Equities analysts expect Groupon (NASDAQ:GRPN) to announce sales of $628.33 million for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Groupon’s earnings. The highest sales estimate is $632.21 million and the lowest is $610.89 million. Groupon reported sales of $662.62 million during the same quarter last year, which indicates a negative year over year growth rate of 5.2%. The company is scheduled to announce its next quarterly earnings results on Wednesday, August 1st.
According to Zacks, analysts expect that Groupon will report full year sales of $2.64 billion for the current fiscal year, with estimates ranging from $2.57 billion to $2.69 billion. For the next financial year, analysts forecast that the business will post sales of $2.66 billion per share, with estimates ranging from $2.42 billion to $2.75 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Groupon.
Groupon (NASDAQ:GRPN) last posted its quarterly earnings results on Wednesday, May 9th. The coupon company reported $0.03 earnings per share for the quarter. The company had revenue of $626.54 million for the quarter, compared to the consensus estimate of $604.16 million. Groupon had a return on equity of 6.53% and a net margin of 1.13%. The firm’s quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.01 EPS.
Several analysts recently commented on GRPN shares. Barclays reaffirmed a “sell” rating and set a $4.75 price objective on shares of Groupon in a research note on Friday, May 11th. ValuEngine raised Groupon from a “sell” rating to a “hold” rating in a research note on Friday, May 11th. Zacks Investment Research downgraded Groupon from a “hold” rating to a “sell” rating in a research note on Monday, February 12th. UBS Group raised Groupon from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $2.90 to $5.99 in a research note on Thursday, May 10th. Finally, BidaskClub raised Groupon from a “hold” rating to a “buy” rating in a research note on Wednesday, April 18th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Groupon presently has a consensus rating of “Hold” and an average target price of $5.32.
In other Groupon news, CAO Brian Stevens sold 15,000 shares of Groupon stock in a transaction dated Thursday, May 24th. The stock was sold at an average price of $4.62, for a total value of $69,300.00. Following the sale, the chief accounting officer now owns 220,484 shares of the company’s stock, valued at approximately $1,018,636.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 16.90% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. River & Mercantile Asset Management LLP raised its stake in shares of Groupon by 1.4% in the 1st quarter. River & Mercantile Asset Management LLP now owns 823,976 shares of the coupon company’s stock valued at $3,572,000 after purchasing an additional 11,516 shares during the period. MetLife Investment Advisors LLC raised its stake in shares of Groupon by 8.3% in the 1st quarter. MetLife Investment Advisors LLC now owns 153,692 shares of the coupon company’s stock valued at $667,000 after purchasing an additional 11,764 shares during the period. Baker Avenue Asset Management LP raised its stake in shares of Groupon by 5.7% in the 1st quarter. Baker Avenue Asset Management LP now owns 244,639 shares of the coupon company’s stock valued at $1,062,000 after purchasing an additional 13,173 shares during the period. Commerzbank Aktiengesellschaft FI raised its stake in shares of Groupon by 4.0% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 414,695 shares of the coupon company’s stock valued at $1,800,000 after purchasing an additional 16,107 shares during the period. Finally, Swiss National Bank raised its stake in shares of Groupon by 2.5% in the 1st quarter. Swiss National Bank now owns 726,266 shares of the coupon company’s stock valued at $3,152,000 after purchasing an additional 17,400 shares during the period. 65.25% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Groupon traded up $0.05, reaching $4.65, during trading hours on Monday, Marketbeat Ratings reports. The company had a trading volume of 7,412,631 shares, compared to its average volume of 8,711,300. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.55. The company has a market cap of $2.63 billion, a P/E ratio of -155.00, a price-to-earnings-growth ratio of 8.31 and a beta of 1.34. Groupon has a 1-year low of $2.90 and a 1-year high of $5.99.
Groupon announced that its board has initiated a stock buyback plan on Wednesday, May 9th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the coupon company to reacquire up to 11% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
Groupon Company Profile
Groupon, Inc operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelries, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals.
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