InnerWorkings (NASDAQ:INWK) will release its earnings data after the market closes on Thursday, November 8th. Analysts expect InnerWorkings to post earnings of $0.12 per share for the quarter.
InnerWorkings (NASDAQ:INWK) last released its quarterly earnings results on Tuesday, August 14th. The business services provider reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.02). InnerWorkings had a net margin of 0.61% and a return on equity of 3.93%. The business had revenue of $281.97 million for the quarter, compared to analyst estimates of $291.22 million. On average, analysts expect InnerWorkings to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
INWK stock opened at $7.19 on Thursday. InnerWorkings has a fifty-two week low of $5.90 and a fifty-two week high of $11.53. The firm has a market cap of $359.98 million, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 1.68 and a beta of 1.52. The company has a quick ratio of 0.92, a current ratio of 1.04 and a debt-to-equity ratio of 0.12.
A number of research firms recently weighed in on INWK. Zacks Investment Research raised InnerWorkings from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 24th. ValuEngine raised InnerWorkings from a “strong sell” rating to a “sell” rating in a report on Saturday, September 1st. Barrington Research reaffirmed a “hold” rating on shares of InnerWorkings in a report on Wednesday, August 22nd. BidaskClub raised InnerWorkings from a “strong sell” rating to a “sell” rating in a report on Friday, August 17th. Finally, Craig Hallum cut InnerWorkings from a “buy” rating to a “hold” rating and set a $10.00 target price for the company. in a research note on Wednesday, August 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. InnerWorkings currently has an average rating of “Hold” and an average price target of $11.33.
In other news, CEO Richard S. Stoddart bought 6,847 shares of the stock in a transaction dated Tuesday, August 21st. The stock was bought at an average cost of $7.67 per share, with a total value of $52,516.49. Following the purchase, the chief executive officer now owns 85,878 shares of the company’s stock, valued at $658,684.26. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 6.40% of the stock is currently owned by company insiders.
A hedge fund recently raised its stake in InnerWorkings stock. Bank of New York Mellon Corp grew its position in InnerWorkings, Inc. (NASDAQ:INWK) by 8.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 220,552 shares of the business services provider’s stock after buying an additional 16,379 shares during the period. Bank of New York Mellon Corp owned 0.42% of InnerWorkings worth $1,916,000 at the end of the most recent reporting period. Institutional investors own 82.47% of the company’s stock.
InnerWorkings, Inc provides marketing execution solutions in North America and internationally. The company's software applications and databases create an integrated solution that stores, analyzes, and tracks the production capabilities of its supplier network, as well as detailed pricing data.
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