Heritage Global (NASDAQ:HGBL) Issues Quarterly Earnings Results

Heritage Global (NASDAQ:HGBLGet Free Report) released its quarterly earnings results on Thursday. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.06), Zacks reports. The business had revenue of $10.77 million during the quarter, compared to the consensus estimate of $12.30 million. Heritage Global had a return on equity of 16.05% and a net margin of 20.60%.

Heritage Global Price Performance

Shares of NASDAQ HGBL opened at $2.36 on Friday. The firm has a fifty day moving average price of $2.11 and a 200-day moving average price of $1.83. The stock has a market cap of $88.12 million, a PE ratio of 8.43 and a beta of 1.22. Heritage Global has a 1 year low of $1.52 and a 1 year high of $3.02.

Analyst Ratings Changes

Separately, Lake Street Capital reduced their price objective on shares of Heritage Global from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Friday.

Read Our Latest Research Report on HGBL

About Heritage Global

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Heritage Global Inc, together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions. The company operates in three segments: Auction and Liquidation, Refurbishment & Resale, and Brokerage. It provides a suite of market making, acquisitions, refurbishment, dispositions, valuations, and secured lending services.

See Also

Earnings History for Heritage Global (NASDAQ:HGBL)

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