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Brokerages expect Avalara, Inc. (NYSE:AVLR) to post earnings per share of -$0.08

Analysts expect Avalara, Inc. (NYSE:AVLR – Get Rating) to report ($0.08) earnings per share for the current quarter, Zacks reports. Two analysts provided earnings estimates for Avalara, with the highest EPS estimate of $0.04 and the lowest estimate of $0.12. Avalara reported earnings per share of $0.02 in the same quarter last year, suggesting a negative 500% year-over-year growth rate. The company is due to release its next quarterly earnings report on Monday, January 1.

On average, analysts expect Avalara to report full year earnings of ($0.27) per share for the current fiscal year, with EPS estimates ranging from ($0.43) to ($0. $.19). For the next fiscal year, analysts expect the company to report earnings of $0.04 per share, with EPS estimates ranging from ($0.10) to $0.26. Zacks EPS calculations are an average based on a survey of research companies that track Avalara.

Avalara (NYSE:AVLR – Get Rating) last released its results on Thursday, May 5. The company reported earnings per share (EPS) of $0.08 for the quarter, beating analyst consensus estimates of ($0.12) by $0.20. Avalara had a negative net margin of 17.04% and a negative return on equity of 9.58%. The company posted revenue of $204.53 million in the quarter, versus analyst estimates of $198.07 million. In the same quarter of the previous year, the company had earned earnings per share of ($0.30). The company’s revenue for the quarter increased by 33.2% compared to the same quarter last year.

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Several brokerages have recently weighed in on AVLR. Needham & Company LLC lowered its price target on Avalara shares from $210.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, February 11. Raymond James lowered his price target on Avalara shares from $220.00 to $155.00 and gave the stock an “outperform” rating in a Friday, Feb. 11 research report. Citigroup began covering Avalara shares in a research report on Tuesday, February 1. They issued a “buy” rating and a target price of $130.00 on the stock. Canaccord Genuity Group lowered its target price on Avalara shares from $140.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday. Finally, JMP Securities reaffirmed a “market outperformance” rating on Avalara shares in a Friday, Feb. 11 research report. One equity research analyst gave the stock a hold rating and sixteen gave the company’s stock a buy rating. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $150.81.

AVLR shares opened at $78.42 on Friday. The company’s 50-day moving average price is $90.57 and its 200-day moving average price is $117.10. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt ratio of 0.94. The stock has a market capitalization of $6.89 billion, a price-earnings ratio of -53.35 and a beta of 0.94. Avalara has a 12-month low of $67.59 and a 12-month high of $191.67.

Separately, insider Scott M. Mcfarlane sold 6,425 shares of the company in a trade that took place on Monday, March 7. The shares were sold at an average price of $93.35, for a total transaction of $599,773.75. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Additionally, insider Ross Tennenbaum sold 1,580 shares of the company in a trade that took place on Tuesday, February 15. The stock was sold at an average price of $100.82, for a total transaction of $159,295.60. The disclosure of this sale can be found here. Insiders have sold 48,687 shares of the company worth $4,605,674 over the past three months. Company insiders own 21.10% of the company’s shares.

Hedge funds have recently increased or reduced their holdings in the stock. RMB Capital Management LLC increased its stake in Avalara by 30.5% in the first quarter. RMB Capital Management LLC now owns 24,013 shares of the company valued at $2,390,000 after purchasing an additional 5,614 shares in the last quarter. Monarch Partners Asset Management LLC bought a new position in Avalara in the first quarter worth approximately $655,000. IFM Investors Pty Ltd increased its stake in Avalara by 18.8% in the first quarter. IFM Investors Pty Ltd now owns 13,712 shares in the company valued at $1,364,000 after buying an additional 2,174 shares in the last quarter. Aigen Investment Management LP acquired a new position in Avalara in the first quarter worth approximately $356,000. Finally, Washington Trust Advisors Inc. increased its stake in Avalara by 52.4% in the first quarter. Washington Trust Advisors Inc. now owns 12,813 shares of the company valued at $1,274,000 after buying 4,405 additional shares in the last quarter. Hedge funds and other institutional investors own 92.20% of the company’s shares.

Avalara Company Profile (Get a rating)

Avalara, Inc, together with its subsidiaries, provides cloud-based solutions for transactional tax compliance worldwide. The company offers a suite of compliance solutions that enable businesses to tackle the complexity of transactional 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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