InnerWorkings, Inc. (NASDAQ:INWK) – Barrington Research lowered their Q4 2017 EPS estimates for shares of InnerWorkings in a research note issued on Wednesday. Barrington Research analyst K. Steinke now expects that the business services provider will earn $0.12 per share for the quarter, down from their prior estimate of $0.14. Barrington Research also issued estimates for InnerWorkings’ FY2018 earnings at $0.54 EPS.
InnerWorkings (NASDAQ:INWK) last issued its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02. The firm had revenue of $288.40 million for the quarter, compared to analyst estimates of $289.82 million. InnerWorkings had a net margin of 2.04% and a return on equity of 9.53%. InnerWorkings’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $0.11 EPS. TRADEMARK VIOLATION WARNING: This news story was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this news story on another website, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this news story can be viewed at https://sportsperspectives.com/2017/11/11/q4-2017-earnings-forecast-for-innerworkings-inc-issued-by-barrington-research-inwk.html.
INWK has been the topic of a number of other reports. Zacks Investment Research raised shares of InnerWorkings from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Thursday. Dougherty & Co began coverage on shares of InnerWorkings in a research note on Tuesday, October 31st. They issued a “buy” rating and a $14.00 price target on the stock. BidaskClub downgraded shares of InnerWorkings from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Finally, Lake Street Capital began coverage on shares of InnerWorkings in a report on Monday, October 2nd. They issued a “buy” rating and a $14.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. InnerWorkings presently has a consensus rating of “Buy” and an average price target of $13.60.
InnerWorkings (INWK) opened at $10.32 on Friday. The firm has a market cap of $560.16, a PE ratio of 22.02, a P/E/G ratio of 1.60 and a beta of 1.70. InnerWorkings has a 12 month low of $8.16 and a 12 month high of $12.03. The company has a quick ratio of 1.50, a current ratio of 1.86 and a debt-to-equity ratio of 0.51.
A number of hedge funds have recently added to or reduced their stakes in INWK. Stifel Financial Corp acquired a new stake in InnerWorkings in the 2nd quarter valued at about $7,623,000. Renaissance Technologies LLC raised its holdings in InnerWorkings by 75.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,055,500 shares of the business services provider’s stock valued at $12,244,000 after acquiring an additional 453,200 shares during the last quarter. American Century Companies Inc. raised its holdings in InnerWorkings by 31.4% in the 3rd quarter. American Century Companies Inc. now owns 1,377,614 shares of the business services provider’s stock valued at $15,498,000 after acquiring an additional 329,304 shares during the last quarter. Mutual of America Capital Management LLC acquired a new stake in InnerWorkings in the 3rd quarter valued at about $2,784,000. Finally, Vanguard Group Inc. raised its holdings in InnerWorkings by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 3,509,465 shares of the business services provider’s stock valued at $34,955,000 after acquiring an additional 173,364 shares during the last quarter. Institutional investors own 79.57% of the company’s stock.
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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