RetailMeNot, Inc. (NASDAQ:SALE) issued its quarterly earnings results on Tuesday. The company reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.06. The firm had revenue of $96.90 million for the quarter, compared to analyst estimates of $95.48 million. RetailMeNot had a net margin of 3.24% and a return on equity of 4.30%.
Shares of RetailMeNot (NASDAQ:SALE) opened at 8.95 on Tuesday. The firm has a market cap of $434.04 million, a P/E ratio of 51.44 and a beta of 0.82. RetailMeNot has a one year low of $6.44 and a one year high of $12.93. The stock’s 50 day moving average is $9.06 and its 200-day moving average is $9.81.
A number of research analysts recently weighed in on SALE shares. Zacks Investment Research raised shares of RetailMeNot from a “sell” rating to a “hold” rating and set a $9.50 price target on the stock in a research note on Friday, November 4th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $11.50 price target on shares of RetailMeNot in a research note on Wednesday, November 2nd. Credit Suisse Group started coverage on shares of RetailMeNot in a research note on Wednesday, January 11th. They issued an “underperform” rating and a $9.00 price target on the stock. Boenning Scattergood reiterated a “hold” rating on shares of RetailMeNot in a report on Wednesday, December 14th. Finally, Dougherty & Co cut their price objective on shares of RetailMeNot from $15.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, November 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $10.08.
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RetailMeNot Inc operates a digital savings destination connecting consumers with retailers, restaurants and brands, both online and in-store. The Company’s marketplace features over 800,000 digital offers each month. The Company’s Websites, mobile applications, e-mail newsletters and alerts and social media presence enable consumers to search for, discover and redeem digital offers from retailers and brands.
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