Brokerages expect Quotient Technology Inc (NYSE:QUOT) to post earnings per share (EPS) of $0.05 for the current quarter, Zacks reports. Three analysts have provided estimates for Quotient Technology’s earnings. Quotient Technology reported earnings of ($0.03) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 266.7%. The business is expected to report its next earnings results on Wednesday, November 7th.
On average, analysts expect that Quotient Technology will report full-year earnings of $0.17 per share for the current financial year, with EPS estimates ranging from $0.16 to $0.18. For the next year, analysts anticipate that the business will report earnings of $0.45 per share, with EPS estimates ranging from $0.33 to $0.57. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Quotient Technology.
Quotient Technology (NYSE:QUOT) last posted its quarterly earnings results on Tuesday, July 31st. The technology company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). Quotient Technology had a negative net margin of 6.45% and a negative return on equity of 4.00%. The company had revenue of $89.55 million during the quarter, compared to analyst estimates of $88.44 million.
Several equities research analysts recently commented on the stock. ValuEngine upgraded shares of Quotient Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, May 16th. Royal Bank of Canada downgraded shares of Quotient Technology from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, August 1st. Finally, Zacks Investment Research downgraded shares of Quotient Technology from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $18.00.
In related news, insider Steven R. Boal sold 50,000 shares of Quotient Technology stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $13.98, for a total transaction of $699,000.00. Following the sale, the insider now directly owns 3,212,653 shares in the company, valued at approximately $44,912,888.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 150,000 shares of company stock worth $2,083,000. 9.50% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its holdings in Quotient Technology by 39.9% during the 1st quarter. Royal Bank of Canada now owns 36,149 shares of the technology company’s stock worth $473,000 after purchasing an additional 10,312 shares during the last quarter. Elk Creek Partners LLC raised its holdings in Quotient Technology by 26.2% during the 1st quarter. Elk Creek Partners LLC now owns 2,814,940 shares of the technology company’s stock worth $36,876,000 after purchasing an additional 583,941 shares during the last quarter. Senvest Management LLC raised its holdings in Quotient Technology by 0.8% during the 1st quarter. Senvest Management LLC now owns 6,785,227 shares of the technology company’s stock worth $88,886,000 after purchasing an additional 54,000 shares during the last quarter. Summit Creek Advisors LLC raised its holdings in Quotient Technology by 9.4% during the 2nd quarter. Summit Creek Advisors LLC now owns 444,858 shares of the technology company’s stock worth $5,828,000 after purchasing an additional 38,050 shares during the last quarter. Finally, P.A.W. Capital Corp raised its holdings in Quotient Technology by 4.3% during the 2nd quarter. P.A.W. Capital Corp now owns 240,000 shares of the technology company’s stock worth $3,144,000 after purchasing an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 75.21% of the company’s stock.
Shares of QUOT traded up $0.20 during mid-day trading on Friday, reaching $15.15. The company had a trading volume of 309,455 shares, compared to its average volume of 290,817. Quotient Technology has a 1-year low of $10.35 and a 1-year high of $17.85. The company has a current ratio of 5.28, a quick ratio of 5.28 and a debt-to-equity ratio of 0.39. The company has a market cap of $1.42 billion, a P/E ratio of -116.54 and a beta of -0.15.
About Quotient Technology
Quotient Technology Inc provides digital marketing platform that offers digital coupons and media solutions to consumer packaged goods (CPGs) brands, retailers, and shoppers in the United States. The company operates its platform across various distribution networks, reaching approximately 60 million shoppers, including the app and Website of its flagship consumer brand, Coupons.com, other owned and operated properties, and various publisher partners.
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