Equities research analysts expect PFSweb, Inc. (NASDAQ:PFSW) to announce sales of $90.82 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for PFSweb’s earnings. The lowest sales estimate is $87.91 million and the highest is $94.36 million. PFSweb reported sales of $102.46 million in the same quarter last year, which would suggest a negative year over year growth rate of 11.4%. The company is expected to announce its next quarterly earnings report after the market closes on Thursday, March 15th.
On average, analysts expect that PFSweb will report full-year sales of $90.82 million for the current fiscal year, with estimates ranging from $322.06 million to $328.52 million. For the next fiscal year, analysts expect that the business will report sales of $333.92 million per share, with estimates ranging from $329.14 million to $342.50 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover PFSweb.
Several research firms have weighed in on PFSW. Zacks Investment Research lowered shares of PFSweb from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Dougherty & Co assumed coverage on shares of PFSweb in a research report on Tuesday, December 19th. They issued a “buy” rating and a $9.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $10.46.
A number of large investors have recently made changes to their positions in the stock. Engine Capital Management LLC lifted its position in PFSweb by 40.3% in the fourth quarter. Engine Capital Management LLC now owns 1,428,798 shares of the business services provider’s stock valued at $10,616,000 after purchasing an additional 410,472 shares during the period. Stone Ridge Asset Management LLC acquired a new stake in shares of PFSweb in the 4th quarter worth approximately $239,000. BlueCrest Capital Management Ltd acquired a new stake in shares of PFSweb in the 4th quarter worth approximately $178,000. Penn Capital Management Co. Inc. acquired a new stake in shares of PFSweb in the 4th quarter worth approximately $1,228,000. Finally, Wells Fargo & Company MN lifted its stake in PFSweb by 187.5% during the fourth quarter. Wells Fargo & Company MN now owns 14,041 shares of the business services provider’s stock valued at $104,000 after purchasing an additional 9,157 shares during the last quarter. Hedge funds and other institutional investors own 61.91% of the company’s stock.
PFSweb Company Profile
PFSWEB, Inc is a global provider of omni-channel commerce solutions, including a range of technology, infrastructure and professional services. The Company’s service offerings include Website design, creation and integration, digital agency and marketing, e-commerce technologies, order management, customer care, logistics and fulfillment, financial management and professional consulting.
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