Liquidity Services Inc. (NASDAQ:LQDT) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.39-0.43 for the period, compared to the Thomson Reuters consensus estimate of $0.46, Stock Ratings Network reports. Liquidity Services also updated its FY13 guidance to $1.72-1.76 EPS.
Liquidity Services Inc. (NASDAQ:LQDT) opened at 29.00 on Thursday. Liquidity Services Inc. has a 1-year low of $27.26 and a 1-year high of $57.42. The stock’s 50-day moving average is currently $31.31. The company has a market cap of $917.1 million and a price-to-earnings ratio of 23.93.
Liquidity Services (NASDAQ:LQDT) last released its earnings data on Tuesday, August 6th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.51. On average, analysts predict that Liquidity Services Inc. will post $1.78 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on LQDT shares. Analysts at RBC Capital downgraded shares of Liquidity Services from an outperform rating to a sector perform rating in a research note to investors on Wednesday. On a related note, analysts at Benchmark Co. cut their price target on shares of Liquidity Services from $47.00 to $40.00 in a research note to investors on Tuesday. They now have a buy rating on the stock.
Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Liquidity Services has a consensus rating of Hold and a consensus price target of $36.32.
Liquidity Services, Inc is an auction marketplace for surplus and salvage assets. The Company enables buyers and sellers to transact in an automated online auction environment offering over 500 product categories.
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