree Capital LLC now owns 19,410 shares of the company’s stock valued at $854,000 after acquiring an additional 4,985 shares in the last quarter. Meixler Investment Management Ltd. bought a new stake in Overstock.com during the 4th quarter worth approximately $979,000. Norges Bank purchased a new position in shares of Overstock.com in the 4th quarter worth approximately $9,032,000. BlackRock Inc. lifted its stake in Overstock.com by 2.7% in the fourth quarter. BlackRock Inc. now owns 3,529,797 shares of the company’s stock valued at $208,295,000 after purchasing an additional 94,069 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Overstock.com by 20.4% in the fourth quarter. Wells Fargo & Company MN now owns 69,269 shares of the company’s stock valued at $4,089,000 after purchasing an additional 11,727 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.
About Overstock.com (Get Rating)
Overstock.com, Inc operates as an online retailer in the United States. The company offers furniture, dÃ©cor, area rug, bedding and bath, home improvement, outdoor, and kitchen and dining items. It provides its products and services through its internet websites comprising overstock.com, o.co, overstock.ca, and overstockgovernment.com.
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