Barrington Research Weighs in on InnerWorkings, Inc.’s Q3 2017 Earnings (INWK)
InnerWorkings, Inc. (NASDAQ:INWK) – Investment analysts at Barrington Research lowered their Q3 2017 earnings estimates for InnerWorkings in a research note issued on Wednesday. Barrington Research analyst K. Steinke now anticipates that the business services provider will post earnings per share of $0.12 for the quarter, down from their prior estimate of $0.16. Barrington Research has a “Outperform” rating and a $13.00 price target on the stock. Barrington Research also issued estimates for InnerWorkings’ FY2017 earnings at $0.47 EPS and FY2018 earnings at $0.56 EPS.
InnerWorkings (NASDAQ:INWK) last issued its earnings results on Monday, August 7th. The business services provider reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $279.53 million for the quarter, compared to analyst estimates of $282.62 million. InnerWorkings had a return on equity of 8.84% and a net margin of 1.76%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the company posted $0.11 EPS. ILLEGAL ACTIVITY WARNING: “Barrington Research Weighs in on InnerWorkings, Inc.’s Q3 2017 Earnings (INWK)” was originally published by American Banking News and is owned by of American Banking News. If you are viewing this story on another domain, it was stolen and reposted in violation of US & international copyright and trademark law. The legal version of this story can be read at https://www.americanbankingnews.com/2017/08/11/barrington-research-weighs-in-on-innerworkings-inc-s-q3-2017-earnings-inwk.html.
Several other equities analysts have also recently commented on INWK. Zacks Investment Research upgraded shares of InnerWorkings from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a report on Wednesday, April 26th. Wunderlich restated a “buy” rating and set a $15.00 price target on shares of InnerWorkings in a report on Friday, June 30th. Finally, BidaskClub cut shares of InnerWorkings from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $13.33.
InnerWorkings (NASDAQ INWK) opened at 10.60 on Friday. The stock has a market capitalization of $567.28 million, a price-to-earnings ratio of 30.81 and a beta of 1.59. InnerWorkings has a 12 month low of $8.07 and a 12 month high of $11.94. The company has a 50 day moving average price of $11.50 and a 200 day moving average price of $10.52.
Several institutional investors have recently bought and sold shares of INWK. State Street Corp boosted its position in InnerWorkings by 5.4% in the fourth quarter. State Street Corp now owns 645,168 shares of the business services provider’s stock valued at $6,356,000 after buying an additional 33,138 shares in the last quarter. Guggenheim Capital LLC bought a new position in InnerWorkings during the fourth quarter valued at approximately $348,000. Norges Bank bought a new position in InnerWorkings during the fourth quarter valued at approximately $700,000. Highbridge Capital Management LLC bought a new position in InnerWorkings during the fourth quarter valued at approximately $186,000. Finally, Perkins Capital Management Inc. boosted its position in InnerWorkings by 60.0% in the first quarter. Perkins Capital Management Inc. now owns 40,000 shares of the business services provider’s stock valued at $398,000 after buying an additional 15,000 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.
InnerWorkings, Inc is a marketing execution company. The Company’s software applications and databases create an integrated solution that stores, analyzes and tracks the production capabilities of its supplier network, as well as detailed pricing data. The Company’s segments include North America and International.
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