QuinStreet, Inc. (NASDAQ:QNST) Expected to Post Earnings of $0.12 Per Share

Equities analysts expect that QuinStreet, Inc. (NASDAQ:QNST) will post $0.12 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for QuinStreet’s earnings, with the lowest EPS estimate coming in at $0.09 and the highest estimate coming in at $0.14. QuinStreet posted earnings per share of $0.13 in the same quarter last year, which suggests a negative year over year growth rate of 7.7%. The company is expected to issue its next quarterly earnings results on Wednesday, February 2nd.

According to Zacks, analysts expect that QuinStreet will report full-year earnings of $0.82 per share for the current fiscal year, with EPS estimates ranging from $0.76 to $0.85. For the next fiscal year, analysts anticipate that the business will post earnings of $1.01 per share, with EPS estimates ranging from $0.98 to $1.06. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow QuinStreet.

QuinStreet (NASDAQ:QNST) last issued its earnings results on Wednesday, November 3rd. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.01. QuinStreet had a return on equity of 4.25% and a net margin of 2.07%. The firm had revenue of $159.61 million for the quarter, compared to analyst estimates of $151.99 million. During the same period in the previous year, the company posted $0.27 earnings per share.

QNST has been the topic of a number of analyst reports. Barrington Research reiterated a “buy” rating and set a $24.00 price objective on shares of QuinStreet in a research note on Thursday, November 4th. Zacks Investment Research upgraded QuinStreet from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Tuesday. Finally, TheStreet lowered QuinStreet from a “b-” rating to a “c” rating in a research note on Thursday, November 4th.

Shares of NASDAQ:QNST traded down $0.10 during midday trading on Thursday, reaching $15.96. 254,287 shares of the company traded hands, compared to its average volume of 316,697. QuinStreet has a 12 month low of $13.23 and a 12 month high of $25.99. The company has a market capitalization of $865.70 million, a price-to-earnings ratio of 69.39 and a beta of 0.73. The business’s fifty day moving average price is $17.09.

In related news, CFO Gregory Wong sold 7,471 shares of the firm’s stock in a transaction that occurred on Monday, November 15th. The stock was sold at an average price of $17.04, for a total transaction of $127,305.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas Valenti sold 31,509 shares of the stock in a transaction on Friday, October 1st. The shares were sold at an average price of $17.87, for a total value of $563,065.83. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,164 shares of company stock valued at $2,395,997. Company insiders own 6.80% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp boosted its stake in QuinStreet by 2.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 484,570 shares of the technology company’s stock valued at $8,509,000 after purchasing an additional 13,733 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in QuinStreet by 177.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 48,519 shares of the technology company’s stock valued at $852,000 after purchasing an additional 31,028 shares during the last quarter. Janus Henderson Group PLC purchased a new position in shares of QuinStreet in the 3rd quarter worth $202,000. Jane Street Group LLC purchased a new position in shares of QuinStreet in the 3rd quarter worth $186,000. Finally, Squarepoint Ops LLC boosted its stake in shares of QuinStreet by 19.5% in the 3rd quarter. Squarepoint Ops LLC now owns 71,899 shares of the technology company’s stock worth $1,263,000 after buying an additional 11,748 shares during the last quarter. Institutional investors and hedge funds own 86.75% of the company’s stock.

About QuinStreet

QuinStreet, Inc engages in the provision of media management services. It operates through the United States and International geographical segments. Its platform offers performance marketing products based from number of clicks, inquiries, calls, applications, and full customer acquisitions. The company was founded by Douglas Valenti on April 16, 1999 and is headquartered in Foster City, CA.

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