SPS Commerce, Inc. (NASDAQ:SPSC) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.20 – $0.21 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.21. The company issued revenue guidance of $57.20 million – $57.70 million, compared to the consensus revenue estimate of $58.58 million.
Shares of SPS Commerce, Inc. (NASDAQ SPSC) opened at $47.10 on Friday. The firm has a market cap of $811.25, a price-to-earnings ratio of 71.36, a price-to-earnings-growth ratio of 3.18 and a beta of 1.07. SPS Commerce, Inc. has a twelve month low of $45.03 and a twelve month high of $73.16.
SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Thursday, October 26th. The software maker reported $0.23 EPS for the quarter, topping the consensus estimate of $0.20 by $0.03. The business had revenue of $56.15 million during the quarter, compared to analyst estimates of $56.15 million. SPS Commerce had a net margin of 3.97% and a return on equity of 4.25%. The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 earnings per share. research analysts anticipate that SPS Commerce, Inc. will post 0.59 EPS for the current fiscal year.
SPS Commerce declared that its board has authorized a stock buyback plan on Thursday, November 2nd that allows the company to buyback $50.00 million in shares. This buyback authorization allows the software maker to buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.
Several equities analysts have recently weighed in on SPSC shares. Oppenheimer Holdings, Inc. restated a buy rating on shares of SPS Commerce in a research report on Tuesday, August 8th. Zacks Investment Research raised shares of SPS Commerce from a hold rating to a buy rating and set a $65.00 price objective for the company in a research note on Wednesday, August 2nd. Northland Securities set a $84.00 price objective on shares of SPS Commerce and gave the company a buy rating in a research note on Thursday, July 27th. Stifel Nicolaus reduced their price target on shares of SPS Commerce from $75.00 to $68.00 and set a buy rating for the company in a research report on Friday, October 27th. Finally, KeyCorp reissued a hold rating on shares of SPS Commerce in a research report on Friday, August 25th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. SPS Commerce currently has an average rating of Hold and an average target price of $69.78.
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SPS Commerce Company Profile
SPS Commerce, Inc is a provider of cloud-based supply chain management solutions, providing network-proven fulfillment, sourcing and item assortment management solutions, along with retail performance analytics. The Company provides its solutions through the SPS Commerce platform, a cloud-based product suite that manages the way suppliers, retailers, distributors and logistics firms orchestrate the sourcing, set up of new vendors and items, and fulfillment of products that customers buy from retailers and suppliers.
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