Wall Street brokerages predict that Groupon Inc (NASDAQ:GRPN) will report sales of $860.58 million for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Groupon’s earnings, with the lowest sales estimate coming in at $844.50 million and the highest estimate coming in at $883.12 million. Groupon reported sales of $934.89 million in the same quarter last year, which indicates a negative year over year growth rate of 7.9%. The company is scheduled to report its next quarterly earnings results on Wednesday, February 21st.
On average, analysts expect that Groupon will report full-year sales of $860.58 million for the current fiscal year, with estimates ranging from $2.80 billion to $2.85 billion. For the next financial year, analysts expect that the business will report sales of $2.93 billion per share, with estimates ranging from $2.78 billion to $3.07 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Groupon.
Groupon (NASDAQ:GRPN) last announced its earnings results on Wednesday, November 1st. The coupon company reported $0.01 EPS for the quarter. The company had revenue of $634.46 million during 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 firm’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.01) earnings per share.
A number of equities analysts recently commented on the company. BidaskClub downgraded Groupon from a “buy” rating to a “hold” rating in a report on Friday. DA Davidson reiterated a “buy” rating on shares of Groupon in a report on Thursday, November 30th. Wedbush reiterated a “positive” rating and issued a $4.08 price objective (down previously from $4.50) on shares of Groupon in a report on Wednesday, August 23rd. Vetr upgraded Groupon from a “hold” rating to a “strong-buy” rating and set a $6.79 price objective for the company in a report on Tuesday. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $6.25 price objective (up previously from $5.50) on shares of Groupon in a report on Wednesday, November 1st. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $5.02.
Shares of Groupon (GRPN) traded down $0.03 during trading on Friday, hitting $5.28. The company had a trading volume of 10,106,815 shares, compared to its average volume of 7,869,653. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.99. Groupon has a one year low of $2.90 and a one year high of $5.99.
In related news, Director Eric P. Lefkofsky sold 1,500,000 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $5.77, for a total transaction of $8,655,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider James Sullivan sold 25,000 shares of the stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $4.90, for a total value of $122,500.00. Following the sale, the insider now directly owns 353,524 shares in the company, valued at $1,732,267.60. The disclosure for this sale can be found here. Insiders have sold 1,570,000 shares of company stock worth $9,023,950 over the last ninety days. 23.40% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. AXA purchased a new position in Groupon in the second quarter worth about $5,332,000. Nationwide Fund Advisors purchased a new position in Groupon in the second quarter worth about $1,093,000. Westpac Banking Corp purchased a new position in Groupon in the third quarter worth about $877,000. Global X MANAGEMENT CO LLC boosted its position in Groupon by 16.2% in the third quarter. Global X MANAGEMENT CO LLC now owns 559,862 shares of the coupon company’s stock worth $2,911,000 after purchasing an additional 78,027 shares during the last quarter. Finally, Quantbot Technologies LP boosted its position in Groupon by 150.3% in the second quarter. Quantbot Technologies LP now owns 300,100 shares of the coupon company’s stock worth $1,152,000 after purchasing an additional 180,200 shares during the last quarter. 60.04% of the stock is currently owned by institutional investors.
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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