Wall Street brokerages expect that PFSweb, Inc. (NASDAQ:PFSW) will post sales of $90.82 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for PFSweb’s earnings, with the highest sales estimate coming in at $94.36 million and the lowest estimate coming in at $87.91 million. PFSweb reported sales of $102.46 million during the same quarter last year, which indicates a negative year over year growth rate of 11.4%. The business is expected to issue its next quarterly earnings results after the market closes on Thursday, March 15th.
According to Zacks, analysts expect that PFSweb will report full year sales of $90.82 million for the current year, with estimates ranging from $322.06 million to $328.52 million. For the next fiscal year, analysts anticipate that the business will report 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 a mean average based on a survey of sell-side research firms that cover PFSweb.
A number of equities analysts have weighed in on PFSW shares. Zacks Investment Research cut PFSweb from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Canaccord Genuity cut PFSweb from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. B. Riley restated a “buy” rating and issued a $13.00 price target on shares of PFSweb in a report on Tuesday, November 7th. Dougherty & Co started coverage on PFSweb in a report on Tuesday, December 19th. They issued a “buy” rating and a $9.00 price target for the company. Finally, Northland Securities restated a “buy” rating and issued a $9.00 price target on shares of PFSweb in a report on Friday, November 10th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $10.46.
Institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in shares of PFSweb by 187.5% during the 4th quarter. Wells Fargo & Company MN now owns 14,041 shares of the business services provider’s stock valued at $104,000 after buying an additional 9,157 shares during the last quarter. OxFORD Asset Management LLP acquired a new stake in PFSweb in the third quarter worth $130,000. BlueCrest Capital Management Ltd acquired a new stake in PFSweb in the fourth quarter worth $178,000. Macquarie Group Ltd. acquired a new stake in PFSweb in the third quarter worth $230,000. Finally, Stone Ridge Asset Management LLC acquired a new stake in PFSweb in the fourth quarter worth $239,000. Institutional investors own 56.51% of the company’s stock.
PFSweb (NASDAQ PFSW) traded down $0.18 during midday trading on Monday, reaching $7.29. The company’s stock had a trading volume of 88,310 shares, compared to its average volume of 25,267. The stock has a market cap of $141.51, a PE ratio of -12.45, a PEG ratio of 4.77 and a beta of 0.63. PFSweb has a 52-week low of $5.83 and a 52-week high of $8.88. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.13 and a current ratio of 1.20.
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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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