Equities research analysts predict that SPS Commerce, Inc. (NASDAQ:SPSC) will post earnings of $0.20 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for SPS Commerce’s earnings, with estimates ranging from $0.19 to $0.20. SPS Commerce posted earnings of $0.27 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 25.9%. The firm is scheduled to announce its next earnings report on Thursday, October 26th.

According to Zacks, analysts expect that SPS Commerce will report full year earnings of $0.87 per share for the current year, with EPS estimates ranging from $0.86 to $0.88. For the next financial year, analysts forecast that the company will report earnings of $1.07 per share, with EPS estimates ranging from $0.97 to $1.36. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow SPS Commerce.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, July 27th. The software maker reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.04. SPS Commerce had a net margin of 4.41% and a return on equity of 4.70%. The business had revenue of $54.30 million for the quarter, compared to analyst estimates of $53.74 million. During the same period last year, the business earned $0.15 EPS. The company’s revenue was up 14.6% on a year-over-year basis.

Several research analysts have recently weighed in on the stock. BidaskClub upgraded shares of SPS Commerce from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. Zacks Investment Research downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. KeyCorp restated a “hold” rating on shares of SPS Commerce in a research note on Friday, August 25th. Oppenheimer Holdings, Inc. assumed coverage on shares of SPS Commerce in a research note on Thursday, July 20th. They issued an “outperform” rating and a $74.00 target price for the company. Finally, Canaccord Genuity restated a “hold” rating and issued a $65.00 target price on shares of SPS Commerce in a research note on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $75.50.

Shares of SPS Commerce (SPSC) opened at 58.54 on Friday. SPS Commerce has a one year low of $48.11 and a one year high of $74.85. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 110.66 and a beta of 1.17. The stock has a 50 day moving average of $58.97 and a 200-day moving average of $58.67.

A number of hedge funds and other institutional investors have recently bought and sold shares of SPSC. State of Alaska Department of Revenue boosted its stake in SPS Commerce by 3.3% during the 1st quarter. State of Alaska Department of Revenue now owns 1,900 shares of the software maker’s stock valued at $111,000 after acquiring an additional 60 shares during the last quarter. Victory Capital Management Inc. boosted its stake in SPS Commerce by 83.4% during the 1st quarter. Victory Capital Management Inc. now owns 2,003 shares of the software maker’s stock valued at $117,000 after acquiring an additional 911 shares during the last quarter. Riverhead Capital Management LLC boosted its stake in SPS Commerce by 113.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,131 shares of the software maker’s stock valued at $136,000 after acquiring an additional 1,131 shares during the last quarter. Blueport Capital L.P. boosted its stake in SPS Commerce by 28.3% during the 1st quarter. Blueport Capital L.P. now owns 2,382 shares of the software maker’s stock valued at $139,000 after acquiring an additional 525 shares during the last quarter. Finally, Pinebridge Investments L.P. boosted its stake in SPS Commerce by 1.1% during the 2nd quarter. Pinebridge Investments L.P. now owns 2,265 shares of the software maker’s stock valued at $145,000 after acquiring an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 98.27% of the company’s stock.

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SPS Commerce Company Profile

SPS Commerce, Inc is a provider of cloud-based supply chain management solutions, providing network-proven fulfillment, sourcing and item assortment management solutions, along with retail performance analytics. The Company provides its solutions through the SPS Commerce platform, a cloud-based product suite that manages the way suppliers, retailers, distributors and logistics firms orchestrate the sourcing, set up of new vendors and items, and fulfillment of products that customers buy from retailers and suppliers.

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