Advantage Solutions (NASDAQ:ADV - Get Free Report) released its quarterly earnings results on Friday. The company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.67), Zacks reports. Advantage Solutions had a negative net margin of 3.32% and a negative return on equity of 7.58%. The firm had revenue of $892.29 million for the quarter, compared to the consensus estimate of $863.39 million.
Advantage Solutions Stock Performance
Advantage Solutions stock traded down $0.22 during trading hours on Tuesday, hitting $1.61. The stock had a trading volume of 1,507,886 shares, compared to its average volume of 696,459. The company has a 50-day moving average of $2.59 and a two-hundred day moving average of $3.12. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.81. Advantage Solutions has a fifty-two week low of $1.53 and a fifty-two week high of $4.95. The company has a market cap of $514.81 million, a PE ratio of -3.91 and a beta of 1.66.
Analyst Ratings Changes
Separately, Canaccord Genuity Group lowered their price objective on shares of Advantage Solutions from $5.50 to $3.50 and set a "buy" rating on the stock in a research note on Tuesday.
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About Advantage Solutions
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Advantage Solutions Inc provides business solutions to consumer goods manufacturers and retailers in North America and internationally. It operates in two segments, Sales and Marketing. The Sales segment offers brand-centric services, such as headquarter relationship management; analytics, insights, and intelligence; and brand-centric merchandising services.
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