Latest Stocks: Analysts Expect Quotient Technology Inc (QUOT) Will Announce Quarterly Sales of $73.73 Million

Latest Stocks: Analysts Expect Quotient Technology Inc (QUOT) Will Announce Quarterly Sales of $73.73 Million

Analysts expect that Quotient Technology Inc (NYSE:QUOT) will report $73.73 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Quotient Technology’s earnings. The lowest sales estimate is $72.32 million and the highest is $74.88 million. Quotient Technology reported sales of $67.25 million in the same quarter last year, which indicates a positive year over year growth rate of 9.6%. The business is scheduled to announce its next earnings results on Tuesday, August 1st.

According to Zacks, analysts expect that Quotient Technology will report full-year sales of $73.73 million for the current fiscal year, with estimates ranging from $311.63 million to $316.54 million. For the next financial year, analysts forecast that the firm will post sales of $361.08 million per share, with estimates ranging from $354.3 million to $365 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Quotient Technology.

Quotient Technology (NYSE:QUOT) last issued its quarterly earnings results on Tuesday, May 2nd. The technology company reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.02. Quotient Technology had a negative net margin of 7.08% and a negative return on equity of 3.81%. The company had revenue of $72.58 million during the quarter, compared to analyst estimates of $71.95 million. A number of research analysts recently weighed in on QUOT shares. Bank of America Corp upgraded shares of Quotient Technology from a “neutral” rating to a “buy” rating in a research report on Monday, April 17th. TheStreet downgraded shares of Quotient Technology from a “c” rating to a “d+” rating in a research report on Tuesday, May 2nd. Maxim Group restated a “buy” rating and set a $15.00 price objective on shares of Quotient Technology in a research report on Wednesday, May 3rd. Royal Bank of Canada increased their price objective on shares of Quotient Technology to $17.00 in a research report on Friday, February 10th. Finally, Zacks Investment Research downgraded shares of Quotient Technology from a “buy” rating to a “hold” rating in a research report on Saturday, February 18th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $15.50.

In other Quotient Technology news, major shareholder John Howard Burbank III sold 111,378 shares of the company’s stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $12.95, for a total transaction of $1,442,345.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Steven R. Boal sold 60,105 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $11.39, for a total transaction of $684,595.95. Following the sale, the chief executive officer now directly owns 1,208,823 shares of the company’s stock, valued at $13,768,493.97. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 218,367 shares of company stock valued at $2,644,484. 11.99% of the stock is owned by corporate insiders. A number of hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its stake in shares of Quotient Technology by 24.6% in the third quarter. Bank of New York Mellon Corp now owns 364,596 shares of the technology company’s stock worth $4,852,000 after buying an additional 71,977 shares during the period. Granite Investment Partners LLC boosted its stake in shares of Quotient Technology by 91.5% in the third quarter. Granite Investment Partners LLC now owns 1,125,219 shares of the technology company’s stock worth $14,976,000 after buying an additional 537,696 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Quotient Technology by 48.3% in the third quarter. New York State Common Retirement Fund now owns 181,161 shares of the technology company’s stock worth $2,411,000 after buying an additional 59,042 shares during the period. Suntrust Banks Inc. boosted its stake in shares of Quotient Technology by 32.2% in the third quarter. Suntrust Banks Inc. now owns 25,311 shares of the technology company’s stock worth $336,000 after buying an additional 6,166 shares during the period. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Quotient Technology during the fourth quarter worth about $518,000. 69.88% of the stock is owned by institutional investors and hedge funds.

In other Quotient Technology news, major shareholder John Howard Burbank III sold 111,378 shares of the company’s stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $12.95, for a total transaction of $1,442,345.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Steven R. Boal sold 60,105 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $11.39, for a total transaction of $684,595.95. Following the sale, the chief executive officer now directly owns 1,208,823 shares of the company’s stock, valued at $13,768,493.97. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 218,367 shares of company stock valued at $2,644,484. 11.99% of the stock is owned by corporate insiders. Shares of Quotient Technology (NYSE:QUOT) traded down 1.569% during midday trading on Wednesday, hitting $10.975. 243,868 shares of the stock traded hands. Quotient Technology has a 52 week low of $9.10 and a 52 week high of $14.36. The company’s 50-day moving average is $10.47 and its 200 day moving average is $11.08. The firm’s market capitalization is $991.84 million.

Quotient Technology Company Profile Quotient Technology Inc is a provider of digital platform that enables consumer packaged goods (CPG) brands and retailers to engage shoppers through personalized and targeted promotions and media. Through the Company’s platform, CPGs and retailers are able to use online and in-store point-of-sale (POS) shopper data and analytics.

Get a free copy of the Zacks research report on Quotient Technology (QUOT) For more information about research offerings from Zacks Investment Research, visit Zacks.com

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