ChannelAdvisor (NYSE:ECOM) will be announcing its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter. ChannelAdvisor has set its Q1 2019 guidance at EPS and its FY 2019 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.
ChannelAdvisor (NYSE:ECOM) last posted its quarterly earnings data on Wednesday, February 13th. The software maker reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.17. ChannelAdvisor had a negative return on equity of 8.01% and a negative net margin of 5.79%. The company had revenue of $34.79 million during the quarter, compared to analysts’ expectations of $34.70 million. During the same quarter in the previous year, the business earned $0.08 EPS. ChannelAdvisor’s revenue was up 2.0% compared to the same quarter last year. On average, analysts expect ChannelAdvisor to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
ECOM opened at $11.58 on Tuesday. ChannelAdvisor has a 52-week low of $9.68 and a 52-week high of $15.63. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.02.
In related news, insider M Scot Wingo sold 50,000 shares of the business’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $12.63, for a total transaction of $631,500.00. Following the completion of the transaction, the insider now owns 643,024 shares in the company, valued at approximately $8,121,393.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 72,025 shares of company stock valued at $901,009. 8.10% of the stock is owned by company insiders.
An institutional investor recently raised its position in ChannelAdvisor stock. Geode Capital Management LLC grew its position in ChannelAdvisor Corp (NYSE:ECOM) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 271,091 shares of the software maker’s stock after buying an additional 11,196 shares during the quarter. Geode Capital Management LLC owned 0.99% of ChannelAdvisor worth $3,076,000 at the end of the most recent reporting period. Institutional investors own 80.10% of the company’s stock.
A number of equities analysts recently issued reports on ECOM shares. Zacks Investment Research upgraded ChannelAdvisor from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Wednesday, January 16th. ValuEngine upgraded ChannelAdvisor from a “hold” rating to a “buy” rating in a report on Thursday, February 14th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $18.67.
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ChannelAdvisor Company Profile
ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally. Its e-commerce cloud platform helps brands and retailers to improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance, and providing actionable analytics to improve competitiveness.
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