Overstock.com (NASDAQ:OSTK) Releases Earnings Results, Beats Estimates By $0.96 EPS
Overstock.com (NASDAQ:OSTK) released its quarterly earnings data on Thursday. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.96, MarketWatch Earnings reports. The company had revenue of $783.00 million during the quarter, compared to analyst estimates of $680.20 million. Overstock.com had a negative net margin of 2.05% and a negative return on equity of 22.36%. Overstock.com’s revenue for the quarter was up 109.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.69) EPS.
Shares of NASDAQ OSTK opened at $75.59 on Friday. The business has a fifty day moving average price of $38.43 and a 200 day moving average price of $17.22. Overstock.com has a 1-year low of $2.53 and a 1-year high of $79.42. The stock has a market capitalization of $3.05 billion, a P/E ratio of -64.06 and a beta of 3.79. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.92 and a quick ratio of 0.90.
In other Overstock.com news, insider Meghan Tuohig sold 750 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $36.20, for a total transaction of $27,150.00. Following the completion of the sale, the insider now owns 13,985 shares of the company’s stock, valued at $506,257. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert Jacob Shapiro acquired 3,000 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was purchased at an average cost of $13.00 per share, with a total value of $39,000.00. Following the completion of the purchase, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $39,000. The disclosure for this purchase can be found here. Insiders have sold a total of 7,469 shares of company stock worth $458,575 over the last ninety days. 1.30% of the stock is currently owned by corporate insiders.
Overstock.com, Inc operates as an online retailer in the United States and internationally. It operates through Retail and tZERO segments. The company offers furniture; and home décor, including rugs, bedding and bath, home improvement, kitchen items, and other related products. It also operates Worldstock Fair Trade, a store that provides handcrafted products; Pet Adoptions, a free service and portal to display pets available for adoption; and Overstock Hotels, a portal that enables customers to search and book properties within its Website.
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