Wall Street brokerages forecast that Liquidity Services, Inc. (NASDAQ:LQDT) will report $64.17 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Liquidity Services’ earnings, with the highest sales estimate coming in at $69.14 million and the lowest estimate coming in at $59.20 million. Liquidity Services reported sales of $78.51 million during the same quarter last year, which would suggest a negative year over year growth rate of 18.3%. The company is expected to announce its next quarterly earnings results on Thursday, November 16th.

On average, analysts expect that Liquidity Services will report full-year sales of $64.17 million for the current fiscal year, with estimates ranging from $267.85 million to $277.79 million. For the next year, analysts expect that the business will post sales of $278.98 million per share, with estimates ranging from $277.65 million to $280.30 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Liquidity Services.

Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings results on Thursday, August 3rd. The business services provider reported ($0.22) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.03. Liquidity Services had a negative net margin of 27.52% and a negative return on equity of 16.59%. The firm had revenue of $65.50 million for the quarter, compared to the consensus estimate of $79.56 million. During the same quarter in the previous year, the firm posted $0.07 EPS. The firm’s quarterly revenue was down 23.1% on a year-over-year basis.

Several equities analysts recently commented on the stock. Robert W. Baird reiterated a “neutral” rating on shares of Liquidity Services in a research note on Monday, July 3rd. Zacks Investment Research cut shares of Liquidity Services from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Finally, ValuEngine upgraded shares of Liquidity Services from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd.

Liquidity Services (LQDT) opened at 5.75 on Wednesday. The firm’s market capitalization is $181.14 million. The firm’s 50-day moving average is $6.39 and its 200 day moving average is $7.29. Liquidity Services has a one year low of $5.75 and a one year high of $11.49.

WARNING: This piece was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international trademark and copyright law. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/08/16/64-17-million-in-sales-expected-for-liquidity-services-inc-lqdt-this-quarter.html.

Several institutional investors have recently made changes to their positions in the stock. Staley Capital Advisers Inc. boosted its position in shares of Liquidity Services by 17.4% in the first quarter. Staley Capital Advisers Inc. now owns 2,425,000 shares of the business services provider’s stock worth $19,400,000 after buying an additional 360,000 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Liquidity Services by 22.0% in the second quarter. Renaissance Technologies LLC now owns 1,981,239 shares of the business services provider’s stock worth $12,581,000 after buying an additional 357,240 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Liquidity Services by 19.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 753,862 shares of the business services provider’s stock worth $7,350,000 after buying an additional 125,213 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Liquidity Services by 5.7% in the first quarter. Vanguard Group Inc. now owns 1,309,668 shares of the business services provider’s stock worth $10,477,000 after buying an additional 71,139 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Liquidity Services by 6.0% in the fourth quarter. State Street Corp now owns 680,126 shares of the business services provider’s stock worth $6,635,000 after buying an additional 38,642 shares in the last quarter. Institutional investors own 66.27% of the company’s stock.

About Liquidity Services

Liquidity Services, Inc operates a network of e-commerce marketplaces that enable buyers and sellers to transact in an automated environment. The Company employs e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government clients. The Company’s marketplaces provide professional buyers access to a global supply of new, surplus and scrap assets presented with digital images and other relevant product information.

Get a free copy of the Zacks research report on Liquidity Services (LQDT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Liquidity Services (NASDAQ:LQDT)

Receive News & Ratings for Liquidity Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liquidity Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.