$22.52 Million in Sales Expected for eGain Co. (NASDAQ:EGAN) This Quarter

Equities analysts expect eGain Co. (NASDAQ:EGANGet Rating) to report $22.52 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for eGain’s earnings, with the lowest sales estimate coming in at $21.95 million and the highest estimate coming in at $23.10 million. eGain reported sales of $19.74 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.1%. The firm is scheduled to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that eGain will report full year sales of $91.46 million for the current financial year, with estimates ranging from $91.06 million to $91.87 million. For the next year, analysts expect that the business will report sales of $108.33 million, with estimates ranging from $106.39 million to $110.28 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover eGain.

eGain (NASDAQ:EGANGet Rating) last issued its quarterly earnings results on Thursday, February 3rd. The technology company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.05). The firm had revenue of $23.09 million during the quarter, compared to analysts’ expectations of $21.92 million. eGain had a return on equity of 6.38% and a net margin of 3.59%. During the same period in the previous year, the company earned $0.05 earnings per share.

Several equities research analysts recently weighed in on the company. Zacks Investment Research raised eGain from a “sell” rating to a “hold” rating in a research note on Wednesday. StockNews.com assumed coverage on eGain in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, eGain currently has a consensus rating of “Buy” and a consensus target price of $11.50.

EGAN stock traded down $0.15 during midday trading on Friday, hitting $11.49. The stock had a trading volume of 49,869 shares, compared to its average volume of 89,231. The firm has a market cap of $361.82 million, a price-to-earnings ratio of 127.68 and a beta of 0.36. The business has a 50-day moving average of $11.80 and a two-hundred day moving average of $10.86. eGain has a 52-week low of $8.50 and a 52-week high of $13.70.

In other news, Director Russell Christine sold 20,000 shares of the stock in a transaction on Tuesday, February 8th. The stock was sold at an average price of $12.21, for a total value of $244,200.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 33.30% of the company’s stock.

Several large investors have recently made changes to their positions in EGAN. Citigroup Inc. lifted its holdings in shares of eGain by 95.6% during the third quarter. Citigroup Inc. now owns 2,688 shares of the technology company’s stock valued at $27,000 after purchasing an additional 1,314 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of eGain by 462.2% during the third quarter. BNP Paribas Arbitrage SA now owns 5,212 shares of the technology company’s stock valued at $53,000 after purchasing an additional 4,285 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of eGain by 47.3% during the fourth quarter. Lazard Asset Management LLC now owns 6,537 shares of the technology company’s stock valued at $65,000 after purchasing an additional 2,099 shares in the last quarter. Parametric Portfolio Associates LLC bought a new position in shares of eGain during the fourth quarter valued at $104,000. Finally, Millennium Management LLC bought a new position in shares of eGain during the second quarter valued at $116,000. 49.35% of the stock is currently owned by hedge funds and other institutional investors.

eGain Company Profile (Get Rating)

eGain Corporation develops, licenses, implements, and supports customer service infrastructure software solutions in North America, Europe, the Middle East, Africa, and the Asia Pacific. It provides unified cloud software solutions to automate, augment, and orchestrate customer engagement. It also offers subscription services that provides customers with access to its software on a cloud-based platform; and professional services, such as consulting, implementation, and training services.

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