E2open Parent (NYSE:ETWO) Announces Earnings Results

E2open Parent (NYSE:ETWO) posted its quarterly earnings results on Friday. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates 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 E2open Parent stock opened at $2.57 on Friday. The stock has a market capitalization of $880.66 million, a PE ratio of -1.00, a price-to-earnings-growth ratio of 1.16 and a beta of 1.00. E2open Parent has a 52-week low of $2.52 and a 52-week high of $5.07. The company has a 50-day simple moving average of $2.96 and a two-hundred day simple moving average of $3.73. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.03 and a current ratio of 1.03.

Analyst Upgrades and Downgrades

ETWO has been the subject of several research analyst reports. The Goldman Sachs Group lowered E2open Parent from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $3.50 to $2.90 in a research report on Wednesday, December 11th. Loop Capital dropped their price target on shares of E2open Parent from $4.00 to $3.00 and set a “hold” rating on the stock in a research report on Monday, December 23rd.

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.