InnerWorkings, Inc. (NASDAQ:INWK) – Stock analysts at Barrington Research issued their Q1 2018 EPS estimates for InnerWorkings in a research note issued on Wednesday, March 14th, Zacks Investment Research reports. Barrington Research analyst K. Steinke anticipates that the business services provider will post earnings per share of $0.08 for the quarter. Barrington Research also issued estimates for InnerWorkings’ Q2 2018 earnings at $0.14 EPS, Q3 2018 earnings at $0.17 EPS, Q4 2018 earnings at $0.18 EPS, FY2018 earnings at $0.56 EPS and FY2019 earnings at $0.65 EPS.
A number of other research firms also recently issued reports on INWK. BidaskClub raised shares of InnerWorkings from a “strong sell” rating to a “sell” rating in a report on Saturday. Lake Street Capital reissued a “buy” rating and issued a $13.00 price objective (down previously from $14.00) on shares of InnerWorkings in a report on Tuesday, March 13th. Zacks Investment Research raised shares of InnerWorkings from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Friday, January 12th. Finally, ValuEngine downgraded shares of InnerWorkings from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Three research analysts have rated the stock with a sell rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $13.20.
Shares of INWK traded down $0.10 on Friday, reaching $9.39. The company’s stock had a trading volume of 250,240 shares, compared to its average volume of 363,000. The company has a current ratio of 1.84, a quick ratio of 1.67 and a debt-to-equity ratio of 0.44. The company has a market cap of $503.18, a price-to-earnings ratio of 22.90, a PEG ratio of 1.22 and a beta of 1.62. InnerWorkings has a 12-month low of $8.19 and a 12-month high of $12.03.
InnerWorkings (NASDAQ:INWK) last posted its quarterly earnings data on Monday, March 12th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). The business had revenue of $301.00 million during the quarter, compared to analysts’ expectations of $304.90 million. InnerWorkings had a return on equity of 8.01% and a net margin of 1.67%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.12 EPS.
A number of large investors have recently modified their holdings of the business. ArrowMark Colorado Holdings LLC lifted its holdings in InnerWorkings by 40.8% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 4,105,898 shares of the business services provider’s stock valued at $41,182,000 after purchasing an additional 1,189,560 shares in the last quarter. Cardinal Capital Management LLC CT lifted its holdings in InnerWorkings by 18.8% during the fourth quarter. Cardinal Capital Management LLC CT now owns 2,138,402 shares of the business services provider’s stock valued at $21,448,000 after purchasing an additional 337,828 shares in the last quarter. American Century Companies Inc. lifted its holdings in InnerWorkings by 53.6% during the fourth quarter. American Century Companies Inc. now owns 2,115,965 shares of the business services provider’s stock valued at $21,223,000 after purchasing an additional 738,351 shares in the last quarter. Eagle Boston Investment Management Inc. lifted its holdings in InnerWorkings by 4.6% during the fourth quarter. Eagle Boston Investment Management Inc. now owns 1,148,746 shares of the business services provider’s stock valued at $11,521,000 after purchasing an additional 50,225 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in InnerWorkings by 6.4% during the fourth quarter. Renaissance Technologies LLC now owns 933,300 shares of the business services provider’s stock valued at $9,361,000 after purchasing an additional 56,300 shares in the last quarter. 81.86% of the stock is currently owned by institutional investors and hedge funds.
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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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