Equities research analysts expect that Groupon (NASDAQ:GRPN) will announce $604.84 million in sales for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Groupon’s earnings, with estimates ranging from $595.34 million to $652.85 million. Groupon posted sales of $673.63 million during the same quarter last year, which suggests a negative year-over-year growth rate of 10.2%. The business is scheduled to issue its next quarterly earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that Groupon will report full-year sales of $2.65 billion for the current financial year, with estimates ranging from $2.58 billion to $2.93 billion. For the next fiscal year, analysts expect that the business will report sales of $2.69 billion per share, with estimates ranging from $2.47 billion to $2.97 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Groupon.
Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Wednesday, February 14th. The coupon company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02). Groupon had a return on equity of 0.22% and a net margin of 0.49%. The company had revenue of $873.17 million for the quarter, compared to analyst estimates of $853.13 million. During the same quarter last year, the company earned $0.07 EPS. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis.
Several research analysts recently weighed in on the stock. Goldman Sachs restated a “neutral” rating and set a $4.80 price target on shares of Groupon in a research report on Thursday, February 15th. BidaskClub downgraded shares of Groupon from a “hold” rating to a “sell” rating in a research report on Saturday, February 17th. JPMorgan Chase reduced their price target on shares of Groupon from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, February 15th. Zacks Investment Research upgraded shares of Groupon from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, Morgan Stanley upgraded shares of Groupon from an “underweight” rating to an “equal weight” rating and reduced their price target for the stock from $4.27 to $4.00 in a research report on Monday, March 5th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $5.06.
In other news, Director Eric P. Lefkofsky sold 1,500,000 shares of the stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $4.60, for a total value of $6,900,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Brian Stevens sold 15,000 shares of the stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $4.61, for a total transaction of $69,150.00. Following the completion of the sale, the chief accounting officer now directly owns 232,751 shares of the company’s stock, valued at approximately $1,072,982.11. The disclosure for this sale can be found here. 23.40% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Paloma Partners Management Co purchased a new stake in shares of Groupon in the 4th quarter valued at approximately $110,000. US Bancorp DE purchased a new stake in shares of Groupon in the 4th quarter valued at approximately $133,000. North Star Investment Management Corp. purchased a new stake in shares of Groupon in the 4th quarter valued at approximately $153,000. ETRADE Capital Management LLC purchased a new stake in shares of Groupon in the 4th quarter valued at approximately $157,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in shares of Groupon in the 4th quarter valued at approximately $192,000. 63.58% of the stock is owned by institutional investors and hedge funds.
Shares of GRPN traded down $0.12 during mid-day trading on Friday, hitting $4.64. 4,016,876 shares of the company were exchanged, compared to its average volume of 8,816,036. Groupon has a 1-year low of $2.90 and a 1-year high of $5.99. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.75. The company has a market cap of $2,712.20, a PE ratio of -154.67, a price-to-earnings-growth ratio of 21.67 and a beta of 1.40.
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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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