Zacks: Brokerages Anticipate Overstock.com, Inc. (NASDAQ:OSTK) to Post $0.07 EPS

Equities analysts expect Overstock.com, Inc. (NASDAQ:OSTK) to post earnings per share (EPS) of $0.07 for the current quarter, according to Zacks. Two analysts have provided estimates for Overstock.com’s earnings, with estimates ranging from ($0.06) to $0.19. Overstock.com reported earnings per share of ($0.40) in the same quarter last year, which suggests a positive year over year growth rate of 117.5%. The company is scheduled to issue its next earnings report before the market opens on Thursday, April 29th.

According to Zacks, analysts expect that Overstock.com will report full year earnings of $1.49 per share for the current year, with EPS estimates ranging from $1.37 to $1.60. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.02 per share, with EPS estimates ranging from $1.85 to $2.18. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Overstock.com.

Overstock.com (NASDAQ:OSTK) last posted its earnings results on Wednesday, February 24th. The company reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.04). The firm had revenue of $684.02 million for the quarter, compared to analysts’ expectations of $730.40 million. Overstock.com had a net margin of 0.73% and a return on equity of 6.83%.

A number of research firms recently commented on OSTK. Wedbush reiterated an “outperform” rating and issued a $95.00 target price (down from $100.00) on shares of Overstock.com in a research note on Wednesday. TheStreet raised shares of Overstock.com from a “d+” rating to a “c” rating in a report on Monday, February 8th. DA Davidson lifted their price target on Overstock.com from $103.00 to $121.00 in a research report on Thursday, February 25th. Bank of America raised Overstock.com from a “neutral” rating to a “buy” rating and set a $91.00 price objective on the stock in a report on Thursday, February 25th. Finally, Needham & Company LLC raised their price objective on Overstock.com from $98.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, March 1st. Six research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average target price of $108.00.

In other Overstock.com news, Director Barclay F. Corbus sold 1,680 shares of the company’s stock in a transaction dated Tuesday, February 16th. The shares were sold at an average price of $109.01, for a total value of $183,136.80. Following the completion of the transaction, the director now owns 49,663 shares in the company, valued at $5,413,763.63. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Joel Weight sold 2,000 shares of the stock in a transaction dated Friday, March 5th. The stock was sold at an average price of $60.94, for a total transaction of $121,880.00. Following the sale, the chief technology officer now directly owns 2,658 shares in the company, valued at $161,978.52. The disclosure for this sale can be found here. In the last three months, insiders sold 94,213 shares of company stock valued at $8,213,618. Insiders own 1.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OSTK. The Manufacturers Life Insurance Company grew its holdings in Overstock.com by 5.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 25,354 shares of the company’s stock valued at $1,216,000 after purchasing an additional 1,213 shares during the period. Globeflex Capital L P grew its stake in Overstock.com by 25.2% in the 4th quarter. Globeflex Capital L P now owns 2,811 shares of the company’s stock valued at $135,000 after acquiring an additional 566 shares during the period. ProShare Advisors LLC increased its holdings in Overstock.com by 159.2% in the 4th quarter. ProShare Advisors LLC now owns 643,038 shares of the company’s stock worth $30,847,000 after acquiring an additional 394,969 shares in the last quarter. AMJ Financial Wealth Management raised its position in Overstock.com by 0.7% during the fourth quarter. AMJ Financial Wealth Management now owns 75,457 shares of the company’s stock worth $3,620,000 after acquiring an additional 503 shares during the period. Finally, Change Path LLC purchased a new position in Overstock.com during the fourth quarter valued at $2,266,000. 65.82% of the stock is owned by institutional investors.

Shares of OSTK traded down $0.94 during midday trading on Friday, hitting $74.45. 1,017,799 shares of the company’s stock traded hands, compared to its average volume of 2,869,047. The firm’s fifty day moving average is $69.06 and its 200-day moving average is $69.56. The company has a current ratio of 1.68, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. Overstock.com has a 1 year low of $7.51 and a 1 year high of $128.50. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 354.54, a price-to-earnings-growth ratio of 2.59 and a beta of 4.40.

Overstock.com Company Profile

Overstock.com, Inc operates as an online retailer in the United States. It operates through Retail, tZERO, and Medici Ventures segments. The company offers furniture; and home décor, including area rugs, bedding and bath, home improvement, kitchen and dining items, and other related products. It also operates Supplier Oasis, a single integration point for partners to manage their products, inventory, and sales channels, as well as obtain multi-channel fulfillment services through its distribution network.

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