Zacks: Brokerages Expect CommerceHub, Inc. (CHUBA) Will Announce Quarterly Sales of $25.47 Million
Equities analysts expect that CommerceHub, Inc. (NASDAQ:CHUBA) will announce sales of $25.47 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for CommerceHub’s earnings, with the lowest sales estimate coming in at $25.10 million and the highest estimate coming in at $25.76 million. CommerceHub posted sales of $22.48 million during the same quarter last year, which would indicate a positive year over year growth rate of 13.3%. The business is scheduled to issue its next earnings report after the market closes on Wednesday, November 8th.
According to Zacks, analysts expect that CommerceHub will report full-year sales of $25.47 million for the current fiscal year, with estimates ranging from $112.40 million to $115.12 million. For the next financial year, analysts forecast that the firm will post sales of $129.76 million per share, with estimates ranging from $127.88 million to $132.86 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow CommerceHub.
CommerceHub (NASDAQ:CHUBA) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). The business had revenue of $25.21 million during the quarter, compared to analysts’ expectations of $25.76 million. CommerceHub had a return on equity of 36.84% and a net margin of 10.81%.
CHUBA has been the subject of a number of recent research reports. First Analysis initiated coverage on CommerceHub in a research note on Friday, August 25th. They set an “overweight” rating and a $25.00 price target for the company. DA Davidson initiated coverage on CommerceHub in a research note on Friday, September 22nd. They set a “buy” rating and a $27.00 price target for the company. Zacks Investment Research downgraded CommerceHub from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Wedbush reaffirmed an “outperform” rating and set a $26.00 price target (up from $22.00) on shares of CommerceHub in a research note on Monday, October 2nd. Finally, Dougherty & Co initiated coverage on CommerceHub in a research note on Tuesday. They set a “buy” rating and a $27.00 price target for the company. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $25.40.
Several institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC purchased a new stake in shares of CommerceHub during the 2nd quarter worth about $28,465,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of CommerceHub in the 2nd quarter valued at approximately $18,142,000. Vanguard Group Inc. bought a new position in shares of CommerceHub in the 2nd quarter valued at approximately $18,087,000. Pembroke Management LTD bought a new position in shares of CommerceHub in the 2nd quarter valued at approximately $15,480,000. Finally, Employees Retirement System of Texas bought a new position in shares of CommerceHub in the 2nd quarter valued at approximately $7,090,000. 25.57% of the stock is owned by institutional investors.
Shares of CommerceHub (NASDAQ CHUBA) opened at $22.02 on Friday. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $960.52 million and a PE ratio of 82.26.
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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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