Wall Street analysts predict that Quotient Technology Inc (NYSE:QUOT) will announce earnings per share of $0.05 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Quotient Technology’s earnings. Quotient Technology posted earnings per share of ($0.03) in the same quarter last year, which indicates a positive year over year growth rate of 266.7%. The firm 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 fiscal year, analysts expect that the firm will post earnings of $0.45 per share, with EPS estimates ranging from $0.33 to $0.57. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Quotient Technology.
Quotient Technology (NYSE:QUOT) last issued its quarterly earnings results on Tuesday, July 31st. The technology company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The firm had revenue of $89.55 million during the quarter, compared to the consensus estimate of $88.44 million. Quotient Technology had a negative net margin of 6.45% and a negative return on equity of 4.00%.
A number of analysts have recently commented on the company. Zacks Investment Research lowered Quotient Technology from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. ValuEngine upgraded Quotient Technology from a “hold” rating to a “buy” rating in a report on Wednesday, May 16th. Royal Bank of Canada restated a “buy” rating and issued a $17.00 price target on shares of Quotient Technology in a report on Sunday, April 29th. Finally, William Blair reiterated an “outperform” rating on shares of Quotient Technology in a report on Monday, April 16th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $18.00.
Shares of Quotient Technology traded up $0.30, reaching $14.60, during trading on Friday, Marketbeat reports. The stock had a trading volume of 260,038 shares, compared to its average volume of 444,692. Quotient Technology has a 52 week low of $10.35 and a 52 week high of $17.85. The company has a debt-to-equity ratio of 0.39, a quick ratio of 6.42 and a current ratio of 5.28.
In related news, insider Steven R. Boal sold 50,000 shares of the company’s stock in a transaction dated Monday, July 16th. The stock was sold at an average price of $14.13, for a total transaction of $706,500.00. Following the sale, the insider now owns 3,262,653 shares in the company, valued at $46,101,286.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 150,000 shares of company stock worth $2,051,000 in the last quarter. 9.50% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE increased its position in Quotient Technology by 12.4% during the second quarter. US Bancorp DE now owns 39,430 shares of the technology company’s stock worth $517,000 after buying an additional 4,348 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in Quotient Technology by 39.7% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 16,978 shares of the technology company’s stock worth $222,000 after buying an additional 4,823 shares during the last quarter. Rhumbline Advisers increased its position in Quotient Technology by 7.8% during the second quarter. Rhumbline Advisers now owns 76,446 shares of the technology company’s stock worth $1,001,000 after buying an additional 5,520 shares during the last quarter. ClariVest Asset Management LLC increased its position in Quotient Technology by 11.2% during the second quarter. ClariVest Asset Management LLC now owns 65,300 shares of the technology company’s stock worth $855,000 after buying an additional 6,600 shares during the last quarter. Finally, Cornerstone Wealth Management LLC acquired a new position in Quotient Technology during the second quarter worth approximately $553,000. Institutional investors and hedge funds own 74.83% of the company’s stock.
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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