RetailMeNot Inc (SALE) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $0.13 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.12. The company posted revenue of $54.60 million in the period, compared to analysts expectations of $54.35 million. The company’s revenue was down -9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.
Many Wall Street Analysts have commented on RetailMeNot Inc. Wedbush Initiated RetailMeNot Inc on Feb 23, 2016 to “Neutral”, Price Target of the shares are set at $7.Shares were Downgraded by RBC Capital Mkts on Feb 10, 2016 to ” Underperform” and Lowered the Price Target to $ 6 from a previous price target of $12 .
RetailMeNot Inc opened for trading at $8.44 and hit $8.54 on the upside on Monday, eventually ending the session at $8.5, with a gain of 0.83% or 0.07 points. The heightened volatility saw the trading volume jump to 3,97,430 shares. Company has a market cap of $421 M.
In a different news, on Nov 19, 2015, Thomas Aylor (Vice President, Finance) sold 288 shares at $9.10 per share price. According to the SEC, on May 21, 2015, Paul Rogers (Chief Technology Officer) sold 6,000 shares at $20.98 per share price. On May 7, 2015, Steven T Pho (SVP of Corporate Development) sold 3,500 shares at $21.00 per share price, according to the Form-4 filing with the securities and exchange commission.
RetailMeNot Inc. operates digital coupon marketplace connecting consumers with retailers and brands. As of 2014 The Company had contracts with more than 10000 retailers or paid retailers. The Company owns and operates digital offer marketplaces in the United States (RetailMeNot.com) and the United Kingdom (VoucherCodes.co.uk) and a portfolio of digital offer websites in France (Bons-de-Reduction.com Poulpeo.com and Ma-Reduc.com). The company’s websites mobile applications email newsletters and alerts and social media presence enable consumers to search for discover and redeem relevant digital offers from retailers and brands. Its marketplace features digital offers across product categories including clothing; electronics; health and beauty; home and office; travel food and entertainment; personal and business services and shoes. It aggregate digital offers from retailers performance marketing networks user community employees and outsourced providers.