E2open Parent (NYSE:ETWO) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

E2open Parent (NYSE:ETWO) issued its quarterly earnings data on Friday. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01), Zacks reports. E2open Parent had a negative net margin of 125.70% and a positive return on equity of 3.92%.

E2open Parent Stock Down 5.2 %

Shares of ETWO opened at $2.57 on Friday. The stock has a 50 day moving average price of $2.96 and a 200 day moving average price of $3.73. The stock has a market capitalization of $880.66 million, a price-to-earnings ratio of -1.00, a PEG ratio of 1.16 and a beta of 1.00. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.03 and a current ratio of 1.03. E2open Parent has a one year low of $2.52 and a one year high of $5.07.

Analysts Set New Price Targets

A number of research analysts have weighed in on ETWO shares. Loop Capital decreased their price objective on shares of E2open Parent from $4.00 to $3.00 and set a “hold” rating for the company in a research report on Monday, December 23rd. The Goldman Sachs Group lowered E2open Parent from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $3.50 to $2.90 in a report on Wednesday, December 11th.

About E2open Parent

E2open Parent Holdings, Inc provides cloud-based and end-to-end supply chain management and orchestration SaaS platform in the Americas, Europe, and the Asia Pacific. Its SaaS platform includes various key strategic and operational areas, including omni-channel, demand sensing, supply planning, global trade management, transportation and logistics and manufacturing and supply management.