Overstock.com (OSTK) to Release Quarterly Earnings on Monday

Overstock.com (NASDAQ:OSTK) is set to announce its Q3 earnings results after the market closes on Monday, January 29th.

Overstock.com (NASDAQ:OSTK) last announced its earnings results on Wednesday, November 8th. The company reported ($0.03) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.06. The company had revenue of $424.00 million during the quarter, compared to analyst estimates of $452.60 million. Overstock.com had a negative net margin of 0.61% and a negative return on equity of 4.95%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, analysts expect Overstock.com to post $0 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Overstock.com (OSTK) opened at $77.65 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.78 and a current ratio of 0.86. The firm has a market cap of $1,943.06, a PE ratio of -180.58 and a beta of 1.36. Overstock.com has a 12 month low of $13.75 and a 12 month high of $89.80.

Several research firms have recently commented on OSTK. DA Davidson raised their price objective on shares of Overstock.com from $28.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, September 28th. BidaskClub lowered shares of Overstock.com from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th.

In other news, insider Jonathan E. Johnson III sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $46.80, for a total value of $187,200.00. Following the completion of the transaction, the insider now owns 44,092 shares of the company’s stock, valued at $2,063,505.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Amit Goyal sold 2,762 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $55.49, for a total transaction of $153,263.38. The disclosure for this sale can be found here. In the last three months, insiders sold 24,386 shares of company stock valued at $1,279,021. Insiders own 28.90% of the company’s stock.

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About Overstock.com

Overstock.com, Inc is an online retailer and incubator of blockchain technology. Through its online retail business, the Company offers a range of price-competitive brand name, non-brand name and closeout products, including furniture, home decor, bedding and bath, housewares, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods.

Earnings History for Overstock.com (NASDAQ:OSTK)

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