Liquidity Services (NASDAQ:LQDT) Issues Q3 2024 Earnings Guidance

Liquidity Services (NASDAQ:LQDT) 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 -.

Analyst Upgrades and Downgrades

LQDT has been the subject of several recent analyst reports. TheStreet downgraded shares of Liquidity Services from a b- rating to a c+ rating in a research note on Thursday, February 8th. Barrington Research restated an outperform rating and set a $27.00 target price on shares of Liquidity Services in a research note on Monday. Finally, StockNews.com raised Liquidity Services from a buy rating to a strong-buy rating in a report on Friday, May 3rd.

Liquidity Services Stock Down 6.2 %

Shares of LQDT traded down $1.19 during trading hours on Thursday, reaching $18.07. 121,802 shares of the company traded hands, compared to its average volume of 129,971. The business has a fifty day moving average price of $17.89 and a 200-day moving average price of $18.00. Liquidity Services has a 12-month low of $13.99 and a 12-month high of $21.10. The stock has a market capitalization of $555.11 million, a P/E ratio of 30.32 and a beta of 1.38.

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

Insider Activity at Liquidity Services

In other Liquidity Services news, Director George H. Ellis sold 6,000 shares of the firm’s stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. 29.77% of the stock is owned by 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.