Brokerages Anticipate LivePerson, Inc. (NASDAQ:LPSN) to Post -$0.11 Earnings Per Share
Equities research analysts expect that LivePerson, Inc. (NASDAQ:LPSN) will post earnings per share of ($0.11) for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for LivePerson’s earnings, with the highest EPS estimate coming in at ($0.09) and the lowest estimate coming in at ($0.16). LivePerson posted earnings of $0.01 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 1,200%. The business is expected to issue its next quarterly earnings report after the market closes on Wednesday, July 31st.
According to Zacks, analysts expect that LivePerson will report full-year earnings of ($0.12) per share for the current financial year, with EPS estimates ranging from ($0.20) to ($0.06). For the next financial year, analysts expect that the company will report earnings of $0.07 per share, with EPS estimates ranging from $0.00 to $0.13. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow LivePerson.
LivePerson (NASDAQ:LPSN) last announced its quarterly earnings results on Thursday, May 2nd. The technology company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.06). LivePerson had a negative net margin of 15.78% and a negative return on equity of 13.56%. The firm had revenue of $66.40 million during the quarter, compared to analysts’ expectations of $66.14 million.
In other LivePerson news, SVP Daryl Carlough sold 16,164 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $27.71, for a total value of $447,904.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Monica L. Greenberg sold 23,601 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $27.29, for a total value of $644,071.29. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,578 shares of company stock worth $1,250,900. Corporate insiders own 9.70% of the company’s stock.
A number of large investors have recently modified their holdings of LPSN. Artisan Partners Limited Partnership boosted its stake in LivePerson by 87.0% in the 1st quarter. Artisan Partners Limited Partnership now owns 1,464,855 shares of the technology company’s stock worth $42,510,000 after buying an additional 681,616 shares during the last quarter. Granite Investment Partners LLC acquired a new stake in LivePerson in the 1st quarter worth about $13,648,000. Millennium Management LLC boosted its stake in LivePerson by 576.4% in the 4th quarter. Millennium Management LLC now owns 518,954 shares of the technology company’s stock worth $9,787,000 after buying an additional 442,231 shares during the last quarter. Gilder Gagnon Howe & Co. LLC boosted its stake in LivePerson by 10.7% in the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 3,381,722 shares of the technology company’s stock worth $98,138,000 after buying an additional 327,580 shares during the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in LivePerson in the 4th quarter worth about $4,515,000. 83.88% of the stock is currently owned by hedge funds and other institutional investors.
Shares of LPSN stock traded up $0.16 during mid-day trading on Friday, reaching $32.15. The stock had a trading volume of 504,042 shares, compared to its average volume of 520,730. LivePerson has a 12-month low of $16.98 and a 12-month high of $32.70. The firm has a market capitalization of $2.07 billion, a P/E ratio of -139.78 and a beta of 1.08. The firm’s 50-day moving average is $28.41. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.75 and a current ratio of 2.75.
LivePerson Company Profile
LivePerson, Inc provides conversational commerce solutions. The company operates in two segments, Business and Consumer. The Business segment enables brands to leverage LiveEngage's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.
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