PFSweb, Inc. (PFSW) Expected to Announce Quarterly Sales of $90.82 Million

Equities analysts forecast that PFSweb, Inc. (NASDAQ:PFSW) will report sales of $90.82 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for PFSweb’s earnings. The lowest sales estimate is $87.91 million and the highest is $94.36 million. PFSweb reported sales of $102.46 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 11.4%. The firm is expected to report its next quarterly earnings results on Thursday, March 15th.

On average, analysts expect that PFSweb will report full-year sales of $90.82 million for the current fiscal year, with estimates ranging from $322.06 million to $328.52 million. For the next financial year, analysts anticipate that the company will post sales of $333.92 million per share, with estimates ranging from $329.14 million to $342.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for PFSweb.

PFSweb (NASDAQ:PFSW) last announced its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.10. PFSweb had a positive return on equity of 1.98% and a negative net margin of 3.30%. The firm had revenue of $77.32 million during the quarter, compared to the consensus estimate of $78.19 million.

Several brokerages have recently weighed in on PFSW. Zacks Investment Research upgraded PFSweb from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Dougherty & Co began coverage on PFSweb in a research note on Tuesday, December 19th. They set a “buy” rating and a $9.00 target price for the company. Craig Hallum downgraded PFSweb from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Northland Securities restated a “buy” rating and set a $9.00 target price on shares of PFSweb in a research note on Friday, November 10th. Finally, Canaccord Genuity downgraded PFSweb from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. PFSweb has a consensus rating of “Buy” and an average price target of $10.46.

Hedge funds have recently modified their holdings of the company. OxFORD Asset Management LLP bought a new position in shares of PFSweb during the third quarter worth about $130,000. Macquarie Group Ltd. bought a new position in shares of PFSweb during the third quarter worth about $230,000. Susquehanna International Group LLP bought a new position in shares of PFSweb during the second quarter worth about $432,000. Goldman Sachs Group Inc. bought a new position in shares of PFSweb during the second quarter worth about $454,000. Finally, Russell Investments Group Ltd. lifted its position in shares of PFSweb by 63.2% during the third quarter. Russell Investments Group Ltd. now owns 105,615 shares of the business services provider’s stock worth $882,000 after purchasing an additional 40,917 shares during the last quarter. 58.32% of the stock is currently owned by institutional investors and hedge funds.

Shares of PFSweb (PFSW) opened at $7.47 on Friday. PFSweb has a twelve month low of $5.83 and a twelve month high of $8.88. The stock has a market capitalization of $138.85, a price-to-earnings ratio of -12.45, a P/E/G ratio of 4.68 and a beta of 0.79. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.20 and a quick ratio of 1.13.

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About PFSweb

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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