Liquidity Services (NASDAQ:LQDT) Updates Q3 2024 Earnings Guidance

Liquidity Services (NASDAQ:LQDT) updated its third quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.200-0.280 for the period, compared to the consensus EPS estimate of 0.320. The company issued revenue guidance of -.

Analyst Ratings Changes

Several research analysts have commented on LQDT shares. Barrington Research reissued an outperform rating and set a $27.00 target price on shares of Liquidity Services in a research note on Monday. TheStreet downgraded shares of Liquidity Services from a b- rating to a c+ rating in a research note on Thursday, February 8th. Finally, StockNews.com raised shares of Liquidity Services from a buy rating to a strong-buy rating in a research note on Friday, May 3rd.

Liquidity Services Stock Down 6.2 %

Shares of LQDT stock traded down $1.19 during mid-day trading on Thursday, reaching $18.07. 121,802 shares of the stock traded hands, compared to its average volume of 129,971. The company has a market cap of $555.11 million, a price-to-earnings ratio of 30.32 and a beta of 1.38. The stock’s fifty day simple moving average is $17.89 and its two-hundred day simple moving average is $18.00. Liquidity Services has a 1-year low of $13.99 and a 1-year high of $21.10.

Liquidity Services (NASDAQ:LQDT) last posted its earnings results on Thursday, February 8th. The business services provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). Liquidity Services had a return on equity of 17.62% and a net margin of 6.03%. The business had revenue of $71.33 million for the quarter.

Insider Activity at Liquidity Services

In related news, Director George H. Ellis sold 6,000 shares of Liquidity Services stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $17.50, for a total value of $105,000.00. Following the transaction, the director now directly owns 19,402 shares of the company’s stock, valued at $339,535. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 29.77% of the stock is currently owned by company insiders.

About Liquidity Services

Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services in the United States and internationally. The company operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. Its marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and retail capital assets; GovDeals marketplace, which provides self-directed service solutions in which sellers list their own assets that enables local and state government entities, and commercial businesses located in the United States and Canada to sell surplus and salvage assets; and AllSurplus, a centralized marketplace that connects global buyer base with assets from across the network of marketplaces in a single destination.