Advantage Solutions (NASDAQ:ADV) Issues Earnings Results

by · The Cerbat Gem

Advantage Solutions (NASDAQ:ADV – Get Free Report) issued its earnings results on Thursday. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.18), Zacks reports. Advantage Solutions had a negative return on equity of 39.45% and a negative net margin of 8.72%.The company had revenue of $915.01 million for the quarter, compared to analysts’ expectations of $933.56 million.

Advantage Solutions Stock Performance

ADV stock traded down $0.07 during trading on Friday, reaching $1.13. The company had a trading volume of 590,373 shares, compared to its average volume of 640,374. The company has a market cap of $368.32 million, a price-to-earnings ratio of -1.20 and a beta of 2.17. Advantage Solutions has a twelve month low of $1.04 and a twelve month high of $4.04. The company has a debt-to-equity ratio of 2.43, a quick ratio of 1.96 and a current ratio of 1.96. The firm has a 50-day simple moving average of $1.58 and a 200-day simple moving average of $1.50.

Institutional Trading of Advantage Solutions

Several institutional investors and hedge funds have recently bought and sold shares of ADV. Vanguard Group Inc. increased its position in shares of Advantage Solutions by 40.7% in the third quarter. Vanguard Group Inc. now owns 2,675,768 shares of the company’s stock valued at $4,094,000 after buying an additional 773,560 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Advantage Solutions by 78.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 171,345 shares of the company’s stock valued at $262,000 after acquiring an additional 75,409 shares during the period. Bank of America Corp DE increased its holdings in Advantage Solutions by 21.8% in the 2nd quarter. Bank of America Corp DE now owns 71,676 shares of the company’s stock worth $95,000 after acquiring an additional 12,816 shares in the last quarter. Strs Ohio acquired a new position in Advantage Solutions during the first quarter worth $117,000. Finally, Empowered Funds LLC lifted its holdings in Advantage Solutions by 4.0% during the first quarter. Empowered Funds LLC now owns 1,769,040 shares of the company’s stock valued at $2,671,000 after purchasing an additional 68,177 shares in the last quarter. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Advantage Solutions in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $2.25.

Check Out Our Latest Stock Analysis on ADV

About Advantage Solutions

(Get Free Report)

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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