SPS Commerce (NASDAQ:SPSC) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.29-$0.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.29. The company issued revenue guidance of $72.2-$72.8 million, compared to the consensus revenue estimate of $71.99 million.
NASDAQ SPSC opened at $52.24 on Friday. SPS Commerce has a fifty-two week low of $37.92 and a fifty-two week high of $59.14. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.67 and a current ratio of 4.67. The business’s 50 day moving average price is $47.68 and its 200-day moving average price is $86.80. The company has a market cap of $1.70 billion, a P/E ratio of 85.64, a P/E/G ratio of 3.73 and a beta of 0.63.
SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, October 24th. The software maker reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.05. SPS Commerce had a return on equity of 9.92% and a net margin of 11.67%. The business had revenue of $70.90 million during the quarter, compared to analysts’ expectations of $70.09 million. During the same period in the previous year, the firm posted $0.52 earnings per share. The company’s revenue was up 12.7% on a year-over-year basis. As a group, equities analysts predict that SPS Commerce will post 0.87 EPS for the current year.
A number of brokerages have recently weighed in on SPSC. Canaccord Genuity dropped their price objective on SPS Commerce to $60.00 and set a buy rating for the company in a research note on Wednesday, August 28th. Oppenheimer dropped their price objective on SPS Commerce from $120.00 to $60.00 and set an outperform rating for the company in a research note on Wednesday, September 4th. Zacks Investment Research raised SPS Commerce from a hold rating to a buy rating and set a $53.00 price objective for the company in a research note on Thursday, September 26th. Needham & Company LLC reaffirmed a buy rating and issued a $60.00 price objective on shares of SPS Commerce in a research note on Friday. Finally, BidaskClub raised SPS Commerce from a sell rating to a hold rating in a research note on Saturday. One analyst has rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. SPS Commerce currently has an average rating of Buy and a consensus price target of $58.61.
In related news, CEO Archie C. Black sold 25,000 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $112.61, for a total transaction of $2,815,250.00. Following the completion of the transaction, the chief executive officer now directly owns 68,344 shares of the company’s stock, valued at approximately $7,696,217.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kimberly K. Nelson sold 10,009 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $112.46, for a total value of $1,125,612.14. Following the transaction, the chief financial officer now directly owns 60,996 shares of the company’s stock, valued at $6,859,610.16. The disclosure for this sale can be found here. Insiders own 3.34% of the company’s stock.
About SPS Commerce
SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce platform, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill orders, administer sell-through performance, and source new items.
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