Liquidity Services (LQDT) Set to Announce Earnings on Thursday

Liquidity Services (NASDAQ:LQDT) will be posting its quarterly earnings results before the market opens on Thursday, May 9th. Liquidity Services has set its Q2 2024 guidance at 0.170-0.270 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The company had revenue of $71.33 million for the quarter. Liquidity Services had a net margin of 6.03% and a return on equity of 17.62%.

Liquidity Services Price Performance

NASDAQ:LQDT opened at $17.94 on Tuesday. The firm’s 50-day moving average price is $17.84 and its 200-day moving average price is $18.01. The company has a market capitalization of $551.10 million, a PE ratio of 29.90 and a beta of 1.38. Liquidity Services has a 1-year low of $12.97 and a 1-year high of $21.10.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $27.00 target price on shares of Liquidity Services in a research report on Monday. TheStreet downgraded shares of Liquidity Services from a “b-” rating to a “c+” rating in a research report on Thursday, February 8th. Finally, StockNews.com raised shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a research report on Friday.

Insider Buying and Selling

In related news, Director George H. Ellis sold 6,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $17.50, for a total value of $105,000.00. Following the transaction, the director now owns 19,402 shares in the company, valued at approximately $339,535. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 29.77% of the stock is currently owned by company insiders.

Liquidity Services Company Profile

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.