Analysts Expect GrubHub Inc (NYSE:GRUB) Will Post Earnings of $0.29 Per Share

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Brokerages predict that GrubHub Inc (NYSE:GRUB) will report earnings per share (EPS) of $0.29 for the current quarter, according to Zacks. Nine analysts have issued estimates for GrubHub’s earnings. The lowest EPS estimate is $0.25 and the highest is $0.40. GrubHub posted earnings per share of $0.45 in the same quarter last year, which suggests a negative year-over-year growth rate of 35.6%. The company is scheduled to announce its next quarterly earnings report on Thursday, October 24th.

According to Zacks, analysts expect that GrubHub will report full-year earnings of $1.32 per share for the current fiscal year, with EPS estimates ranging from $1.17 to $1.59. For the next year, analysts expect that the company will post earnings of $2.04 per share, with EPS estimates ranging from $1.56 to $2.49. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for GrubHub.

GrubHub (NYSE:GRUB) last posted its quarterly earnings results on Tuesday, July 30th. The information services provider reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.13. The business had revenue of $325.06 million for the quarter, compared to the consensus estimate of $317.39 million. GrubHub had a return on equity of 4.25% and a net margin of 2.17%. The company’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.50 EPS.

Several analysts have weighed in on the company. Credit Suisse Group dropped their price target on GrubHub from $140.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Gordon Haskett assumed coverage on GrubHub in a research note on Monday, May 20th. They set a “buy” rating and a $75.00 price target on the stock. Benchmark reiterated a “buy” rating and set a $90.00 price target on shares of GrubHub in a research note on Wednesday, July 31st. Wedbush set a $90.00 price target on GrubHub and gave the company an “in-line” rating in a research note on Wednesday, July 31st. Finally, ValuEngine raised GrubHub from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $96.14.

GrubHub stock traded up $1.39 during trading hours on Friday, hitting $59.94. 2,344,900 shares of the stock traded hands, compared to its average volume of 3,825,620. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.42 and a quick ratio of 2.42. The firm’s 50 day moving average price is $72.50 and its 200-day moving average price is $71.82. The stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of 48.73, a P/E/G ratio of 3.26 and a beta of 1.21. GrubHub has a 1 year low of $57.37 and a 1 year high of $149.35.

In other news, CFO Adam Dewitt sold 2,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $75.45, for a total value of $150,900.00. Following the completion of the transaction, the chief financial officer now owns 44,044 shares of the company’s stock, valued at approximately $3,323,119.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Margo Drucker sold 15,489 shares of the business’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $74.99, for a total value of $1,161,520.11. Following the completion of the transaction, the senior vice president now directly owns 12,574 shares of the company’s stock, valued at approximately $942,924.26. The disclosure for this sale can be found here. In the last three months, insiders sold 26,511 shares of company stock valued at $1,939,926. Insiders own 1.88% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Elkfork Partners LLC acquired a new position in GrubHub in the 2nd quarter worth about $26,000. First Hawaiian Bank acquired a new position in GrubHub in the 1st quarter worth about $30,000. Meadow Creek Investment Management LLC acquired a new position in GrubHub in the 2nd quarter worth about $33,000. YorkBridge Wealth Partners LLC acquired a new position in GrubHub in the 1st quarter worth about $35,000. Finally, Glen Harbor Capital Management LLC acquired a new position in GrubHub in the 2nd quarter worth about $40,000.

About GrubHub

Grubhub Inc, together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 105,000 local restaurants with diners with diners in various cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites; and operates Websites through grubhub.com, seamless.com, eat24.com, and menupages.com.

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Earnings History and Estimates for GrubHub (NYSE:GRUB)

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