Analysts Anticipate Quotient Technology Inc (QUOT) Will Post Quarterly Sales of $92.48 Million

Brokerages predict that Quotient Technology Inc (NYSE:QUOT) will post $92.48 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Quotient Technology’s earnings. The lowest sales estimate is $92.29 million and the highest is $92.77 million. Quotient Technology reported sales of $75.42 million in the same quarter last year, which indicates a positive year over year growth rate of 22.6%. The company is scheduled to report its next quarterly earnings report after the market closes on Thursday, February 8th.

According to Zacks, analysts expect that Quotient Technology will report full-year sales of $92.48 million for the current financial year, with estimates ranging from $321.31 million to $321.79 million. For the next financial year, analysts forecast that the firm will report sales of $389.20 million per share, with estimates ranging from $385.46 million to $395.41 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Quotient Technology.

Quotient Technology (NYSE:QUOT) last announced its earnings results on Wednesday, November 1st. The technology company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.10). Quotient Technology had a negative return on equity of 4.96% and a negative net margin of 5.17%. The business had revenue of $81.95 million for the quarter, compared to analysts’ expectations of $83.24 million. During the same quarter last year, the firm earned ($0.13) earnings per share. The firm’s quarterly revenue was up 23.3% compared to the same quarter last year.

Several brokerages recently weighed in on QUOT. Bank of America restated a “neutral” rating and set a $20.00 target price (up from $15.00) on shares of Quotient Technology in a research note on Tuesday, October 10th. First Analysis began coverage on Quotient Technology in a research note on Monday, October 9th. They set an “overweight” rating and a $21.00 price target on the stock. Dougherty & Co reiterated a “buy” rating and set a $20.00 price target (up previously from $16.00) on shares of Quotient Technology in a research note on Wednesday, October 4th. BidaskClub downgraded Quotient Technology from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 18th. Finally, Zacks Investment Research downgraded Quotient Technology from a “hold” rating to a “sell” rating in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $18.14.

Shares of Quotient Technology (NYSE:QUOT) traded down $0.10 during mid-day trading on Friday, reaching $11.95. The company had a trading volume of 181,498 shares, compared to its average volume of 599,850. Quotient Technology has a 1 year low of $9.10 and a 1 year high of $17.85. The stock has a market cap of $1,110.00, a P/E ratio of -70.29, a price-to-earnings-growth ratio of 5.25 and a beta of -0.13.

In other news, Chairman Steven R. Boal sold 149,202 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $16.96, for a total value of $2,530,465.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Andrew J. Gessow bought 5,000 shares of the stock in a transaction dated Thursday, November 16th. The stock was bought at an average price of $12.25 per share, for a total transaction of $61,250.00. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 366,984 shares of company stock worth $6,216,724. Company insiders own 11.46% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of QUOT. Schwab Charles Investment Management Inc. boosted its stake in shares of Quotient Technology by 8.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 319,259 shares of the technology company’s stock worth $3,672,000 after buying an additional 23,522 shares during the last quarter. Rhumbline Advisers raised its holdings in Quotient Technology by 15.0% in the 2nd quarter. Rhumbline Advisers now owns 82,906 shares of the technology company’s stock worth $953,000 after purchasing an additional 10,795 shares during the period. Bank of New York Mellon Corp raised its holdings in Quotient Technology by 10.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 423,421 shares of the technology company’s stock worth $4,868,000 after purchasing an additional 41,328 shares during the period. Legal & General Group Plc raised its holdings in Quotient Technology by 12.1% in the 2nd quarter. Legal & General Group Plc now owns 17,238 shares of the technology company’s stock worth $198,000 after purchasing an additional 1,865 shares during the period. Finally, BNP Paribas Arbitrage SA raised its holdings in Quotient Technology by 595.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,449 shares of the technology company’s stock worth $109,000 after purchasing an additional 8,091 shares during the period. Hedge funds and other institutional investors own 72.24% of the company’s stock.

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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.

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