InnerWorkings (NASDAQ:INWK) posted its earnings results on Thursday. The business services provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.08), Morningstar.com reports. InnerWorkings had a return on equity of 3.93% and a net margin of 0.61%. The business had revenue of $270.85 million for the quarter, compared to analyst estimates of $294.87 million. InnerWorkings updated its FY 2018 guidance to $0.17-0.20 EPS.
Shares of NASDAQ INWK traded down $2.80 during midday trading on Friday, reaching $4.24. The stock had a trading volume of 989,159 shares, compared to its average volume of 163,720. The company has a market capitalization of $370.42 million, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 1.72 and a beta of 1.53. InnerWorkings has a twelve month low of $3.93 and a twelve month high of $11.04. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.92 and a current ratio of 1.04.
In other news, CEO Richard S. Stoddart purchased 6,847 shares of the company’s stock in a transaction dated Tuesday, August 21st. The shares were purchased at an average price of $7.67 per share, for a total transaction of $52,516.49. Following the transaction, the chief executive officer now owns 85,878 shares of the company’s stock, valued at $658,684.26. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 6.40% of the stock is currently owned by insiders.
Several research firms recently commented on INWK. Craig Hallum downgraded shares of InnerWorkings from a “buy” rating to a “hold” rating and set a $10.00 target price on the stock. in a research report on Wednesday, August 1st. Zacks Investment Research downgraded shares of InnerWorkings from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 17th. BidaskClub downgraded shares of InnerWorkings from a “sell” rating to a “strong sell” rating in a research report on Thursday. ValuEngine upgraded shares of InnerWorkings from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 1st. Finally, Barrington Research restated a “hold” rating on shares of InnerWorkings in a research report on Wednesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. InnerWorkings has a consensus rating of “Hold” and a consensus target price of $11.33.
InnerWorkings, Inc provides marketing execution solutions in North America and internationally. 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.
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