Zacks: Analysts Anticipate Quotient Technology Inc. (QUOT) Will Post Quarterly Sales of $82.95 Million
Wall Street analysts expect Quotient Technology Inc. (NYSE:QUOT) to announce $82.95 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Quotient Technology’s earnings, with the lowest sales estimate coming in at $82.66 million and the highest estimate coming in at $83.21 million. Quotient Technology posted sales of $66.47 million in the same quarter last year, which suggests a positive year-over-year growth rate of 24.8%. The firm is expected to issue its next earnings results on Tuesday, November 7th.
On average, analysts expect that Quotient Technology will report full-year sales of $82.95 million for the current financial year, with estimates ranging from $321.40 million to $322.29 million. For the next year, analysts forecast that the business will report sales of $382.63 million per share, with estimates ranging from $378.86 million to $385.52 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Quotient Technology.
Quotient Technology (NYSE:QUOT) last released its quarterly earnings data on Tuesday, August 1st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. The firm had revenue of $74.49 million for the quarter, compared to analysts’ expectations of $73.72 million. Quotient Technology had a negative net margin of 5.61% and a negative return on equity of 2.92%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.04) earnings per share.
Several analysts recently issued reports on the company. First Analysis assumed coverage on Quotient Technology in a report on Monday. They set an “overweight” rating and a $21.00 price objective for the company. Bank of America Corporation reiterated a “neutral” rating and set a $20.00 price objective (up from $15.00) on shares of Quotient Technology in a report on Tuesday. Dougherty & Co reiterated a “buy” rating and set a $20.00 price objective (up from $16.00) on shares of Quotient Technology in a report on Wednesday, October 4th. BidaskClub upgraded Quotient Technology from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 16th. Finally, DA Davidson assumed coverage on Quotient Technology in a report on Wednesday, September 13th. They set a “buy” rating and a $18.00 price objective for the company. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $17.88.
Shares of Quotient Technology (QUOT) opened at 17.55 on Friday. The stock’s 50 day moving average is $15.88 and its 200 day moving average is $12.62. The company’s market cap is $1.62 billion. Quotient Technology has a 52-week low of $9.10 and a 52-week high of $17.85.
In other Quotient Technology news, CEO Steven R. Boal sold 40,000 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $11.71, for a total transaction of $468,400.00. Following the transaction, the chief executive officer now directly owns 1,008,823 shares in the company, valued at $11,813,317.33. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Steven R. Boal sold 411,799 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $16.78, for a total value of $6,909,987.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,095,523 shares of company stock worth $16,668,395. Corporate insiders own 11.99% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of QUOT. Nationwide Fund Advisors raised its holdings in Quotient Technology by 4.0% during the first quarter. Nationwide Fund Advisors now owns 75,761 shares of the technology company’s stock valued at $724,000 after buying an additional 2,940 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Quotient Technology by 1.6% during the first quarter. Wells Fargo & Company MN now owns 49,331 shares of the technology company’s stock valued at $472,000 after buying an additional 763 shares in the last quarter. Swiss National Bank raised its holdings in Quotient Technology by 4.3% during the first quarter. Swiss National Bank now owns 116,100 shares of the technology company’s stock valued at $1,109,000 after buying an additional 4,800 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in Quotient Technology by 7.9% during the first quarter. Parametric Portfolio Associates LLC now owns 16,005 shares of the technology company’s stock valued at $153,000 after buying an additional 1,168 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Quotient Technology by 0.3% during the first quarter. Envestnet Asset Management Inc. now owns 20,203 shares of the technology company’s stock valued at $193,000 after buying an additional 63 shares in the last quarter. Institutional investors own 71.27% of the company’s stock.
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Quotient Technology Company Profile
Quotient Technology Inc is a provider of digital platform that enables consumer packaged goods (CPG) brands and retailers to engage shoppers through personalized and targeted promotions and media. Through the Company’s platform, CPGs and retailers are able to use online and in-store point-of-sale (POS) shopper data and analytics.
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