Groupon (NASDAQ:GRPN) Issues Earnings Results, Misses Estimates By $1.41 EPS

Groupon (NASDAQ:GRPN) released its quarterly earnings results on Tuesday. The coupon company reported ($1.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($1.41), Zacks reports. Groupon had a net margin of 3.87% and a return on equity of 91.94%.

Groupon Trading Down 0.6 %

GRPN stock traded down $0.06 during trading on Tuesday, hitting $9.77. The company had a trading volume of 2,631,743 shares, compared to its average volume of 892,620. The firm has a 50-day moving average price of $11.46 and a 200-day moving average price of $11.08. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 5.66. The stock has a market cap of $388.53 million, a price-to-earnings ratio of 19.16 and a beta of 1.41. Groupon has a 12 month low of $7.75 and a 12 month high of $19.56.

Analysts Set New Price Targets

GRPN has been the subject of a number of analyst reports. Northland Securities reduced their price objective on shares of Groupon from $20.00 to $17.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. The Goldman Sachs Group dropped their price target on shares of Groupon from $11.00 to $8.00 and set a “sell” rating for the company in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Groupon currently has an average rating of “Moderate Buy” and an average target price of $17.00.

About Groupon

Groupon, Inc, together with its subsidiaries, operates a marketplace that connects consumers to merchants. It operates in two segments, North America and International. The company sells goods or services on behalf of third-party merchants. It serves customers through its mobile applications and websites.