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Liquidity Services, Inc. (NASDAQ:LQDT) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.13-0.19 for the period, compared to the Thomson Reuters consensus estimate of $0.28, Stock Ratings reports.

Several analysts have recently commented on the stock. Analysts at Benchmark Co. downgraded shares of Liquidity Services from a buy rating to a hold rating in a research note on Thursday, June 5th. They now have a $16.00 price target on the stock, down previously from $29.00. On a related note, analysts at Zacks downgraded shares of Liquidity Services from a neutral rating to an underperform rating in a research note on Monday, May 19th. They now have a $13.20 price target on the stock. Finally, analysts at Oppenheimer reiterated a market perform rating on shares of Liquidity Services in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. Liquidity Services presently has an average rating of Hold and an average price target of $18.03.

Liquidity Services, Inc. (NASDAQ:LQDT) traded down 0.30% on Thursday, hitting $13.18. 161,657 shares of the company’s stock traded hands. Liquidity Services, Inc. has a 52 week low of $12.05 and a 52 week high of $38.31. The stock’s 50-day moving average is $14.42 and its 200-day moving average is $18.91. The company has a market cap of $422.7 million and a P/E ratio of 12.46.

Liquidity Services (NASDAQ:LQDT) last announced its earnings results on Thursday, August 7th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.04. The company had revenue of $127.00 million for the quarter, compared to the consensus estimate of $122.90 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. On average, analysts predict that Liquidity Services, Inc. will post $1.12 earnings per share for the current fiscal year.

Liquidity Services, Inc is an auction marketplace for surplus and salvage assets. The Company enables buyers and sellers to transact in an automated online auction environment offering over 500 product categories.

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