Overstock.com (NASDAQ:OSTK) Issues Earnings Results

Overstock.com (NASDAQ:OSTK) announced its quarterly earnings results on Thursday. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.96, MarketWatch Earnings reports. Overstock.com had a negative return on equity of 22.36% and a negative net margin of 2.05%. The company had revenue of $783.00 million during the quarter, compared to analyst estimates of $680.20 million. During the same quarter in the previous year, the firm posted ($0.69) EPS. The firm’s quarterly revenue was up 109.8% on a year-over-year basis.

Shares of OSTK traded down $0.60 during midday trading on Friday, reaching $75.59. The stock had a trading volume of 7,376,568 shares, compared to its average volume of 5,621,433. Overstock.com has a 52 week low of $2.53 and a 52 week high of $79.42. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.92 and a quick ratio of 0.90. The firm’s 50 day moving average price is $38.43 and its 200-day moving average price is $17.22. The company has a market capitalization of $3.05 billion, a P/E ratio of -64.06 and a beta of 3.79.

In related news, Director Robert Jacob Shapiro bought 3,000 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were bought at an average cost of $13.00 per share, with a total value of $39,000.00. Following the completion of the transaction, the director now directly owns 3,000 shares of the company’s stock, valued at $39,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Meghan Tuohig sold 4,469 shares of the business’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $75.00, for a total value of $335,175.00. Following the sale, the insider now directly owns 5,766 shares in the company, valued at $432,450. The disclosure for this sale can be found here. Insiders sold a total of 7,469 shares of company stock worth $458,575 in the last three months. Company insiders own 1.30% of the company’s stock.

A number of research analysts have issued reports on OSTK shares. BidaskClub upgraded Overstock.com from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 25th. ValuEngine lowered Overstock.com from a “buy” rating to a “hold” rating in a research report on Thursday, July 2nd. Finally, DA Davidson boosted their price target on Overstock.com from $66.00 to $103.00 and gave the stock a “buy” rating in a research report on Friday. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Overstock.com has a consensus rating of “Buy” and a consensus target price of $51.67.

About Overstock.com

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 d├ęcor, 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.

Featured Article: How does quantitative easing work?

Earnings History for Overstock.com (NASDAQ:OSTK)

Receive News & Ratings for Overstock.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Overstock.com and related companies with MarketBeat.com's FREE daily email newsletter.