Wall Street analysts expect Fluent Inc (NASDAQ:FLNT) to post earnings per share of $0.06 for the current quarter, according to Zacks. Two analysts have issued estimates for Fluent’s earnings, with estimates ranging from $0.04 to $0.07. Fluent reported earnings per share of ($0.10) during the same quarter last year, which would indicate a positive year over year growth rate of 160%. The business is scheduled to issue its next earnings report on Wednesday, March 13th.
According to Zacks, analysts expect that Fluent will report full year earnings of $0.09 per share for the current year. For the next fiscal year, analysts expect that the company will post earnings of $0.21 per share, with EPS estimates ranging from $0.20 to $0.21. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Fluent.
Fluent (NASDAQ:FLNT) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.02. The firm had revenue of $66.54 million during the quarter, compared to analyst estimates of $60.52 million. Fluent had a negative net margin of 10.70% and a positive return on equity of 1.61%.
Several equities analysts have recently weighed in on FLNT shares. Zacks Investment Research lowered shares of Fluent from a “buy” rating to a “hold” rating in a report on Friday, January 4th. ValuEngine raised shares of Fluent from a “hold” rating to a “buy” rating in a research report on Saturday, January 5th. Barrington Research restated a “buy” rating and issued a $4.00 price objective on shares of Fluent in a report on Thursday, November 8th. Finally, TheStreet upgraded shares of Fluent from a “d+” rating to a “c” rating in a report on Friday, November 23rd.
FLNT traded up $0.18 during trading on Wednesday, reaching $4.36. 2,492 shares of the company’s stock were exchanged, compared to its average volume of 432,452. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $323.00 million, a PE ratio of -5.86, a P/E/G ratio of 0.52 and a beta of 0.37. Fluent has a 1 year low of $1.89 and a 1 year high of $4.58.
In other news, insider Matthew Conlin acquired 130,714 shares of the firm’s stock in a transaction dated Friday, December 14th. The stock was acquired at an average cost of $3.50 per share, with a total value of $457,499.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 18.70% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the business. Weber Alan W acquired a new stake in shares of Fluent during the third quarter valued at $4,726,000. BlackRock Inc. boosted its stake in Fluent by 1.0% in the 3rd quarter. BlackRock Inc. now owns 1,676,214 shares of the company’s stock worth $3,603,000 after buying an additional 16,508 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of Fluent by 1.7% in the 3rd quarter. Vanguard Group Inc now owns 1,384,474 shares of the company’s stock worth $2,976,000 after purchasing an additional 22,553 shares during the period. Vanguard Group Inc. raised its holdings in shares of Fluent by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,384,474 shares of the company’s stock worth $2,976,000 after purchasing an additional 22,553 shares during the period. Finally, Northern Trust Corp purchased a new position in shares of Fluent in the 2nd quarter worth about $859,000. Hedge funds and other institutional investors own 15.73% of the company’s stock.
Fluent, Inc provides data-driven performance marketing and customer acquisition services primarily in the United States. It develops custom audiences and operates performance marketing campaigns on behalf of advertising partners. The company offers data acquisition solutions that include Connect, which enables marketers to acquire consumer data and marketing consent across its network of proprietary Websites; and ReConnect that enables marketers offer consumers the ability to opt into marketing programs outside of the confines of own Websites.
Featured Article: Diversification in Investing
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Fluent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fluent and related companies with MarketBeat.com's FREE daily email newsletter.