Analysts expect SPS Commerce, Inc. (NASDAQ:SPSC) to post $0.21 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for SPS Commerce’s earnings, with estimates ranging from $0.20 to $0.21. SPS Commerce posted earnings of $0.29 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 27.6%. The firm is expected to announce its next earnings results on Tuesday, February 6th.

On average, analysts expect that SPS Commerce will report full year earnings of $0.92 per share for the current fiscal year, with EPS estimates ranging from $0.91 to $0.92. For the next fiscal year, analysts forecast that the firm will report earnings of $1.08 per share, with EPS estimates ranging from $1.02 to $1.27. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for SPS Commerce.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Thursday, October 26th. The software maker reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.03. SPS Commerce had a net margin of 3.97% and a return on equity of 4.25%. The firm had revenue of $56.15 million during the quarter, compared to analysts’ expectations of $56.15 million. During the same period in the prior year, the company posted $0.27 EPS. The company’s revenue was up 13.9% on a year-over-year basis.

Several research firms have weighed in on SPSC. BidaskClub downgraded shares of SPS Commerce from a “sell” rating to a “strong sell” rating in a report on Thursday. Zacks Investment Research upgraded shares of SPS Commerce from a “hold” rating to a “strong-buy” rating and set a $56.00 target price for the company in a report on Wednesday, November 1st. Benchmark reiterated a “sell” rating on shares of SPS Commerce in a report on Monday, October 30th. Canaccord Genuity decreased their price objective on shares of SPS Commerce from $65.00 to $62.00 and set a “hold” rating for the company in a report on Friday, October 27th. Finally, Oppenheimer decreased their price objective on shares of SPS Commerce from $74.00 to $62.00 and set an “outperform” rating for the company in a report on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $68.00.

A number of institutional investors have recently made changes to their positions in SPSC. Janus Henderson Group PLC purchased a new position in shares of SPS Commerce in the second quarter worth $41,711,000. Capital World Investors purchased a new position in shares of SPS Commerce in the second quarter worth $28,879,000. Southpoint Capital Advisors LP increased its stake in shares of SPS Commerce by 88.0% in the second quarter. Southpoint Capital Advisors LP now owns 750,000 shares of the software maker’s stock worth $47,820,000 after buying an additional 351,103 shares during the period. Ruane Cunniff & Goldfarb Inc. increased its stake in shares of SPS Commerce by 50.3% in the third quarter. Ruane Cunniff & Goldfarb Inc. now owns 765,318 shares of the software maker’s stock worth $43,401,000 after buying an additional 256,117 shares during the period. Finally, Banbury Partners LLC increased its stake in shares of SPS Commerce by 27.0% in the second quarter. Banbury Partners LLC now owns 483,193 shares of the software maker’s stock worth $30,808,000 after buying an additional 102,720 shares during the period. Institutional investors and hedge funds own 97.45% of the company’s stock.

SPS Commerce (SPSC) opened at $48.41 on Monday. The stock has a market cap of $833.81, a price-to-earnings ratio of 73.35, a P/E/G ratio of 3.27 and a beta of 1.07. SPS Commerce has a 12 month low of $45.02 and a 12 month high of $73.16.

SPS Commerce declared that its board has approved a share repurchase plan on Thursday, November 2nd that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the software maker to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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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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