Equities research analysts expect InnerWorkings, Inc. (NASDAQ:INWK) to post sales of $285.68 million for the current quarter, according to Zacks. Three analysts have issued estimates for InnerWorkings’ earnings, with estimates ranging from $281.74 million to $292.31 million. InnerWorkings reported sales of $270.42 million in the same quarter last year, which indicates a positive year over year growth rate of 5.6%. The business is expected to announce its next earnings results after the market closes on Tuesday, February 27th.
On average, analysts expect that InnerWorkings will report full year sales of $285.68 million for the current year. For the next year, analysts forecast that the business will post sales of $1.17 billion per share, with estimates ranging from $1.17 billion to $1.18 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for InnerWorkings.
INWK has been the subject of a number of research reports. Zacks Investment Research raised shares of InnerWorkings from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Thursday, November 9th. Dougherty & Co initiated coverage on shares of InnerWorkings in a report on Tuesday, October 31st. They issued a “buy” rating and a $14.00 target price for the company. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $13.40.
Institutional investors have recently modified their holdings of the company. Buckingham Asset Management LLC acquired a new position in shares of InnerWorkings during the fourth quarter worth about $100,000. BlueCrest Capital Management Ltd acquired a new position in shares of InnerWorkings during the second quarter worth about $127,000. We Are One Seven LLC acquired a new position in shares of InnerWorkings during the fourth quarter worth about $144,000. Teacher Retirement System of Texas acquired a new position in shares of InnerWorkings during the fourth quarter worth about $167,000. Finally, Ellington Management Group LLC acquired a new position in shares of InnerWorkings during the fourth quarter worth about $173,000. Institutional investors and hedge funds own 77.15% of the company’s stock.
Shares of InnerWorkings (NASDAQ INWK) traded down $0.08 during trading hours on Friday, hitting $8.86. 155,200 shares of the stock were exchanged, compared to its average volume of 249,656. InnerWorkings has a 1-year low of $8.19 and a 1-year high of $12.03. The company has a quick ratio of 1.63, a current ratio of 1.86 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $490.00, a PE ratio of 21.61, a price-to-earnings-growth ratio of 1.16 and a beta of 1.65.
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InnerWorkings Company Profile
InnerWorkings, Inc is a marketing execution company. 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. The Company’s segments include North America and International.
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