Zacks: Brokerages Expect GrubHub Inc (GRUB) Will Post Quarterly Sales of $201.17 Million
Wall Street analysts expect GrubHub Inc (NYSE:GRUB) to announce $201.17 million in sales for the current quarter, Zacks reports. Ten analysts have made estimates for GrubHub’s earnings, with the highest sales estimate coming in at $202.72 million and the lowest estimate coming in at $199.50 million. GrubHub posted sales of $137.46 million during the same quarter last year, which suggests a positive year-over-year growth rate of 46.3%. The company is scheduled to issue its next earnings results on Wednesday, February 14th.
On average, analysts expect that GrubHub will report full year sales of $201.17 million for the current fiscal year, with estimates ranging from $677.50 million to $682.00 million. For the next financial year, analysts anticipate that the business will report sales of $929.25 million per share, with estimates ranging from $880.76 million to $967.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow GrubHub.
GrubHub (NYSE:GRUB) last issued its quarterly earnings results on Wednesday, October 25th. The information services provider reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. GrubHub had a net margin of 9.60% and a return on equity of 7.45%. The business had revenue of $163.10 million for the quarter, compared to analyst estimates of $159.63 million. During the same period in the previous year, the business posted $0.23 earnings per share. The business’s revenue was up 32.1% compared to the same quarter last year.
GrubHub (NYSE:GRUB) opened at $70.34 on Tuesday. GrubHub has a one year low of $32.43 and a one year high of $70.74. The stock has a market cap of $5,914.30, a PE ratio of 78.41, a PEG ratio of 3.74 and a beta of 1.67.
In other GrubHub news, insider Barbara Martin Coppola sold 2,342 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $54.32, for a total value of $127,217.44. Following the sale, the insider now owns 10,488 shares of the company’s stock, valued at $569,708.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Adam Dewitt sold 6,722 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $52.61, for a total transaction of $353,644.42. Following the completion of the sale, the chief financial officer now directly owns 22,554 shares in the company, valued at approximately $1,186,565.94. The disclosure for this sale can be found here. Insiders sold 327,383 shares of company stock worth $19,612,812 in the last ninety days. Insiders own 2.37% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in GRUB. Cubist Systematic Strategies LLC purchased a new stake in shares of GrubHub in the third quarter valued at about $105,000. PNC Financial Services Group Inc. lifted its stake in shares of GrubHub by 6.4% during the second quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock valued at $108,000 after buying an additional 148 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of GrubHub by 11.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock valued at $120,000 after buying an additional 285 shares during the period. Fortaleza Asset Management Inc. purchased a new position in shares of GrubHub during the second quarter valued at approximately $146,000. Finally, Asset Dedication LLC purchased a new position in shares of GrubHub during the third quarter valued at approximately $165,000.
WARNING: “Zacks: Brokerages Expect GrubHub Inc (GRUB) Will Post Quarterly Sales of $201.17 Million” was first posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://www.americanbankingnews.com/2017/12/12/zacks-brokerages-expect-grubhub-inc-grub-will-post-quarterly-sales-of-201-17-million.html.
GrubHub Company Profile
Grubhub Inc provides an online and mobile platform for restaurant pick-up and delivery orders. Its products include Grubhub and Seamless Mobile Applications and Mobile Website, Grubhub and Seamless Websites, Corporate Program, Delivery, Allmenus and MenuPages, Grubhub for Restaurants, and Restaurant Websites.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for GrubHub Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrubHub Inc and related companies with MarketBeat.com's FREE daily email newsletter.