Liquidity Services (NASDAQ:LQDT) Updates Q3 2022 Earnings Guidance

Liquidity Services (NASDAQ:LQDTGet Rating) updated its third quarter 2022 earnings guidance on Monday. The company provided earnings per share guidance of $0.16-$0.25 for the period. The company issued revenue guidance of -.

Separately, StockNews.com started coverage on Liquidity Services in a report on Thursday, March 31st. They issued a buy rating for the company.

Shares of Liquidity Services stock traded down $0.46 on Monday, hitting $12.38. The stock had a trading volume of 6,917 shares, compared to its average volume of 209,676. The business has a 50 day moving average price of $17.09. The firm has a market cap of $439.38 million, a PE ratio of 7.93 and a beta of 1.22. Liquidity Services has a 52-week low of $12.61 and a 52-week high of $30.00.

Liquidity Services (NASDAQ:LQDTGet Rating) last issued its earnings results on Thursday, February 3rd. The business services provider reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.11. The business had revenue of $66.71 million during the quarter. Liquidity Services had a return on equity of 23.28% and a net margin of 20.64%.

In other Liquidity Services news, insider John Daunt sold 4,594 shares of the stock in a transaction on Thursday, March 31st. The stock was sold at an average price of $17.85, for a total transaction of $82,002.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 29.33% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the business. BlackRock Inc. lifted its stake in shares of Liquidity Services by 1.0% during the 4th quarter. BlackRock Inc. now owns 4,012,295 shares of the business services provider’s stock worth $88,592,000 after purchasing an additional 38,634 shares during the period. Geode Capital Management LLC grew its stake in shares of Liquidity Services by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 463,282 shares of the business services provider’s stock valued at $10,229,000 after acquiring an additional 3,044 shares in the last quarter. Morgan Stanley grew its stake in shares of Liquidity Services by 73.5% during the second quarter. Morgan Stanley now owns 255,528 shares of the business services provider’s stock valued at $6,503,000 after acquiring an additional 108,246 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Liquidity Services by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 188,046 shares of the business services provider’s stock worth $4,152,000 after purchasing an additional 1,692 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Liquidity Services by 28.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 128,759 shares of the business services provider’s stock worth $2,843,000 after purchasing an additional 28,867 shares in the last quarter. Hedge funds and other institutional investors own 67.53% of the company’s stock.

About Liquidity Services (Get Rating)

Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services. It operates through four segments: Retail Supply Chain Group, Capital Assets Group, GovDeals, and Machinio. The company's 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.

Featured Stories

Receive News & Ratings for Liquidity Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liquidity Services and related companies with MarketBeat.com's FREE daily email newsletter.