Analysts Anticipate Web.com Group Inc (WEB) to Announce $0.55 EPS
Web.com Group Inc (NYSE:WEB) has been assigned an average broker rating score of 1.64 (Buy) from the eleven brokers that cover the stock, Zacks Investment Research reports. Three analysts have rated the stock with a hold recommendation, one has given a buy recommendation and seven have assigned a strong buy recommendation to the company. Web.com Group’s rating score has declined by 9.3% in the last 90 days as a result of various analysts’ ratings changes.
Brokers have set a 1-year consensus price target of $25.10 for the company and are predicting that the company will post $0.55 EPS for the current quarter, according to Zacks. Zacks has also assigned Web.com Group an industry rank of 159 out of 265 based on the ratings given to related companies.
A number of analysts have recently commented on WEB shares. Zacks Investment Research lowered shares of Web.com Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 12th. Piper Jaffray Cos. reissued a “buy” rating and issued a $27.00 price objective on shares of Web.com Group in a research report on Friday, August 5th. Deutsche Bank AG cut their price objective on shares of Web.com Group from $19.00 to $17.00 and set a “hold” rating on the stock in a research report on Friday, August 5th. RBC Capital Markets reaffirmed a “hold” rating and set a $23.00 price target on shares of Web.com Group in a research report on Sunday, August 7th. Finally, B. Riley reaffirmed a “buy” rating and set a $30.00 price target on shares of Web.com Group in a research report on Friday, August 5th.
A number of hedge funds have recently bought and sold shares of the stock. B. Riley Financial Inc. increased its stake in Web.com Group by 1.7% in the second quarter. B. Riley Financial Inc. now owns 11,650 shares of the company’s stock valued at $212,000 after buying an additional 191 shares during the last quarter. Capstone Investment Advisors LLC increased its stake in Web.com Group by 31.2% in the second quarter. Capstone Investment Advisors LLC now owns 13,160 shares of the company’s stock valued at $239,000 after buying an additional 3,128 shares during the last quarter. AQR Capital Management LLC increased its stake in Web.com Group by 5.6% in the second quarter. AQR Capital Management LLC now owns 87,050 shares of the company’s stock valued at $1,583,000 after buying an additional 4,645 shares during the last quarter. MSI Financial Services Inc increased its stake in Web.com Group by 21.7% in the third quarter. MSI Financial Services Inc now owns 27,125 shares of the company’s stock valued at $468,000 after buying an additional 4,839 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC acquired a new stake in Web.com Group during the second quarter valued at about $102,000.
Shares of Web.com Group (NYSE:WEB) opened at 16.05 on Friday. The stock’s 50 day moving average is $17.41 and its 200 day moving average is $17.94. Web.com Group has a 12 month low of $15.10 and a 12 month high of $25.00. The firm has a market capitalization of $791.14 million and a price-to-earnings ratio of 9.97.
Web.com Group (NYSE:WEB) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.03. The business earned $193.90 million during the quarter, compared to the consensus estimate of $194.14 million. The business’s revenue for the quarter was up 38.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 EPS. Equities research analysts forecast that Web.com Group will post $2.61 earnings per share for the current fiscal year.
Web.com Group Company Profile
Web.com Group, Inc provides a range of Internet services to small businesses. The Company operates through Web services and products segment. The Company offers subscription-based solutions including domains, hosting, Website design and management, search engine optimization, online marketing campaigns, local sales leads, social media, mobile products and e-commerce solutions.
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