Equities analysts forecast that Groupon, Inc. (NASDAQ:GRPN) will report earnings per share (EPS) of $0.09 for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Groupon’s earnings. The highest EPS estimate is $0.10 and the lowest is $0.06. Groupon posted earnings of $0.07 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 28.6%. The firm is scheduled to announce its next earnings report on Wednesday, February 21st.
According to Zacks, analysts expect that Groupon will report full-year earnings of $0.13 per share for the current fiscal year, with EPS estimates ranging from $0.10 to $0.16. For the next year, analysts anticipate that the firm will post earnings of $0.20 per share, with EPS estimates ranging from $0.10 to $0.27. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that that provide coverage for Groupon.
Groupon (NASDAQ:GRPN) last released its earnings results on Wednesday, November 1st. The coupon company reported $0.01 earnings per share for the quarter. The business had revenue of $634.46 million for the quarter, compared to the consensus estimate of $642.62 million. Groupon had a negative return on equity of 1.47% and a negative net margin of 2.97%. The business’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.01) earnings per share.
Several equities analysts have recently weighed in on GRPN shares. B. Riley restated a “buy” rating and issued a $5.50 target price on shares of Groupon in a research report on Thursday, August 3rd. Cowen and Company upgraded Groupon from an “underperform” rating to a “market perform” rating and lifted their price objective for the stock from $2.90 to $5.38 in a research report on Monday, October 16th. Piper Jaffray Companies reiterated an “overweight” rating and set a $6.25 price objective (up previously from $5.50) on shares of Groupon in a research report on Wednesday, November 1st. Zacks Investment Research upgraded Groupon from a “hold” rating to a “strong-buy” rating and set a $6.25 price objective on the stock in a research report on Monday. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $4.00 price objective on shares of Groupon in a research report on Thursday, October 19th. Seven research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Groupon currently has an average rating of “Hold” and a consensus price target of $4.94.
Groupon (GRPN) traded down $0.12 during midday trading on Tuesday, hitting $5.49. The stock had a trading volume of 4,057,843 shares, compared to its average volume of 8,667,088. Groupon has a 1-year low of $2.90 and a 1-year high of $5.67. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.99.
In other Groupon news, insider James Sullivan sold 25,000 shares of Groupon stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $4.90, for a total transaction of $122,500.00. Following the completion of the sale, the insider now directly owns 353,524 shares of the company’s stock, valued at approximately $1,732,267.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Brian Stevens sold 10,000 shares of Groupon stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $4.04, for a total value of $40,400.00. Following the sale, the chief accounting officer now directly owns 215,696 shares of the company’s stock, valued at $871,411.84. The disclosure for this sale can be found here. Insiders have sold a total of 2,310,000 shares of company stock valued at $10,146,900 over the last three months. 23.40% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Pictet Asset Management Ltd. purchased a new stake in shares of Groupon in the 3rd quarter valued at about $37,704,000. First Trust Advisors LP lifted its holdings in shares of Groupon by 43.4% in the 2nd quarter. First Trust Advisors LP now owns 16,324,191 shares of the coupon company’s stock valued at $62,685,000 after purchasing an additional 4,937,648 shares during the last quarter. SG Capital Management LLC purchased a new stake in shares of Groupon in the 3rd quarter valued at about $16,741,000. State Street Corp lifted its holdings in shares of Groupon by 38.2% in the 2nd quarter. State Street Corp now owns 8,827,043 shares of the coupon company’s stock valued at $33,898,000 after purchasing an additional 2,440,783 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Groupon by 8.1% in the 2nd quarter. Vanguard Group Inc. now owns 32,453,440 shares of the coupon company’s stock valued at $124,620,000 after purchasing an additional 2,430,907 shares during the last quarter. 57.10% of the stock is owned by institutional investors.
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Groupon Company Profile
Groupon, Inc operates online local commerce marketplaces around the world that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America, which represents the United States and Canada; EMEA, which consists of Europe, and the Middle East and Africa, and the remainder of its international operations (Rest of World).
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