Quotient Technology (NYSE:QUOT) Posts Earnings Results, Beats Estimates By $0.04 EPS

Quotient Technology (NYSE:QUOT) posted its quarterly earnings results on Wednesday. The technology company reported ($0.11) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.04, Briefing.com reports. Quotient Technology had a negative return on equity of 8.79% and a negative net margin of 7.53%. The firm had revenue of $118.50 million during the quarter, compared to analyst estimates of $109.64 million. During the same period last year, the company earned ($0.05) earnings per share. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. Quotient Technology updated its FY 2020
After-Hours guidance to EPS and its Q1 2020
After-Hours guidance to EPS.

NYSE:QUOT traded down $0.12 during trading hours on Friday, hitting $9.94. 3,380 shares of the company’s stock traded hands, compared to its average volume of 345,482. The firm has a market cap of $949.51 million, a P/E ratio of -28.37 and a beta of -0.04. Quotient Technology has a 52 week low of $6.92 and a 52 week high of $11.99. The business’s fifty day simple moving average is $10.17 and its two-hundred day simple moving average is $9.26. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 0.57.

A number of equities analysts have recently commented on QUOT shares. Zacks Investment Research raised Quotient Technology from a “sell” rating to a “hold” rating in a report on Saturday, January 4th. First Analysis raised Quotient Technology from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $11.00 to $13.00 in a report on Thursday, November 7th. Morgan Stanley initiated coverage on Quotient Technology in a research note on Thursday, December 19th. They set an “underweight” rating and a $8.00 price objective for the company. Dougherty & Co raised Quotient Technology from a “neutral” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Monday, November 18th. Finally, ValuEngine lowered Quotient Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Quotient Technology presently has a consensus rating of “Hold” and a consensus price target of $11.21.

In related news, insider Connie L. Chen sold 12,431 shares of Quotient Technology stock in a transaction on Friday, December 20th. The stock was sold at an average price of $9.84, for a total transaction of $122,321.04. Following the completion of the sale, the insider now owns 260,573 shares of the company’s stock, valued at $2,564,038.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jason Young sold 7,500 shares of Quotient Technology stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $10.90, for a total value of $81,750.00. Following the sale, the insider now directly owns 162,477 shares of the company’s stock, valued at approximately $1,770,999.30. The disclosure for this sale can be found here. Insiders have sold 29,931 shares of company stock valued at $301,771 in the last three months. 10.00% of the stock is owned by corporate insiders.

About Quotient Technology

Quotient Technology Inc, a digital marketing company, provides technology and services that offers integrated digital promotions and media programs for consumer packaged goods (CPGs) brands and retailers. The company offers programs across its network, including its flagship consumer brand Coupons.com and retail partners' properties.

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Earnings History for Quotient Technology (NYSE:QUOT)

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