Barrington Research Weighs in on InnerWorkings, Inc.’s FY2017 Earnings (INWK)

InnerWorkings, Inc. (NASDAQ:INWK) – Equities research analysts at Barrington Research boosted their FY2017 EPS estimates for shares of InnerWorkings in a research note issued to investors on Wednesday. Barrington Research analyst K. Steinke now forecasts that the business services provider will earn $0.48 per share for the year, up from their prior estimate of $0.47.

Other equities research analysts have also issued reports about the company. Zacks Investment Research upgraded InnerWorkings from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Thursday, November 9th. Dougherty & Co started coverage on InnerWorkings in a research note on Tuesday, October 31st. They set a “buy” rating and a $14.00 price objective for the company. BidaskClub lowered InnerWorkings from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Finally, Lake Street Capital started coverage on InnerWorkings in a research note on Monday, October 2nd. They set a “buy” rating and a $14.00 price objective for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $13.60.

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InnerWorkings (INWK) opened at $10.41 on Monday. The firm has a market capitalization of $562.87, a PE ratio of 22.13, a P/E/G ratio of 1.59 and a beta of 1.70. InnerWorkings has a fifty-two week low of $8.84 and a fifty-two week high of $12.03. The company has a quick ratio of 1.63, a current ratio of 1.86 and a debt-to-equity ratio of 0.51.

InnerWorkings (NASDAQ:INWK) last released its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The company had revenue of $288.40 million during the quarter, compared to analysts’ expectations of $289.82 million. InnerWorkings had a return on equity of 9.53% and a net margin of 2.04%. InnerWorkings’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.11 EPS.

A number of large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its stake in InnerWorkings by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,603,057 shares of the business services provider’s stock worth $45,846,000 after buying an additional 26,438 shares in the last quarter. Vanguard Group Inc. grew its position in shares of InnerWorkings by 4.6% in the second quarter. Vanguard Group Inc. now owns 3,669,795 shares of the business services provider’s stock valued at $42,570,000 after purchasing an additional 160,330 shares in the last quarter. American Century Companies Inc. grew its position in shares of InnerWorkings by 31.4% in the third quarter. American Century Companies Inc. now owns 1,377,614 shares of the business services provider’s stock valued at $15,498,000 after purchasing an additional 329,304 shares in the last quarter. Eagle Boston Investment Management Inc. grew its position in shares of InnerWorkings by 2.3% in the second quarter. Eagle Boston Investment Management Inc. now owns 1,099,398 shares of the business services provider’s stock valued at $12,753,000 after purchasing an additional 24,889 shares in the last quarter. Finally, Boston Partners grew its position in shares of InnerWorkings by 7.2% in the third quarter. Boston Partners now owns 1,065,420 shares of the business services provider’s stock valued at $11,986,000 after purchasing an additional 71,210 shares in the last quarter. Institutional investors own 80.70% 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.

Earnings History and Estimates for InnerWorkings (NASDAQ:INWK)

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