InnerWorkings (NASDAQ:INWK) is scheduled to be releasing its earnings data after the market closes on Thursday, November 8th. Analysts expect InnerWorkings to post earnings of $0.12 per share for the quarter.
InnerWorkings (NASDAQ:INWK) last issued its quarterly earnings data on Tuesday, August 14th. The business services provider reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.02). The company had revenue of $281.97 million for the quarter, compared to the consensus estimate of $291.22 million. InnerWorkings had a net margin of 0.61% and a return on equity of 3.93%. On average, analysts expect InnerWorkings to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of NASDAQ INWK opened at $7.16 on Wednesday. The firm has a market cap of $375.63 million, a price-to-earnings ratio of 17.46, a P/E/G ratio of 1.75 and a beta of 1.53. InnerWorkings has a 52-week low of $5.90 and a 52-week high of $11.53. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.04 and a quick ratio of 0.92.
A number of brokerages have issued reports on INWK. Craig Hallum cut InnerWorkings from a “buy” rating to a “hold” rating and set a $10.00 price objective for the company. in a report on Wednesday, August 1st. BidaskClub lowered InnerWorkings from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 25th. ValuEngine upgraded InnerWorkings from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 1st. Barrington Research restated a “hold” rating on shares of InnerWorkings in a research note on Wednesday, August 22nd. Finally, Zacks Investment Research lowered InnerWorkings from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $11.33.
In other InnerWorkings news, CEO Richard S. Stoddart bought 6,847 shares of the stock in a transaction dated Tuesday, August 21st. The stock was bought at an average cost of $7.67 per share, for a total transaction of $52,516.49. Following the completion of the purchase, the chief executive officer now owns 85,878 shares in the company, valued at approximately $658,684.26. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.40% of the company’s stock.
An institutional investor recently raised its position in InnerWorkings stock. Bank of New York Mellon Corp increased its position in InnerWorkings, Inc. (NASDAQ:INWK) by 8.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 220,552 shares of the business services provider’s stock after purchasing an additional 16,379 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.42% of InnerWorkings worth $1,916,000 as of its most recent SEC filing. Institutional investors own 82.54% of the company’s stock.
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InnerWorkings Company Profile
InnerWorkings, Inc provides marketing execution solutions in North America and internationally. 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.
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