Brokerages Anticipate CommerceHub (CHUBA) to Announce $0.12 EPS

Equities research analysts expect CommerceHub (NASDAQ:CHUBA) to announce $0.12 earnings per share for the current quarter, Zacks reports. Five analysts have issued estimates for CommerceHub’s earnings, with the highest EPS estimate coming in at $0.14 and the lowest estimate coming in at $0.10. CommerceHub posted earnings of $0.08 per share in the same quarter last year, which would suggest a positive year over year growth rate of 50%. The firm is scheduled to report its next quarterly earnings results on Wednesday, August 1st.

According to Zacks, analysts expect that CommerceHub will report full-year earnings of $0.67 per share for the current financial year, with EPS estimates ranging from $0.54 to $0.73. For the next financial year, analysts forecast that the company will report earnings of $0.75 per share, with EPS estimates ranging from $0.64 to $0.82. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow CommerceHub.

CommerceHub (NASDAQ:CHUBA) last released its earnings results on Tuesday, May 8th. The technology company reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.02. The company had revenue of $26.26 million during the quarter, compared to the consensus estimate of $26.99 million. CommerceHub had a return on equity of 37.92% and a net margin of 6.73%.

A number of analysts recently weighed in on the company. BidaskClub downgraded CommerceHub from a “hold” rating to a “sell” rating in a research report on Saturday. ValuEngine upgraded CommerceHub from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. DA Davidson downgraded CommerceHub from a “buy” rating to a “neutral” rating and set a $27.00 price objective for the company. in a research report on Wednesday, March 7th. First Analysis downgraded CommerceHub from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 6th. Finally, Zacks Investment Research upgraded CommerceHub from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $26.17.

NASDAQ:CHUBA traded down $0.01 during mid-day trading on Friday, reaching $22.71. The stock had a trading volume of 69,255 shares, compared to its average volume of 165,466. The company has a market capitalization of $988.43 million, a price-to-earnings ratio of 61.38, a PEG ratio of 3.24 and a beta of -0.68. CommerceHub has a one year low of $22.71 and a one year high of $22.72.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in shares of CommerceHub by 5.9% during the fourth quarter. BlackRock Inc. now owns 945,521 shares of the technology company’s stock valued at $20,793,000 after acquiring an additional 52,333 shares in the last quarter. Glazer Capital LLC bought a new position in shares of CommerceHub during the first quarter valued at approximately $10,970,000. Renaissance Technologies LLC raised its holdings in shares of CommerceHub by 6.9% during the fourth quarter. Renaissance Technologies LLC now owns 355,900 shares of the technology company’s stock valued at $7,826,000 after acquiring an additional 23,000 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of CommerceHub during the first quarter valued at approximately $7,147,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of CommerceHub by 11.5% during the first quarter. Dimensional Fund Advisors LP now owns 285,283 shares of the technology company’s stock valued at $6,419,000 after acquiring an additional 29,404 shares in the last quarter. Hedge funds and other institutional investors own 28.77% of the company’s stock.

About CommerceHub

CommerceHub, Inc, together with its subsidiaries, provides cloud-based e-commerce fulfillment and marketing solutions for large retailers, consumer brands, and marketplaces primarily in the United States and Canada. The company provides assortment expansion solutions, which enable its retailer customers to communicate electronically with their drop-ship suppliers; and demand channel solutions that allow sellers to upload their entire product catalog to platform and then transform and syndicate that product catalog to a range of e-commerce demand channels to facilitate consumer demand generation.

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