Wall Street analysts predict that SPS Commerce (NASDAQ:SPSC) will announce earnings of $0.33 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for SPS Commerce’s earnings, with estimates ranging from $0.32 to $0.34. SPS Commerce posted earnings per share of $0.23 during the same quarter last year, which would indicate a positive year-over-year growth rate of 43.5%. The company is scheduled to issue its next earnings results on Thursday, July 26th.
On average, analysts expect that SPS Commerce will report full year earnings of $1.43 per share for the current year, with EPS estimates ranging from $1.41 to $1.45. For the next fiscal year, analysts expect that the company will report earnings of $1.67 per share, with EPS estimates ranging from $1.57 to $1.78. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover SPS Commerce.
SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, April 26th. The software maker reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.08. The business had revenue of $59.09 million during the quarter, compared to analysts’ expectations of $57.81 million. SPS Commerce had a positive return on equity of 3.01% and a negative net margin of 0.95%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 earnings per share.
Several brokerages recently issued reports on SPSC. BidaskClub cut SPS Commerce from a “buy” rating to a “hold” rating in a research note on Tuesday, May 8th. ValuEngine upgraded SPS Commerce from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. JMP Securities boosted their price target on SPS Commerce from $68.00 to $75.00 and gave the company a “market outperform” rating in a research note on Friday, April 27th. Canaccord Genuity reiterated a “hold” rating and issued a $57.00 price target on shares of SPS Commerce in a research note on Friday, April 20th. Finally, Benchmark upgraded SPS Commerce from a “sell” rating to a “hold” rating in a research note on Monday, April 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $70.57.
In other SPS Commerce news, CFO Kimberly K. Nelson sold 16,700 shares of the company’s stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $71.06, for a total transaction of $1,186,702.00. Following the completion of the sale, the chief financial officer now directly owns 62,742 shares in the company, valued at $4,458,446.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael A. Smerklo sold 682 shares of the company’s stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $71.77, for a total value of $48,947.14. The disclosure for this sale can be found here. Insiders have sold 23,350 shares of company stock valued at $1,635,505 over the last 90 days. Corporate insiders own 2.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers lifted its stake in SPS Commerce by 1.8% during the first quarter. Rhumbline Advisers now owns 39,540 shares of the software maker’s stock worth $2,533,000 after purchasing an additional 711 shares during the last quarter. US Bancorp DE lifted its stake in SPS Commerce by 9.8% during the first quarter. US Bancorp DE now owns 8,863 shares of the software maker’s stock worth $568,000 after purchasing an additional 794 shares during the last quarter. Baker Avenue Asset Management LP lifted its stake in SPS Commerce by 8.9% during the first quarter. Baker Avenue Asset Management LP now owns 12,397 shares of the software maker’s stock worth $794,000 after purchasing an additional 1,016 shares during the last quarter. We Are One Seven LLC lifted its stake in SPS Commerce by 734.0% during the first quarter. We Are One Seven LLC now owns 2,060 shares of the software maker’s stock worth $132,000 after purchasing an additional 1,813 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in SPS Commerce during the first quarter worth $132,000. Hedge funds and other institutional investors own 99.51% of the company’s stock.
Shares of SPSC stock traded up $0.67 during trading on Friday, hitting $71.84. The company had a trading volume of 895 shares, compared to its average volume of 146,201. The stock has a market cap of $1.24 billion, a P/E ratio of 171.05, a price-to-earnings-growth ratio of 3.09 and a beta of 0.76. SPS Commerce has a one year low of $69.10 and a one year high of $70.92.
SPS Commerce Company Profile
SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It provides solutions through the SPS Commerce platform, a cloud-based product suite that enhances the way retailers, suppliers, distributors, logistics firms, and other trading partners manage and fulfill orders, manage sell-through performance, and source new items.
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