E2open Parent Holdings, Inc. (NYSE:ETWO) Expected to Announce Earnings of $0.08 Per Share

Equities research analysts expect E2open Parent Holdings, Inc. (NYSE:ETWOGet Rating) to report earnings per share of $0.08 for the current quarter, Zacks reports. Zero analysts have made estimates for E2open Parent’s earnings. E2open Parent posted earnings of ($0.76) per share during the same quarter last year, which indicates a positive year over year growth rate of 110.5%. The business is expected to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that E2open Parent will report full-year earnings of $0.32 per share for the current year. For the next financial year, analysts forecast that the firm will report earnings of $0.40 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover E2open Parent.

Several research analysts recently weighed in on ETWO shares. Craig Hallum started coverage on shares of E2open Parent in a research note on Tuesday, January 25th. They issued a “buy” rating and a $14.00 target price for the company. Zacks Investment Research downgraded shares of E2open Parent from a “hold” rating to a “sell” rating in a research note on Monday, May 9th. Colliers Securities raised shares of E2open Parent from a “neutral” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Wednesday, March 23rd. Bank of America raised shares of E2open Parent from a “neutral” rating to a “buy” rating in a research note on Thursday, April 21st. Finally, Loop Capital cut their target price on shares of E2open Parent from $16.00 to $12.00 in a research note on Thursday, April 28th.

Shares of ETWO stock opened at $7.76 on Friday. The firm has a 50-day moving average price of $8.43 and a 200 day moving average price of $9.73. E2open Parent has a twelve month low of $7.14 and a twelve month high of $14.58. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.81 and a quick ratio of 0.81.

In related news, CFO Jarett Janik purchased 5,000 shares of the business’s stock in a transaction on Tuesday, May 3rd. The shares were bought at an average price of $8.33 per share, with a total value of $41,650.00. Following the completion of the purchase, the chief financial officer now directly owns 83,270 shares in the company, valued at approximately $693,639.10. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Eva F. Huston sold 15,000 shares of the stock in a transaction that occurred on Thursday, May 12th. The stock was sold at an average price of $7.52, for a total transaction of $112,800.00. Following the transaction, the director now directly owns 52,912 shares in the company, valued at approximately $397,898.24. The disclosure for this sale can be found here. Company insiders own 7.06% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Pearl River Capital LLC raised its stake in shares of E2open Parent by 2.3% in the 3rd quarter. Pearl River Capital LLC now owns 49,980 shares of the company’s stock valued at $565,000 after acquiring an additional 1,102 shares during the period. Teacher Retirement System of Texas raised its stake in shares of E2open Parent by 4.7% in the 1st quarter. Teacher Retirement System of Texas now owns 30,483 shares of the company’s stock valued at $269,000 after acquiring an additional 1,362 shares during the period. SG Americas Securities LLC raised its stake in shares of E2open Parent by 12.5% in the 1st quarter. SG Americas Securities LLC now owns 15,864 shares of the company’s stock valued at $140,000 after acquiring an additional 1,765 shares during the period. Dark Forest Capital Management LP purchased a new position in shares of E2open Parent in the 3rd quarter valued at $26,000. Finally, Nisa Investment Advisors LLC purchased a new position in shares of E2open Parent in the 1st quarter valued at $28,000. 98.09% of the stock is currently owned by institutional investors and hedge funds.

About E2open Parent (Get Rating)

E2open Parent Holdings, Inc provides cloud-based and end-to-end supply chain management SaaS platform in the Americas, Europe, and the Asia Pacific. The company's software solutions orchestrate supply chains and realize value and return on investment for its blue-chip customers. Its software combines networks, data, and applications to provide a platform that allows customers to optimize their supply chain across channel shaping, demand sensing, business planning, global trade management, transportation and logistics, collaborative manufacturing, and supply management.

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