Brokerages Anticipate PFSweb, Inc. (PFSW) Will Post Quarterly Sales of $79.47 Million
Equities analysts expect PFSweb, Inc. (NASDAQ:PFSW) to announce sales of $79.47 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for PFSweb’s earnings, with the lowest sales estimate coming in at $77.94 million and the highest estimate coming in at $82.50 million. PFSweb reported sales of $79.91 million in the same quarter last year, which indicates a negative year-over-year growth rate of 0.6%. The business is scheduled to issue its next earnings report on Wednesday, November 8th.
On average, analysts expect that PFSweb will report full year sales of $79.47 million for the current financial year, with estimates ranging from $335.15 million to $346.43 million. For the next year, analysts anticipate that the company will post sales of $361.98 million per share, with estimates ranging from $356.92 million to $367.03 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow PFSweb.
PFSweb (NASDAQ:PFSW) last issued its quarterly earnings results on Monday, August 7th. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.03). The company had revenue of $78.07 million for the quarter, compared to the consensus estimate of $77.13 million. PFSweb had a negative return on equity of 1.71% and a negative net margin of 3.55%.
Several equities analysts have issued reports on PFSW shares. B. Riley reiterated a “buy” rating and set a $13.00 target price on shares of PFSweb in a research report on Sunday, May 14th. Northland Securities reiterated a “buy” rating and set a $11.00 target price on shares of PFSweb in a research report on Thursday, August 10th. Finally, Zacks Investment Research upgraded PFSweb from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 20th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. PFSweb has a consensus rating of “Buy” and a consensus target price of $11.10.
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In other PFSweb news, EVP Cynthia D. Almond sold 57,654 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $8.00, for a total transaction of $461,232.00. Following the transaction, the executive vice president now owns 77,863 shares in the company, valued at approximately $622,904. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PFSW. Engine Capital Management LLC boosted its stake in shares of PFSweb by 8,310.8% during the 1st quarter. Engine Capital Management LLC now owns 841,755 shares of the business services provider’s stock worth $5,497,000 after acquiring an additional 831,747 shares in the last quarter. Algert Global LLC purchased a new stake in shares of PFSweb during the 2nd quarter worth approximately $622,000. Russell Investments Group Ltd. purchased a new stake in shares of PFSweb during the 2nd quarter worth approximately $535,000. Goldman Sachs Group Inc. purchased a new stake in shares of PFSweb during the 2nd quarter worth approximately $454,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of PFSweb during the 2nd quarter worth approximately $432,000. Institutional investors own 57.48% of the company’s stock.
PFSweb (NASDAQ PFSW) opened at 7.49 on Friday. The stock’s market cap is $142.18 million. PFSweb has a 12 month low of $5.83 and a 12 month high of $10.00. The firm’s 50-day moving average price is $7.75 and its 200-day moving average price is $7.38.
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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