Zacks: Brokerages Anticipate Quotient Technology Inc (QUOT) to Post $0.08 EPS

Analysts forecast that Quotient Technology Inc (NYSE:QUOT) will report earnings per share (EPS) of $0.08 for the current quarter, Zacks reports. Three analysts have issued estimates for Quotient Technology’s earnings, with estimates ranging from $0.07 to $0.09. Quotient Technology reported earnings per share of $0.11 in the same quarter last year, which would suggest a negative year-over-year growth rate of 27.3%. The company is scheduled to issue its next earnings results on Tuesday, February 12th.

On average, analysts expect that Quotient Technology will report full year earnings of $0.08 per share for the current year. For the next financial year, analysts forecast that the company will report earnings of $0.33 per share, with EPS estimates ranging from $0.27 to $0.38. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Quotient Technology.

Quotient Technology (NYSE:QUOT) last issued its earnings results on Wednesday, November 7th. The technology company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.04). The business had revenue of $103.60 million for the quarter, compared to analyst estimates of $102.99 million. Quotient Technology had a negative return on equity of 3.11% and a negative net margin of 5.27%. The firm’s revenue was up 26.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.12) EPS.

Several research analysts have commented on QUOT shares. ValuEngine raised Quotient Technology from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Zacks Investment Research raised Quotient Technology from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Quotient Technology presently has a consensus rating of “Buy” and an average target price of $17.00.

In other news, insider Steven R. Boal sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $11.41, for a total value of $570,500.00. Following the completion of the transaction, the insider now owns 3,423,628 shares of the company’s stock, valued at $39,063,595.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Chad Summe sold 2,903 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $12.42, for a total value of $36,055.26. Following the completion of the transaction, the chief operating officer now directly owns 125,454 shares of the company’s stock, valued at approximately $1,558,138.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 152,903 shares of company stock valued at $1,892,055. Insiders own 9.50% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in QUOT. Sei Investments Co. acquired a new position in shares of Quotient Technology in the second quarter valued at approximately $150,000. Rhumbline Advisers increased its stake in shares of Quotient Technology by 7.8% in the second quarter. Rhumbline Advisers now owns 76,446 shares of the technology company’s stock valued at $1,001,000 after buying an additional 5,520 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Quotient Technology by 29.4% in the second quarter. Bank of New York Mellon Corp now owns 546,408 shares of the technology company’s stock valued at $7,158,000 after buying an additional 124,103 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Quotient Technology by 12.8% in the second quarter. Russell Investments Group Ltd. now owns 224,850 shares of the technology company’s stock valued at $2,945,000 after buying an additional 25,530 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Quotient Technology by 4.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 403,305 shares of the technology company’s stock valued at $5,284,000 after buying an additional 18,998 shares during the period. 76.39% of the stock is owned by institutional investors.

Shares of NYSE QUOT opened at $11.35 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 6.27 and a quick ratio of 6.27. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -87.31 and a beta of 0.36. Quotient Technology has a 12 month low of $10.08 and a 12 month high of $15.98.

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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