Wall Street analysts expect that Quotient Technology Inc (NYSE:QUOT) will report sales of $117.34 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Quotient Technology’s earnings, with the lowest sales estimate coming in at $116.85 million and the highest estimate coming in at $117.68 million. Quotient Technology reported sales of $93.09 million during the same quarter last year, which indicates a positive year over year growth rate of 26.1%. The firm is scheduled to issue its next earnings results on Tuesday, February 12th.
According to Zacks, analysts expect that Quotient Technology will report full-year sales of $397.24 million for the current fiscal year, with estimates ranging from $396.75 million to $397.58 million. For the next fiscal year, analysts anticipate that the business will report sales of $489.83 million, with estimates ranging from $482.93 million to $495.33 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Quotient Technology.
Quotient Technology (NYSE:QUOT) last announced its earnings results on Wednesday, November 7th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.04). Quotient Technology had a negative net margin of 5.27% and a negative return on equity of 3.11%. The business had revenue of $103.60 million during the quarter, compared to analyst estimates of $102.99 million. During the same period in the previous year, the company earned ($0.12) earnings per share. The business’s revenue for the quarter was up 26.3% on a year-over-year basis.
QUOT has been the topic of a number of recent analyst reports. ValuEngine raised Quotient Technology from a “hold” rating to a “buy” rating in a research report on Saturday, September 1st. Zacks Investment Research lowered Quotient Technology from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. One research analyst has 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. Quotient Technology has a consensus rating of “Buy” and a consensus target price of $17.00.
Shares of QUOT opened at $12.46 on Friday. Quotient Technology has a 52-week low of $10.35 and a 52-week high of $15.98. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -95.85 and a beta of 0.17. The company has a current ratio of 6.27, a quick ratio of 6.27 and a debt-to-equity ratio of 0.40.
In related news, insider Steven R. Boal sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 16th. The stock was sold at an average price of $13.07, for a total transaction of $653,500.00. Following the sale, the insider now directly owns 3,118,672 shares of the company’s stock, valued at approximately $40,761,043.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 150,000 shares of company stock worth $2,060,500. Corporate insiders own 9.50% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Cornerstone Wealth Management LLC acquired a new stake in shares of Quotient Technology during the 2nd quarter valued at approximately $553,000. Sei Investments Co. acquired a new stake in shares of Quotient Technology during the 2nd quarter valued at approximately $150,000. Glenmede Trust Co. NA raised its position in shares of Quotient Technology by 55.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 13,840 shares of the technology company’s stock valued at $213,000 after acquiring an additional 4,930 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of Quotient Technology by 119.1% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 13,847 shares of the technology company’s stock valued at $215,000 after acquiring an additional 7,528 shares in the last quarter. Finally, BB&T Securities LLC acquired a new stake in shares of Quotient Technology during the 2nd quarter valued at approximately $193,000. 75.29% of the stock is currently owned by institutional investors and hedge funds.
Quotient Technology Company Profile
Quotient Technology Inc provides digital marketing platform that offers digital coupons and media solutions to consumer packaged goods (CPGs) brands, retailers, and shoppers in the United States. The company operates its platform across various distribution networks, reaching approximately 60 million shoppers, including the app and Website of its flagship consumer brand, Coupons.com, other owned and operated properties, and various publisher partners.
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