Baird Reiterates an 'Outperform' on Liquidity Services (LQDT); Adjusting Estimates After Another 'Beat & Raise'

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Baird reiterates an 'Outperform' on Liquidity Services (NASDAQ: LQDT) price target of $66.00.

Analyst, Colin Sebastian, said, "LQDT reported a strong F3Q, with GMV and EPS ahead of consensus and RWB expectations, driven by accelerating organic growth in Commercial. Importantly, profitability improved on the higher commercial mix, indicating a positive trajectory for margins in that segment. We continue to view the recent pullback as a good buying opportunity...We are also adjusting our F2013 estimates to reflect ongoing organic growth and the contribution from GoIndustry. We now expect GMV of $1.15 billion, EBITDA of $125 million, and EPS of $2.05."

For an analyst ratings summary and ratings history on Liquidity Services click here. For more ratings news on Liquidity Services click here.

Shares of Liquidity Services closed at $45.72 yesterday, with a 52 week range of $19.89-$66.57.

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