Wall Street brokerages expect that Liquidity Services, Inc. (NASDAQ:LQDT) will report $64.17 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Liquidity Services’ earnings. The lowest sales estimate is $59.20 million and the highest is $69.14 million. Liquidity Services reported sales of $78.51 million during the same quarter last year, which indicates a negative year over year growth rate of 18.3%. The business is expected to announce its next earnings report after the market closes on Tuesday, December 5th.

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 financial year, analysts forecast that the business will report sales of $278.98 million per share, with estimates ranging from $277.65 million to $280.30 million. Zacks’ sales averages are an average based on a survey of research analysts that follow Liquidity Services.

LQDT has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Liquidity Services from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. ValuEngine raised shares of Liquidity Services from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st.

Liquidity Services (LQDT) opened at $5.60 on Wednesday. Liquidity Services has a 12 month low of $5.20 and a 12 month high of $10.50.

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In related news, insider James M. Rallo sold 11,054 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $5.62, for a total value of $62,123.48. Following the completion of the sale, the insider now directly owns 11,054 shares of the company’s stock, valued at $62,123.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider James M. Rallo sold 15,270 shares of the business’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $5.80, for a total transaction of $88,566.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,869 shares of company stock valued at $200,250. Corporate insiders own 22.30% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Robotti Robert lifted its position in Liquidity Services by 4.5% in the second quarter. Robotti Robert now owns 415,194 shares of the business services provider’s stock valued at $2,488,000 after acquiring an additional 18,000 shares during the last quarter. Morgan Stanley lifted its position in Liquidity Services by 3.3% in the first quarter. Morgan Stanley now owns 240,482 shares of the business services provider’s stock valued at $1,924,000 after acquiring an additional 7,731 shares during the last quarter. Bank of America Corp DE lifted its position in Liquidity Services by 94.6% in the first quarter. Bank of America Corp DE now owns 40,679 shares of the business services provider’s stock valued at $326,000 after acquiring an additional 19,771 shares during the last quarter. Texas Permanent School Fund lifted its position in Liquidity Services by 1.2% in the second quarter. Texas Permanent School Fund now owns 17,931 shares of the business services provider’s stock valued at $114,000 after acquiring an additional 204 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in 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 valued at $10,477,000 after acquiring an additional 71,139 shares during the last quarter. 67.02% of the stock is owned by hedge funds and other institutional investors.

Liquidity Services Company Profile

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.

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

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