$75.93 Million in Sales Expected for PFSweb, Inc. (PFSW) This Quarter

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Equities analysts predict that PFSweb, Inc. (NASDAQ:PFSW) will post $75.93 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for PFSweb’s earnings. The lowest sales estimate is $73.45 million and the highest is $78.41 million. PFSweb reported sales of $77.32 million during the same quarter last year, which indicates a negative year-over-year growth rate of 1.8%. The business is scheduled to issue its next earnings results on Wednesday, November 14th.

On average, analysts expect that PFSweb will report full year sales of $332.91 million for the current financial year, with estimates ranging from $330.96 million to $334.85 million. For the next fiscal year, analysts anticipate that the firm will report sales of $344.86 million, with estimates ranging from $334.09 million to $355.63 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover PFSweb.

PFSweb (NASDAQ:PFSW) last posted its quarterly earnings results on Thursday, August 9th. The business services provider reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.11. PFSweb had a return on equity of 14.43% and a net margin of 0.65%. The business had revenue of $77.05 million for the quarter, compared to the consensus estimate of $74.68 million.

A number of research analysts recently weighed in on the company. ValuEngine downgraded PFSweb from a “buy” rating to a “hold” rating in a research note on Thursday, June 28th. Zacks Investment Research downgraded PFSweb from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 12th. Finally, Needham & Company LLC assumed coverage on PFSweb in a research note on Wednesday, July 18th. They set a “buy” rating and a $12.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $10.60.

PFSW stock traded down $0.01 during trading on Monday, reaching $7.04. 37,564 shares of the stock were exchanged, compared to its average volume of 57,756. PFSweb has a twelve month low of $5.90 and a twelve month high of $11.86. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.21 and a current ratio of 1.30. The company has a market cap of $142.51 million, a P/E ratio of 35.20 and a beta of 0.44.

Several institutional investors have recently modified their holdings of PFSW. BlackRock Inc. raised its stake in shares of PFSweb by 205.4% in the second quarter. BlackRock Inc. now owns 1,031,050 shares of the business services provider’s stock worth $10,022,000 after purchasing an additional 693,474 shares during the last quarter. Northern Trust Corp raised its stake in shares of PFSweb by 428.2% in the second quarter. Northern Trust Corp now owns 165,712 shares of the business services provider’s stock worth $1,611,000 after purchasing an additional 134,340 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of PFSweb by 20.8% in the second quarter. Renaissance Technologies LLC now owns 641,139 shares of the business services provider’s stock worth $6,232,000 after purchasing an additional 110,388 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of PFSweb by 895.2% in the second quarter. Acadian Asset Management LLC now owns 82,755 shares of the business services provider’s stock worth $804,000 after purchasing an additional 74,440 shares during the last quarter. Finally, EAM Investors LLC purchased a new stake in shares of PFSweb in the second quarter worth approximately $671,000. 63.32% of the stock is owned by hedge funds and other institutional investors.

About PFSweb

PFSweb, Inc provides omni-channel commerce solutions in the United States, Europe, Canada, and India. It operates through two segments, PFSweb, and Business and Retail Connect. The company offers strategic commerce consulting services, including commerce strategy, omni-channel consulting, digital opportunity audit, organizational/operational readiness, and platform evaluation/selection services; and strategy, design, and digital marketing services, such as digital strategy, design, user experience, interactive development, SEO and paid search, affiliate marketing, conversion optimization, storefront management, email marketing, and digital analytics.

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