Equities analysts expect that SITO Mobile, Ltd. (NASDAQ:SITO) will post ($0.03) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for SITO Mobile’s earnings. SITO Mobile posted earnings per share of $0.03 during the same quarter last year, which suggests a negative year over year growth rate of 200%. The business is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that SITO Mobile will report full-year earnings of ($0.34) per share for the current financial year. For the next year, analysts forecast that the company will report earnings of ($0.09) per share. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that that provide coverage for SITO Mobile.

SITO Mobile (NASDAQ:SITO) last issued its quarterly earnings results on Thursday, August 17th. The Wireless communications provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.04). SITO Mobile had a negative net margin of 20.97% and a negative return on equity of 24.74%. The business had revenue of $10.80 million during the quarter, compared to analysts’ expectations of $10.75 million.

Several equities analysts recently issued reports on the company. Craig Hallum lowered SITO Mobile from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Maxim Group set a $4.00 price target on SITO Mobile and gave the company a “buy” rating in a research note on Tuesday, August 15th. Ladenburg Thalmann Financial Services restated a “buy” rating and set a $7.80 price target on shares of SITO Mobile in a research note on Wednesday, August 16th. Zacks Investment Research lowered SITO Mobile from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Finally, ValuEngine lowered SITO Mobile from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. SITO Mobile presently has a consensus rating of “Hold” and a consensus target price of $5.95.

In related news, Director Chester Petrow acquired 68,800 shares of the firm’s stock in a transaction on Thursday, August 24th. The shares were bought at an average cost of $3.98 per share, with a total value of $273,824.00. Following the completion of the acquisition, the director now owns 286,968 shares of the company’s stock, valued at $1,142,132.64. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 6.50% of the stock is currently owned by insiders.

A hedge fund recently raised its stake in SITO Mobile stock. Regentatlantic Capital LLC raised its stake in shares of SITO Mobile, Ltd. (NASDAQ:SITO) by 9.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 88,079 shares of the Wireless communications provider’s stock after purchasing an additional 7,673 shares during the quarter. Regentatlantic Capital LLC owned 0.43% of SITO Mobile worth $327,000 as of its most recent filing with the Securities and Exchange Commission. 13.83% of the stock is owned by institutional investors and hedge funds.

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SITO Mobile (SITO) traded down 2.66% on Thursday, reaching $6.95. The company’s stock had a trading volume of 168,927 shares. SITO Mobile has a 52 week low of $1.71 and a 52 week high of $7.49. The firm’s market capitalization is $152.25 million. The stock’s 50 day moving average is $5.39 and its 200-day moving average is $4.20.

About SITO Mobile

SITO Mobile, Ltd. operates a mobile location-based advertising platform serving businesses, advertisers and brands. The Company’s offerings include SITO Location-Based Advertising and SITO Mobile Messaging. SITO Location-Based Advertising delivers display advertisements and videos on behalf of advertisers, including various features, such as Geo-fencing, Verified walk-in, Behavioral Targeting, and Analytics and Optimization.

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