Zacks: Analysts Anticipate Groupon Inc Common Stock (GRPN) Will Post Quarterly Sales of $630.77 Million

Equities analysts predict that Groupon Inc Common Stock (NASDAQ:GRPN) will announce $630.77 million in sales for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Groupon Inc Common Stock’s earnings. The highest sales estimate is $632.21 million and the lowest is $629.70 million. Groupon Inc Common Stock reported sales of $662.62 million during the same quarter last year, which would indicate a negative year over year growth rate of 4.8%. The company is expected to issue its next earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that Groupon Inc Common Stock will report full-year sales of $2.65 billion for the current financial year, with estimates ranging from $2.60 billion to $2.71 billion. For the next financial year, analysts expect that the firm will report sales of $2.67 billion per share, with estimates ranging from $2.55 billion to $2.72 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Groupon Inc Common Stock.

Groupon Inc Common Stock (NASDAQ:GRPN) last issued its earnings results on Friday, August 3rd. The coupon company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The business had revenue of $617.40 million during the quarter, compared to analyst estimates of $632.20 million. Groupon Inc Common Stock had a negative net margin of 1.97% and a negative return on equity of 27.12%. Groupon Inc Common Stock’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.02 EPS.

GRPN has been the topic of a number of research reports. Morgan Stanley increased their price objective on Groupon Inc Common Stock from $4.60 to $4.80 and gave the stock an “equal weight” rating in a report on Wednesday, July 11th. ValuEngine upgraded Groupon Inc Common Stock from a “sell” rating to a “hold” rating in a report on Friday, May 11th. BidaskClub downgraded Groupon Inc Common Stock from a “buy” rating to a “hold” rating in a report on Thursday, June 28th. Barclays restated a “sell” rating and issued a $4.75 price objective on shares of Groupon Inc Common Stock in a report on Friday, May 11th. Finally, Zacks Investment Research downgraded Groupon Inc Common Stock from a “buy” rating to a “hold” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, five have given 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 a consensus price target of $5.54.

In other Groupon Inc Common Stock news, CAO Brian Stevens sold 15,000 shares of the stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $4.62, for a total transaction of $69,300.00. Following the transaction, the chief accounting officer now owns 220,484 shares in the company, valued at $1,018,636.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of the stock in a transaction that occurred on Thursday, June 7th. The shares were sold at an average price of $4.60, for a total value of $6,900,000.00. The disclosure for this sale can be found here. Company insiders own 16.90% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted its position in shares of Groupon Inc Common Stock by 115.2% in the second quarter. Envestnet Asset Management Inc. now owns 32,063 shares of the coupon company’s stock valued at $138,000 after acquiring an additional 17,167 shares during the period. United Services Automobile Association boosted its position in shares of Groupon Inc Common Stock by 1,876.4% in the second quarter. United Services Automobile Association now owns 1,199,711 shares of the coupon company’s stock valued at $62,913,000 after acquiring an additional 1,139,010 shares during the period. Commerzbank Aktiengesellschaft FI boosted its position in shares of Groupon Inc Common Stock by 32.5% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 549,482 shares of the coupon company’s stock valued at $2,363,000 after acquiring an additional 134,787 shares during the period. NumerixS Investment Technologies Inc bought a new stake in shares of Groupon Inc Common Stock in the second quarter valued at approximately $375,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Groupon Inc Common Stock in the second quarter valued at approximately $268,000. Institutional investors own 64.87% of the company’s stock.

Groupon Inc Common Stock opened at $4.35 on Monday, MarketBeat.com reports. Groupon Inc Common Stock has a 52 week low of $3.80 and a 52 week high of $5.99. The company has a market capitalization of $2.54 billion, a P/E ratio of -145.00, a PEG ratio of 27.88 and a beta of 1.47. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.05 and a current ratio of 0.92.

Groupon Inc Common Stock declared that its Board of Directors has approved a stock repurchase plan on Wednesday, May 9th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the coupon company to reacquire up to 11% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

About Groupon Inc Common Stock

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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