Zacks: Analysts Expect Quotient Technology Inc (NYSE:QUOT) Will Post Earnings of -$0.04 Per Share

Equities analysts expect that Quotient Technology Inc (NYSE:QUOT) will report earnings per share of ($0.04) for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Quotient Technology’s earnings, with the lowest EPS estimate coming in at ($0.05) and the highest estimate coming in at ($0.02). Quotient Technology posted earnings of $0.03 per share during the same quarter last year, which would indicate a negative year over year growth rate of 233.3%. The business is expected to announce its next quarterly earnings results on Tuesday, February 11th.

According to Zacks, analysts expect that Quotient Technology will report full year earnings of ($0.08) per share for the current fiscal year, with EPS estimates ranging from ($0.09) to ($0.06). For the next year, analysts forecast that the business will post earnings of $0.07 per share, with EPS estimates ranging from ($0.03) to $0.17. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Quotient Technology.

Quotient Technology (NYSE:QUOT) last released its quarterly earnings results on Wednesday, November 6th. The technology company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01. The firm had revenue of $114.83 million during the quarter, compared to analysts’ expectations of $109.73 million. Quotient Technology had a negative net margin of 7.53% and a negative return on equity of 8.79%. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.08) EPS.

Several brokerages have issued reports on QUOT. Oppenheimer set a $10.00 target price on Quotient Technology and gave the company a “buy” rating in a research report on Monday, August 12th. Craig Hallum reduced their price target on Quotient Technology from $20.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. First Analysis raised Quotient Technology from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $11.00 to $13.00 in a research note on Thursday, November 7th. ValuEngine upgraded Quotient Technology from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Finally, Dougherty & Co upgraded Quotient Technology from a “neutral” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Monday, November 18th. Two analysts have rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. Quotient Technology presently has an average rating of “Buy” and an average price target of $12.65.

Quotient Technology stock traded up $0.09 during midday trading on Friday, reaching $10.55. The stock had a trading volume of 357,832 shares, compared to its average volume of 618,804. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 0.57. The firm has a market cap of $930.83 million, a price-to-earnings ratio of -43.96 and a beta of 0.06. Quotient Technology has a 52-week low of $6.92 and a 52-week high of $12.80. The company has a fifty day moving average of $9.58 and a 200 day moving average of $9.47.

In other Quotient Technology news, insider Jason Young sold 7,500 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $8.16, for a total transaction of $61,200.00. Following the transaction, the insider now directly owns 174,916 shares in the company, valued at approximately $1,427,314.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew J. Gessow bought 5,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were purchased at an average cost of $10.50 per share, with a total value of $52,500.00. Following the completion of the transaction, the director now owns 16,619 shares in the company, valued at $174,499.50. The disclosure for this purchase can be found here. 10.00% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Advisor Group Inc. raised its holdings in shares of Quotient Technology by 16.9% in the second quarter. Advisor Group Inc. now owns 6,704 shares of the technology company’s stock valued at $72,000 after acquiring an additional 967 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Quotient Technology by 2.6% in the second quarter. Envestnet Asset Management Inc. now owns 40,971 shares of the technology company’s stock worth $440,000 after acquiring an additional 1,055 shares during the period. Metropolitan Life Insurance Co NY lifted its stake in Quotient Technology by 6.6% in the third quarter. Metropolitan Life Insurance Co NY now owns 24,422 shares of the technology company’s stock worth $191,000 after acquiring an additional 1,517 shares during the period. SG Americas Securities LLC grew its holdings in Quotient Technology by 3.7% during the 3rd quarter. SG Americas Securities LLC now owns 58,564 shares of the technology company’s stock worth $458,000 after acquiring an additional 2,101 shares in the last quarter. Finally, BB&T Securities LLC grew its holdings in Quotient Technology by 9.2% during the 3rd quarter. BB&T Securities LLC now owns 30,231 shares of the technology company’s stock worth $233,000 after acquiring an additional 2,557 shares in the last quarter. 69.15% of the stock is currently owned by institutional investors and hedge funds.

Quotient Technology Company Profile

Quotient Technology Inc, a digital marketing company, provides technology and services that offers integrated digital promotions and media programs for consumer packaged goods (CPGs) brands and retailers. The company offers programs across its network, including its flagship consumer brand Coupons.com and retail partners' properties.

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Earnings History and Estimates for Quotient Technology (NYSE:QUOT)

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