Equities research analysts expect SPS Commerce, Inc. (NASDAQ:SPSC – Get Rating) to announce $0.49 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for SPS Commerce’s earnings, with estimates ranging from $0.47 to $0.50. SPS Commerce posted earnings per share of $0.46 in the same quarter last year, which suggests a positive year-over-year growth rate of 6.5%. The company is expected to report its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that SPS Commerce will report full year earnings of $2.01 per share for the current financial year, with EPS estimates ranging from $2.00 to $2.02. For the next financial year, analysts forecast that the business will report earnings of $2.38 per share, with EPS estimates ranging from $2.29 to $2.48. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow SPS Commerce.
SPS Commerce (NASDAQ:SPSC – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The software maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.47 by $0.08. SPS Commerce had a net margin of 11.74% and a return on equity of 10.45%. The business had revenue of $105.20 million during the quarter, compared to analysts’ expectations of $104.50 million. During the same period in the previous year, the business posted $0.32 EPS. The business’s quarterly revenue was up 16.8% compared to the same quarter last year.
SPSC has been the subject of several research reports. JMP Securities decreased their price objective on shares of SPS Commerce from $180.00 to $160.00 and set a “market outperform” rating for the company in a research note on Thursday, February 10th. Zacks Investment Research upgraded shares of SPS Commerce from a “sell” rating to a “hold” rating in a research note on Saturday. Loop Capital dropped their price objective on shares of SPS Commerce from $195.00 to $175.00 in a research note on Thursday, February 10th. Finally, StockNews.com initiated coverage on shares of SPS Commerce in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $167.88.
Shares of NASDAQ SPSC opened at $119.63 on Friday. SPS Commerce has a 12 month low of $91.05 and a 12 month high of $174.42. The company has a 50 day simple moving average of $126.41 and a two-hundred day simple moving average of $134.18. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of 94.20 and a beta of 0.81.
In other news, CFO Kimberly K. Nelson sold 6,859 shares of SPS Commerce stock in a transaction that occurred on Thursday, February 24th. The stock was sold at an average price of $124.36, for a total value of $852,985.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Archie C. Black sold 14,308 shares of SPS Commerce stock in a transaction that occurred on Tuesday, February 22nd. The stock was sold at an average price of $123.58, for a total value of $1,768,182.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 59,724 shares of company stock valued at $7,547,420. Corporate insiders own 1.30% of the company’s stock.
Several large investors have recently bought and sold shares of SPSC. Morgan Stanley increased its holdings in shares of SPS Commerce by 1.4% in the second quarter. Morgan Stanley now owns 314,223 shares of the software maker’s stock valued at $31,375,000 after purchasing an additional 4,382 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of SPS Commerce by 61.1% in the third quarter. Commonwealth Equity Services LLC now owns 5,769 shares of the software maker’s stock valued at $930,000 after purchasing an additional 2,188 shares during the last quarter. Xponance Inc. acquired a new stake in shares of SPS Commerce in the third quarter valued at approximately $273,000. PNC Financial Services Group Inc. increased its holdings in shares of SPS Commerce by 1.8% in the third quarter. PNC Financial Services Group Inc. now owns 8,680 shares of the software maker’s stock valued at $1,400,000 after purchasing an additional 151 shares during the last quarter. Finally, Advisor Group Holdings Inc. increased its holdings in shares of SPS Commerce by 75.3% in the third quarter. Advisor Group Holdings Inc. now owns 7,927 shares of the software maker’s stock valued at $1,271,000 after purchasing an additional 3,405 shares during the last quarter. 99.00% of the stock is owned by hedge funds and other institutional investors.
About SPS Commerce (Get Rating)
SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.
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