Wall Street brokerages forecast that SPS Commerce, Inc. (NASDAQ:SPSC) will post earnings per share (EPS) of $0.41 for the current quarter, Zacks reports. Five analysts have provided estimates for SPS Commerce’s earnings, with estimates ranging from $0.40 to $0.42. SPS Commerce reported earnings per share of $0.23 during the same quarter last year, which would indicate a positive year over year growth rate of 78.3%. The firm is scheduled to report its next quarterly earnings results on Thursday, October 25th.
According to Zacks, analysts expect that SPS Commerce will report full year earnings of $1.68 per share for the current financial year, with EPS estimates ranging from $1.66 to $1.69. For the next financial year, analysts forecast that the company will report earnings of $1.84 per share, with EPS estimates ranging from $1.77 to $1.94. Zacks’ EPS averages are an average based on a survey of research analysts that cover SPS Commerce.
SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, July 26th. The software maker reported $0.49 EPS for the quarter, topping the consensus estimate of $0.33 by $0.16. The company had revenue of $61.09 million during the quarter, compared to the consensus estimate of $59.78 million. SPS Commerce had a net margin of 0.61% and a return on equity of 4.25%. The company’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 EPS.
SPSC has been the subject of several research reports. Oppenheimer lifted their price target on shares of SPS Commerce from $72.00 to $83.00 and gave the company an “outperform” rating in a research report on Thursday, June 7th. Benchmark raised shares of SPS Commerce from a “hold” rating to a “buy” rating in a research report on Friday, July 27th. BidaskClub raised shares of SPS Commerce from a “hold” rating to a “buy” rating in a research report on Wednesday, August 15th. Needham & Company LLC reissued a “buy” rating and issued a $82.00 price target on shares of SPS Commerce in a research report on Friday, July 27th. Finally, Stifel Nicolaus lifted their price target on shares of SPS Commerce from $82.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, July 27th. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $86.29.
In related news, CFO Kimberly K. Nelson sold 18,215 shares of SPS Commerce stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $85.21, for a total value of $1,552,100.15. Following the completion of the sale, the chief financial officer now owns 70,957 shares of the company’s stock, valued at approximately $6,046,245.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Archie C. Black sold 10,000 shares of SPS Commerce stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $85.33, for a total transaction of $853,300.00. Following the completion of the sale, the chief executive officer now directly owns 89,352 shares of the company’s stock, valued at approximately $7,624,406.16. The disclosure for this sale can be found here. In the last three months, insiders sold 41,495 shares of company stock valued at $3,600,600. 2.80% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of SPSC. Legion Partners Asset Management LLC bought a new position in SPS Commerce during the 1st quarter valued at $20,911,000. BlackRock Inc. lifted its stake in SPS Commerce by 10.4% during the 2nd quarter. BlackRock Inc. now owns 2,385,431 shares of the software maker’s stock valued at $175,281,000 after acquiring an additional 224,322 shares in the last quarter. FMR LLC lifted its stake in SPS Commerce by 19.8% during the 2nd quarter. FMR LLC now owns 1,218,502 shares of the software maker’s stock valued at $89,536,000 after acquiring an additional 201,002 shares in the last quarter. Ancora Advisors LLC bought a new position in SPS Commerce during the 1st quarter valued at $12,795,000. Finally, Stifel Financial Corp bought a new position in SPS Commerce during the 1st quarter valued at $8,860,000. Institutional investors and hedge funds own 95.11% of the company’s stock.
Shares of SPSC stock opened at $99.60 on Tuesday. The company has a market cap of $1.71 billion, a PE ratio of 142.13, a P/E/G ratio of 4.28 and a beta of 0.77. SPS Commerce has a 52 week low of $45.02 and a 52 week high of $99.66.
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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