Zacks: Brokerages Expect Autoweb Inc (AUTO) to Announce $0.15 Earnings Per Share

Equities analysts expect Autoweb Inc (NASDAQ:AUTO) to post $0.15 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Autoweb’s earnings. Autoweb reported earnings of $0.35 per share during the same quarter last year, which suggests a negative year over year growth rate of 57.1%. The business is expected to report its next quarterly earnings report on Thursday, March 8th.

On average, analysts expect that Autoweb will report full-year earnings of $0.78 per share for the current year. For the next fiscal year, analysts forecast that the firm will post earnings of $0.89 per share, with EPS estimates ranging from $0.83 to $0.95. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Autoweb.

AUTO has been the topic of several analyst reports. B. Riley reaffirmed a “buy” rating and set a $12.00 price target on shares of Autoweb in a research report on Friday, November 3rd. Barrington Research raised shares of Autoweb from a “market perform” rating to an “outperform” rating in a research report on Tuesday, November 7th. Finally, Zacks Investment Research raised shares of Autoweb from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $11.00.

Autoweb (NASDAQ:AUTO) traded down $0.03 during mid-day trading on Thursday, hitting $7.66. 46,256 shares of the stock traded hands, compared to its average volume of 90,591. The stock has a market cap of $100.61, a price-to-earnings ratio of 44.53 and a beta of 0.96. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 0.07. Autoweb has a 1 year low of $6.63 and a 1 year high of $14.79.

In related news, EVP Kimberly Boren sold 10,000 shares of Autoweb stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $9.22, for a total value of $92,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey H. Coats sold 19,590 shares of Autoweb stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $8.62, for a total transaction of $168,865.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,589 shares of company stock worth $334,177. Corporate insiders own 20.73% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Signia Capital Management LLC acquired a new stake in Autoweb in the 4th quarter valued at approximately $4,622,000. Thomson Horstmann & Bryant Inc. acquired a new position in shares of Autoweb in the fourth quarter worth $2,792,000. Perritt Capital Management Inc. acquired a new position in shares of Autoweb in the fourth quarter worth $1,216,000. Alambic Investment Management L.P. acquired a new position in shares of Autoweb in the fourth quarter worth $1,198,000. Finally, California Public Employees Retirement System acquired a new position in shares of Autoweb in the fourth quarter worth $270,000. Hedge funds and other institutional investors own 47.51% of the company’s stock.

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About Autoweb

AutoWeb, Inc, formerly Autobytel Inc, is an automotive marketing services company that assists automotive retail dealers and automotive manufacturers market and sell new and used vehicles to consumers through the programs for online lead referrals, dealer marketing products and services, and online advertising programs and mobile products.

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