Brokerages expect ChannelAdvisor Corp (NYSE:ECOM) to announce earnings per share (EPS) of $0.16 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for ChannelAdvisor’s earnings, with estimates ranging from $0.14 to $0.19. ChannelAdvisor posted earnings of $0.05 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 220%. The firm is expected to report its next quarterly earnings report on Thursday, August 13th.

On average, analysts expect that ChannelAdvisor will report full year earnings of $0.69 per share for the current financial year, with EPS estimates ranging from $0.63 to $0.80. For the next fiscal year, analysts anticipate that the company will report earnings of $0.69 per share, with EPS estimates ranging from $0.68 to $0.72. Zacks’ earnings per share averages are an average based on a survey of research firms that follow ChannelAdvisor.

ChannelAdvisor (NYSE:ECOM) last posted its quarterly earnings results on Thursday, May 7th. The software maker reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $32.03 million for the quarter, compared to analyst estimates of $31.48 million. ChannelAdvisor had a return on equity of 9.14% and a net margin of 5.99%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.08) earnings per share.

A number of equities research analysts have commented on the company. Needham & Company LLC reissued a “buy” rating and issued a $16.00 price objective (up previously from $14.00) on shares of ChannelAdvisor in a research note on Tuesday, May 19th. Zacks Investment Research raised ChannelAdvisor from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research note on Tuesday, April 14th. Finally, B. Riley lifted their target price on ChannelAdvisor from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $13.20.

Shares of ECOM stock opened at $15.38 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.52 and a current ratio of 2.52. ChannelAdvisor has a fifty-two week low of $4.39 and a fifty-two week high of $16.48. The stock has a 50 day simple moving average of $13.63 and a two-hundred day simple moving average of $10.14. The company has a market cap of $436.26 million, a P/E ratio of 51.27 and a beta of 0.91.

In related news, Director M Scot Wingo sold 55,000 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $12.39, for a total transaction of $681,450.00. Following the sale, the director now directly owns 403,226 shares in the company, valued at approximately $4,995,970.14. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 8.10% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. State of Tennessee Treasury Department acquired a new position in ChannelAdvisor during the first quarter worth about $147,000. Invesco Ltd. lifted its holdings in shares of ChannelAdvisor by 33.4% in the first quarter. Invesco Ltd. now owns 18,958 shares of the software maker’s stock valued at $137,000 after purchasing an additional 4,742 shares in the last quarter. Needham Investment Management LLC lifted its holdings in shares of ChannelAdvisor by 60.9% in the first quarter. Needham Investment Management LLC now owns 506,750 shares of the software maker’s stock valued at $3,680,000 after purchasing an additional 191,750 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of ChannelAdvisor by 17.1% in the first quarter. Wells Fargo & Company MN now owns 78,263 shares of the software maker’s stock valued at $567,000 after purchasing an additional 11,415 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new stake in shares of ChannelAdvisor in the first quarter valued at about $123,000. Hedge funds and other institutional investors own 83.28% of the company’s stock.

About ChannelAdvisor

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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