Brokerages forecast that ChannelAdvisor Corp (NYSE:ECOM) will announce earnings of $0.09 per share for the current quarter, according to Zacks. Three analysts have issued estimates for ChannelAdvisor’s earnings. ChannelAdvisor posted earnings per share of $0.05 during the same quarter last year, which suggests a positive year over year growth rate of 80%. The business is expected to report its next quarterly earnings report on Thursday, August 13th.
According to Zacks, analysts expect that ChannelAdvisor will report full year earnings of $0.69 per share for the current financial year, with EPS estimates ranging from $0.63 to $0.80. For the next year, analysts expect that the company will post earnings of $0.69 per share, with EPS estimates ranging from $0.68 to $0.72. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow ChannelAdvisor.
ChannelAdvisor (NYSE:ECOM) last announced its quarterly earnings data on Thursday, May 7th. The software maker reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.01). ChannelAdvisor had a return on equity of 9.14% and a net margin of 5.99%. The business had revenue of $32.03 million for the quarter, compared to analyst estimates of $31.48 million. During the same quarter in the previous year, the business posted ($0.08) earnings per share. The company’s revenue was up 1.5% compared to the same quarter last year.
ECOM has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $16.00 price objective (up from $14.00) on shares of ChannelAdvisor in a research note on Tuesday, May 19th. B. Riley raised their target price on ChannelAdvisor from $16.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Finally, Zacks Investment Research raised ChannelAdvisor from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a report on Tuesday, April 14th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $13.20.
In other news, Director M Scot Wingo sold 55,000 shares of ChannelAdvisor stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $12.39, for a total transaction of $681,450.00. Following the sale, the director now owns 403,226 shares of the company’s stock, valued at approximately $4,995,970.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.10% of the company’s stock.
Several large investors have recently made changes to their positions in ECOM. Hillsdale Investment Management Inc. acquired a new stake in ChannelAdvisor in the 1st quarter valued at $1,582,000. Marshall Wace LLP boosted its stake in ChannelAdvisor by 1,063.5% in the 4th quarter. Marshall Wace LLP now owns 211,740 shares of the software maker’s stock valued at $1,914,000 after buying an additional 193,542 shares in the last quarter. Needham Investment Management LLC boosted its stake in ChannelAdvisor by 60.9% in the 1st quarter. Needham Investment Management LLC now owns 506,750 shares of the software maker’s stock valued at $3,680,000 after buying an additional 191,750 shares in the last quarter. Renaissance Technologies LLC boosted its stake in ChannelAdvisor by 26.7% in the 4th quarter. Renaissance Technologies LLC now owns 551,900 shares of the software maker’s stock valued at $4,989,000 after buying an additional 116,300 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in ChannelAdvisor by 60.1% in the 4th quarter. Nuveen Asset Management LLC now owns 212,605 shares of the software maker’s stock valued at $1,922,000 after buying an additional 79,808 shares in the last quarter. 83.28% of the stock is currently owned by institutional investors.
Shares of ECOM stock opened at $14.82 on Wednesday. The stock’s 50 day simple moving average is $13.47 and its 200 day simple moving average is $10.04. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.52 and a current ratio of 2.52. ChannelAdvisor has a twelve month low of $4.39 and a twelve month high of $15.88. The company has a market capitalization of $420.38 million, a price-to-earnings ratio of 54.89 and a beta of 0.88.
ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally. Its e-commerce cloud platform helps brands and retailers to improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance, and providing actionable analytics to improve competitiveness.
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