Brokerages expect Avalara Inc (NYSE:AVLR) to announce $64.98 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Avalara’s earnings, with the lowest sales estimate coming in at $62.40 million and the highest estimate coming in at $66.35 million. The company is scheduled to announce its next quarterly earnings results on Thursday, November 8th.
According to Zacks, analysts expect that Avalara will report full-year sales of $255.38 million for the current fiscal year, with estimates ranging from $244.90 million to $260.74 million. For the next financial year, analysts anticipate that the company will post sales of $303.25 million, with estimates ranging from $292.50 million to $311.01 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Avalara.
Avalara (NYSE:AVLR) last posted its quarterly earnings data on Thursday, August 9th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.04. The company had revenue of $63.70 million during the quarter, compared to the consensus estimate of $61.47 million. The company’s revenue was up 25.1% compared to the same quarter last year.
Shares of Avalara stock traded up $2.40 on Friday, hitting $34.96. The company had a trading volume of 389,673 shares, compared to its average volume of 586,205. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.18. Avalara has a 52 week low of $31.57 and a 52 week high of $59.40.
A number of large investors have recently modified their holdings of AVLR. First Mercantile Trust Co. bought a new stake in Avalara during the second quarter worth approximately $101,000. TD Asset Management Inc. bought a new stake in Avalara during the second quarter worth approximately $547,000. Dean Capital Investments Management LLC bought a new stake in Avalara during the second quarter worth approximately $713,000. Pier Capital LLC bought a new stake in Avalara during the second quarter worth approximately $6,857,000. Finally, American Century Companies Inc. bought a new stake in Avalara during the second quarter worth approximately $2,669,000. Hedge funds and other institutional investors own 68.40% of the company’s stock.
Avalara Company Profile
Avalara, Inc provides transaction tax compliance cloud-based solutions worldwide. It offers a suite of compliance solutions that enable businesses to address the complexity of transaction tax compliance; process transactions in real time; produce detailed records of transaction tax determinations; and reduce errors, audit exposure, and total transaction tax compliance costs.
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