Autoweb Inc (AUTO) Expected to Post Quarterly Sales of $33.02 Million

Wall Street brokerages expect Autoweb Inc (NASDAQ:AUTO) to report $33.02 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Autoweb’s earnings, with estimates ranging from $31.94 million to $34.09 million. Autoweb posted sales of $37.34 million in the same quarter last year, which suggests a negative year-over-year growth rate of 11.6%. The firm is scheduled to announce its next quarterly earnings report on Thursday, May 3rd.

On average, analysts expect that Autoweb will report full year sales of $33.02 million for the current fiscal year, with estimates ranging from $125.45 million to $138.68 million. For the next financial year, analysts forecast that the company will post sales of $138.34 million per share, with estimates ranging from $125.37 million to $151.31 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Autoweb.

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Autoweb (NASDAQ:AUTO) last announced its quarterly earnings results on Thursday, March 8th. The information services provider reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.17). Autoweb had a negative net margin of 45.71% and a positive return on equity of 3.48%. The company had revenue of $33.32 million for the quarter, compared to analyst estimates of $35.35 million.

A number of equities research analysts have weighed in on the stock. ValuEngine cut shares of Autoweb from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research cut shares of Autoweb from a “hold” rating to a “strong sell” rating in a research report on Thursday. TheStreet cut shares of Autoweb from a “c-” rating to a “d” rating in a research report on Tuesday. B. Riley cut shares of Autoweb from a “buy” rating to a “neutral” rating and set a $4.90 price target for the company. in a research report on Friday, March 9th. Finally, Barrington Research reiterated a “market perform” rating on shares of Autoweb in a research report on Friday, March 9th. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Autoweb presently has an average rating of “Hold” and a consensus target price of $7.45.

Shares of Autoweb (NASDAQ:AUTO) opened at $3.43 on Friday. Autoweb has a 12-month low of $3.42 and a 12-month high of $14.30. The firm has a market cap of $46.42, a PE ratio of -0.67 and a beta of 1.08. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.99 and a current ratio of 2.99.

In related news, EVP Kimberly Boren sold 5,739 shares of Autoweb stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $9.27, for a total value of $53,200.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 20.73% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. AXA acquired a new position in shares of Autoweb in the fourth quarter valued at approximately $129,000. Tocqueville Asset Management L.P. acquired a new position in shares of Autoweb in the fourth quarter valued at approximately $134,000. Bingham Osborn & Scarborough LLC acquired a new position in shares of Autoweb in the fourth quarter valued at approximately $135,000. Acadian Asset Management LLC acquired a new position in shares of Autoweb in the fourth quarter valued at approximately $141,000. Finally, Virtu Financial LLC acquired a new position in shares of Autoweb in the fourth quarter valued at approximately $143,000. Hedge funds and other institutional investors own 50.29% of the company’s stock.

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Autoweb Company Profile

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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