$57.47 Million in Sales Expected for SPS Commerce, Inc. (SPSC) This Quarter
Equities analysts expect SPS Commerce, Inc. (NASDAQ:SPSC) to announce $57.47 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for SPS Commerce’s earnings. The lowest sales estimate is $57.40 million and the highest is $57.50 million. SPS Commerce posted sales of $51.06 million in the same quarter last year, which would indicate a positive year over year growth rate of 12.6%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, February 6th.
On average, analysts expect that SPS Commerce will report full-year sales of $57.47 million for the current financial year, with estimates ranging from $219.70 million to $219.90 million. For the next financial year, analysts expect that the firm will report sales of $243.86 million per share, with estimates ranging from $241.50 million to $247.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that that provide coverage for SPS Commerce.
SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, October 26th. The software maker reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The business had revenue of $56.15 million for the quarter, compared to analysts’ expectations of $56.15 million. SPS Commerce had a net margin of 3.97% and a return on equity of 4.25%. The business’s revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the company earned $0.27 EPS.
A number of equities research analysts have recently commented on the stock. BidaskClub cut shares of SPS Commerce from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Canaccord Genuity reissued a “hold” rating and issued a $65.00 price target on shares of SPS Commerce in a research note on Wednesday, July 26th. Oppenheimer Holdings, Inc. dropped their price target on shares of SPS Commerce from $74.00 to $62.00 and set an “outperform” rating on the stock in a research note on Friday, October 27th. Zacks Investment Research raised shares of SPS Commerce from a “hold” rating to a “strong-buy” rating and set a $56.00 price target on the stock in a research note on Wednesday, November 1st. Finally, CIBC initiated coverage on shares of SPS Commerce in a research note on Friday, July 21st. They issued an “outperform” rating and a $74.00 price target on the stock. Three analysts have rated the stock with a sell rating, three have given a hold rating, six 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 “Hold” and a consensus price target of $69.78.
Shares of SPS Commerce (SPSC) opened at $48.45 on Monday. The company has a market cap of $834.50, a P/E ratio of 73.41, a PEG ratio of 3.28 and a beta of 1.07. SPS Commerce has a one year low of $45.03 and a one year high of $73.16.
SPS Commerce announced that its Board of Directors has initiated a stock repurchase program on Thursday, November 2nd that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the software maker to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA boosted its stake in SPS Commerce by 71.3% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 8,690 shares of the software maker’s stock worth $493,000 after purchasing an additional 3,617 shares during the last quarter. Prudential Financial Inc. boosted its stake in SPS Commerce by 203.0% during the 3rd quarter. Prudential Financial Inc. now owns 88,789 shares of the software maker’s stock worth $5,035,000 after purchasing an additional 59,490 shares during the last quarter. American Century Companies Inc. acquired a new stake in SPS Commerce during the 3rd quarter worth $2,900,000. Stevens Capital Management LP acquired a new stake in SPS Commerce during the 3rd quarter worth $500,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in SPS Commerce during the 3rd quarter worth $280,000. 97.03% of the stock is currently owned by institutional investors.
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About SPS Commerce
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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