Wall Street analysts expect SPS Commerce, Inc. (NASDAQ:SPSC) to post $0.30 earnings per share for the current quarter, according to Zacks. Five analysts have made estimates for SPS Commerce’s earnings. The highest EPS estimate is $0.31 and the lowest is $0.29. SPS Commerce posted earnings of $0.27 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.1%. The firm is scheduled to issue its next earnings report on Tuesday, February 11th.
According to Zacks, analysts expect that SPS Commerce will report full year earnings of $1.22 per share for the current fiscal year, with EPS estimates ranging from $1.22 to $1.23. For the next financial year, analysts expect that the firm will post earnings of $1.37 per share, with EPS estimates ranging from $1.31 to $1.42. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover SPS Commerce.
SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, October 24th. The software maker reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.05. SPS Commerce had a net margin of 11.67% and a return on equity of 9.80%. The firm had revenue of $70.90 million during the quarter, compared to analyst estimates of $70.09 million. During the same quarter in the prior year, the business posted $0.52 EPS. The business’s revenue was up 12.7% compared to the same quarter last year.
SPSC has been the subject of a number of research analyst reports. Canaccord Genuity decreased their price objective on shares of SPS Commerce to $60.00 and set a “buy” rating for the company in a report on Wednesday, August 28th. First Analysis raised shares of SPS Commerce from an “outperform” rating to a “strong-buy” rating in a research report on Friday, October 25th. ValuEngine downgraded shares of SPS Commerce from a “hold” rating to a “sell” rating in a research report on Friday, August 23rd. Zacks Investment Research upgraded shares of SPS Commerce from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Thursday, September 26th. Finally, Oppenheimer set a $61.00 price target on shares of SPS Commerce and gave the stock a “buy” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $58.72.
In related news, CEO Archie C. Black sold 15,637 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $57.61, for a total value of $900,847.57. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.34% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPSC. Point72 Asset Management L.P. bought a new position in shares of SPS Commerce in the second quarter worth $31,000. FTB Advisors Inc. raised its stake in shares of SPS Commerce by 173.9% during the 3rd quarter. FTB Advisors Inc. now owns 556 shares of the software maker’s stock valued at $26,000 after purchasing an additional 353 shares during the period. Tower Research Capital LLC TRC lifted its holdings in SPS Commerce by 1,805.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 724 shares of the software maker’s stock worth $34,000 after purchasing an additional 686 shares in the last quarter. Advisor Group Inc. lifted its holdings in SPS Commerce by 28.3% during the 2nd quarter. Advisor Group Inc. now owns 857 shares of the software maker’s stock worth $87,000 after purchasing an additional 189 shares in the last quarter. Finally, JNBA Financial Advisors lifted its holdings in SPS Commerce by 100.0% during the 3rd quarter. JNBA Financial Advisors now owns 1,002 shares of the software maker’s stock worth $47,000 after purchasing an additional 501 shares in the last quarter. 96.55% of the stock is owned by institutional investors.
Shares of NASDAQ:SPSC traded down $0.37 during midday trading on Tuesday, reaching $55.50. The company had a trading volume of 5,896 shares, compared to its average volume of 153,769. The company’s 50 day moving average price is $53.00 and its 200 day moving average price is $77.67. The company has a current ratio of 4.52, a quick ratio of 4.52 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.96 billion, a P/E ratio of 90.98, a P/E/G ratio of 4.06 and a beta of 0.65. SPS Commerce has a 52-week low of $37.92 and a 52-week high of $59.14.
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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