Zacks: Brokerages Anticipate Grubhub (GRUB) to Announce $0.40 EPS

Wall Street analysts predict that Grubhub (NYSE:GRUB) will report earnings of $0.40 per share for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Grubhub’s earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.46. Grubhub posted earnings per share of $0.26 in the same quarter last year, which would indicate a positive year over year growth rate of 53.8%. The firm is scheduled to issue its next quarterly earnings report on Thursday, August 2nd.

On average, analysts expect that Grubhub will report full year earnings of $1.68 per share for the current year, with EPS estimates ranging from $1.53 to $1.83. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.16 per share, with EPS estimates ranging from $1.81 to $2.33. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Grubhub.

Grubhub (NYSE:GRUB) last posted its quarterly earnings data on Tuesday, May 1st. The information services provider reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.25. The firm had revenue of $232.60 million for the quarter, compared to the consensus estimate of $229.22 million. Grubhub had a return on equity of 9.73% and a net margin of 14.75%. The company’s quarterly revenue was up 49.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.29 EPS.

Several research firms recently issued reports on GRUB. Wells Fargo reiterated a “hold” rating and issued a $90.00 price objective on shares of Grubhub in a report on Wednesday, May 2nd. Barclays boosted their target price on Grubhub from $73.00 to $75.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 2nd. Roth Capital boosted their target price on Grubhub from $65.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Morgan Stanley boosted their target price on Grubhub from $100.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 2nd. Finally, Canaccord Genuity boosted their target price on Grubhub from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $92.16.

Shares of GRUB stock traded up $0.42 on Friday, hitting $103.80. The stock had a trading volume of 1,031,500 shares, compared to its average volume of 1,709,162. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $9.26 billion, a PE ratio of 105.92, a P/E/G ratio of 3.39 and a beta of 0.98. Grubhub has a 1 year low of $41.35 and a 1 year high of $112.41.

In other news, SVP Margo Drucker sold 9,092 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $96.36, for a total transaction of $876,105.12. Following the completion of the transaction, the senior vice president now directly owns 9,192 shares of the company’s stock, valued at approximately $885,741.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Adam Dewitt sold 2,500 shares of the company’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $99.18, for a total value of $247,950.00. Following the transaction, the chief financial officer now directly owns 18,546 shares of the company’s stock, valued at $1,839,392.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 74,875 shares of company stock valued at $7,283,530. Insiders own 2.37% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in GRUB. Signaturefd LLC acquired a new stake in shares of Grubhub in the 1st quarter valued at about $101,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Grubhub in the 3rd quarter valued at about $105,000. QS Investors LLC acquired a new stake in shares of Grubhub in the 4th quarter valued at about $129,000. Meeder Asset Management Inc. acquired a new stake in shares of Grubhub in the 1st quarter valued at about $138,000. Finally, Fortis Advisors LLC acquired a new stake in shares of Grubhub in the 1st quarter valued at about $173,000.

About Grubhub

GrubHub Inc, together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 80,000 local restaurants with diners in approximately 1,600 cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites for iPhone, Android, iPad, Apple Watch, and Apple TV devices; and operates Grubhub, Seamless, and Eat24 Websites through grubhub.com, seamless.com, and eat24.com.

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Earnings History and Estimates for Grubhub (NYSE:GRUB)

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