Brokerages Anticipate Leaf Group Ltd (LFGR) Will Post Quarterly Sales of $27.59 Million
Brokerages expect Leaf Group Ltd (NASDAQ:LFGR) to report sales of $27.59 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Leaf Group’s earnings, with estimates ranging from $26.40 million to $28.59 million. Leaf Group posted sales of $24.44 million during the same quarter last year, which suggests a positive year-over-year growth rate of 12.9%. The company is scheduled to report its next earnings report on Thursday, August 3rd.
On average, analysts expect that Leaf Group will report full-year sales of $27.59 million for the current fiscal year, with estimates ranging from $124.62 million to $132.25 million. For the next financial year, analysts expect that the company will post sales of $146.57 million per share, with estimates ranging from $140.70 million to $154.16 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Leaf Group.
Leaf Group (NASDAQ:LFGR) last announced its quarterly earnings data on Thursday, May 4th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by $0.19. The company had revenue of $27.23 million during the quarter, compared to analyst estimates of $26.53 million. Leaf Group had a negative return on equity of 53.54% and a negative net margin of 36.78%. The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.59) EPS.
Several research firms have recently issued reports on LFGR. B. Riley reissued a “buy” rating and set a $10.50 target price on shares of Leaf Group in a report on Wednesday, May 10th. Craig Hallum set a $12.00 price objective on Leaf Group and gave the company a “buy” rating in a research note on Saturday, June 17th. Zacks Investment Research raised Leaf Group from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $9.00 price objective on shares of Leaf Group in a research note on Friday, June 23rd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $10.04.
A number of institutional investors have recently bought and sold shares of the stock. Emerald Mutual Fund Advisers Trust purchased a new position in Leaf Group during the first quarter valued at approximately $905,000. Punch & Associates Investment Management Inc. increased its position in Leaf Group by 1.5% in the first quarter. Punch & Associates Investment Management Inc. now owns 589,205 shares of the company’s stock valued at $4,419,000 after buying an additional 8,605 shares in the last quarter. Royce & Associates LP increased its position in Leaf Group by 1.4% in the first quarter. Royce & Associates LP now owns 967,216 shares of the company’s stock valued at $7,254,000 after buying an additional 13,193 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Leaf Group by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,148,315 shares of the company’s stock valued at $8,612,000 after buying an additional 24,397 shares in the last quarter. Finally, Oak Management Corp purchased a new position in Leaf Group during the fourth quarter valued at approximately $29,390,000.
Shares of Leaf Group (NASDAQ:LFGR) opened at 7.65 on Friday. The firm’s market cap is $154.09 million. Leaf Group has a 52 week low of $5.20 and a 52 week high of $9.35. The stock has a 50 day moving average of $8.10 and a 200 day moving average of $7.63.
About Leaf Group
Leaf Group Ltd., formerly Demand Media, Inc, is diversified Internet marketplaces and media company. The Company has online media properties and marketplace platforms that enable communities of creators to reach audiences in lifestyle categories. The Company operates an online studio platform for the professional creation and distribution of content, as well as two online artist marketplaces.
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