CommerceHub, Inc. (CHUBA) to Post FY2017 Earnings of $0.36 Per Share, Wedbush Forecasts
CommerceHub, Inc. (NASDAQ:CHUBA) – Research analysts at Wedbush boosted their FY2017 earnings estimates for shares of CommerceHub in a research report issued on Thursday. Wedbush analyst A. Turner now anticipates that the technology company will earn $0.36 per share for the year, up from their previous forecast of $0.34. Wedbush also issued estimates for CommerceHub’s Q1 2018 earnings at $0.07 EPS, Q3 2018 earnings at $0.07 EPS and FY2018 earnings at $0.49 EPS.
CommerceHub (NASDAQ:CHUBA) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.03. The company had revenue of $25.21 million during the quarter, compared to analyst estimates of $25.76 million. CommerceHub had a net margin of 10.81% and a return on equity of 36.84%.
Separately, Zacks Investment Research raised CommerceHub from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Monday, July 3rd.
CommerceHub (NASDAQ CHUBA) opened at 19.43 on Monday. The firm has a market cap of $839.63 million and a price-to-earnings ratio of 73.88. The stock has a 50 day moving average price of $17.60 and a 200-day moving average price of $16.35. CommerceHub has a 12-month low of $11.91 and a 12-month high of $19.58.
Several hedge funds have recently made changes to their positions in the company. First Quadrant L P CA bought a new stake in shares of CommerceHub during the second quarter valued at about $154,000. Trexquant Investment LP bought a new stake in shares of CommerceHub during the second quarter valued at about $207,000. Rhumbline Advisers bought a new stake in shares of CommerceHub during the second quarter valued at about $294,000. Swift Run Capital Management LLC bought a new stake in shares of CommerceHub during the second quarter valued at about $379,000. Finally, Sei Investments Co. bought a new stake in shares of CommerceHub during the second quarter valued at about $808,000. 80.89% of the stock is currently owned by institutional investors and hedge funds.
CommerceHub Company Profile
CommerceHub, Inc is a provider of cloud-based e-commerce fulfillment and marketing solutions that integrate supply, demand and delivery for retailers and consumer brands, manufacturers and distributors. The Company’s end-to-end solutions are provided through the CommerceHub software platform, a hub that streamlines integration and enables transactions among its retailer and supplier customers and their other trading partners, while also enabling them to access the online marketplaces, search engines, social and product advertising and other digital marketing channels where consumers browse and buy.
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