Zacks: Analysts Anticipate Quotient Technology Inc (QUOT) to Post $0.08 Earnings Per Share

Equities research analysts predict that Quotient Technology Inc (NYSE:QUOT) will post $0.08 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Quotient Technology’s earnings. The lowest EPS estimate is $0.05 and the highest is $0.10. Quotient Technology posted earnings per share of $0.05 in the same quarter last year, which would indicate a positive year-over-year growth rate of 60%. The business is expected to issue its next quarterly earnings report after the market closes on Tuesday, February 13th.

On average, analysts expect that Quotient Technology will report full year earnings of $0.15 per share for the current fiscal year, with EPS estimates ranging from $0.14 to $0.16. For the next financial year, analysts anticipate that the company will report earnings of $0.52 per share, with EPS estimates ranging from $0.45 to $0.62. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Quotient Technology.

Quotient Technology (NYSE:QUOT) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.10). Quotient Technology had a negative net margin of 5.17% and a negative return on equity of 4.96%. The business had revenue of $81.95 million for the quarter, compared to the consensus estimate of $83.24 million. During the same quarter last year, the business posted ($0.13) EPS. The business’s revenue for the quarter was up 23.3% on a year-over-year basis.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Quotient Technology from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. ValuEngine lowered shares of Quotient Technology from a “hold” rating to a “sell” rating in a research report on Thursday, November 30th. BidaskClub lowered shares of Quotient Technology from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Bank of America reaffirmed a “neutral” rating and set a $20.00 price objective (up from $15.00) on shares of Quotient Technology in a research note on Tuesday, October 10th. Finally, First Analysis assumed coverage on shares of Quotient Technology in a research note on Monday, October 9th. They set an “overweight” rating and a $21.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.14.

Quotient Technology (NYSE:QUOT) opened at $11.90 on Friday. Quotient Technology has a 12-month low of $9.10 and a 12-month high of $17.85. The firm has a market cap of $1,108.77, a PE ratio of -70.00, a PEG ratio of 5.21 and a beta of -0.14.

In other news, Director Andrew J. Gessow acquired 5,000 shares of Quotient Technology stock in a transaction on Thursday, November 16th. The stock was bought at an average cost of $12.25 per share, with a total value of $61,250.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David E. Siminoff sold 8,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $15.52, for a total transaction of $124,160.00. Following the sale, the director now directly owns 3,000 shares of the company’s stock, valued at $46,560. The disclosure for this sale can be found here. 11.46% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. lifted its position in shares of Quotient Technology by 8.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 319,259 shares of the technology company’s stock worth $3,672,000 after purchasing an additional 23,522 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Quotient Technology by 10.8% in the second quarter. Bank of New York Mellon Corp now owns 423,421 shares of the technology company’s stock worth $4,868,000 after purchasing an additional 41,328 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Quotient Technology by 12.1% in the second quarter. Legal & General Group Plc now owns 17,238 shares of the technology company’s stock worth $198,000 after purchasing an additional 1,865 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Quotient Technology by 595.8% in the second quarter. BNP Paribas Arbitrage SA now owns 9,449 shares of the technology company’s stock worth $109,000 after purchasing an additional 8,091 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Quotient Technology by 15.3% in the second quarter. Principal Financial Group Inc. now owns 14,274 shares of the technology company’s stock worth $164,000 after purchasing an additional 1,889 shares in the last quarter. 72.35% of the stock is owned by institutional investors.

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About Quotient Technology

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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