PFSweb, Inc. (NASDAQ:PFSW) Expected to Post Earnings of -$0.09 Per Share
Equities analysts expect PFSweb, Inc. (NASDAQ:PFSW) to post earnings per share (EPS) of ($0.09) for the current quarter, according to Zacks. Three analysts have provided estimates for PFSweb’s earnings, with estimates ranging from ($0.11) to ($0.08). PFSweb reported earnings per share of ($0.03) in the same quarter last year, which suggests a negative year over year growth rate of 200%. The company is scheduled to issue its next earnings report on Monday, August 14th.
According to Zacks, analysts expect that PFSweb will report full year earnings of $0.19 per share for the current year, with EPS estimates ranging from $0.09 to $0.29. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.24 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for PFSweb.
PFSW has been the topic of several analyst reports. Wunderlich cut their target price on PFSweb from $19.00 to $10.50 and set a “buy” rating on the stock in a research note on Friday, March 17th. Zacks Investment Research lowered PFSweb from a “hold” rating to a “sell” rating in a research note on Thursday, March 23rd. Canaccord Genuity cut their target price on PFSweb from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, March 17th. Finally, B. Riley reissued a “buy” rating and issued a $13.00 target price on shares of PFSweb in a research note on Sunday, May 14th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $12.79.
Shares of PFSweb (PFSW) traded up 0.12% during trading on Tuesday, reaching $8.02. The company had a trading volume of 20,740 shares. The company has a 50 day moving average of $7.31 and a 200-day moving average of $7.49. PFSweb has a 52-week low of $5.83 and a 52-week high of $11.21. The firm’s market capitalization is $151.01 million.
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In other PFSweb news, EVP Cynthia D. Almond sold 57,654 shares of the stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $8.00, for a total value of $461,232.00. Following the transaction, the executive vice president now owns 77,863 shares of the company’s stock, valued at $622,904. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James F. Reilly sold 4,255 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $6.95, for a total value of $29,572.25. Following the completion of the transaction, the director now directly owns 26,383 shares in the company, valued at approximately $183,361.85. The disclosure for this sale can be found here. Insiders sold 74,683 shares of company stock worth $578,346 in the last three months. Insiders own 5.10% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Trexquant Investment LP acquired a new stake in shares of PFSweb during the first quarter valued at about $185,000. Engine Capital Management LLC increased its stake in shares of PFSweb by 8,310.8% in the first quarter. Engine Capital Management LLC now owns 841,755 shares of the business services provider’s stock valued at $5,497,000 after buying an additional 831,747 shares during the period. AWM Investment Company Inc. increased its stake in shares of PFSweb by 0.9% in the first quarter. AWM Investment Company Inc. now owns 1,560,394 shares of the business services provider’s stock valued at $10,189,000 after buying an additional 14,656 shares during the period. Teachers Advisors LLC increased its stake in shares of PFSweb by 68.6% in the fourth quarter. Teachers Advisors LLC now owns 35,682 shares of the business services provider’s stock valued at $303,000 after buying an additional 14,524 shares during the period. Finally, State Street Corp increased its stake in shares of PFSweb by 5.9% in the fourth quarter. State Street Corp now owns 186,936 shares of the business services provider’s stock valued at $1,590,000 after buying an additional 10,345 shares during the period. 68.33% of the stock is currently owned by hedge funds and other institutional investors.
PFSweb Company Profile
PFSWEB, Inc is a global provider of omni-channel commerce solutions, including a range of technology, infrastructure and professional services. The Company’s service offerings include Website design, creation and integration, digital agency and marketing, e-commerce technologies, order management, customer care, logistics and fulfillment, financial management and professional consulting.
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