Equities analysts predict that SPS Commerce, Inc. (NASDAQ:SPSC) will announce earnings of $0.53 per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for SPS Commerce’s earnings. The lowest EPS estimate is $0.52 and the highest is $0.54. SPS Commerce reported earnings per share of $0.49 in the same quarter last year, which suggests a positive year-over-year growth rate of 8.2%. The company is expected to report its next quarterly earnings report on Thursday, July 25th.
On average, analysts expect that SPS Commerce will report full-year earnings of $2.20 per share for the current fiscal year, with EPS estimates ranging from $2.19 to $2.22. For the next year, analysts expect that the company will report earnings of $2.52 per share, with EPS estimates ranging from $2.37 to $2.60. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover SPS Commerce.
SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, April 25th. The software maker reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.30. SPS Commerce had a return on equity of 8.67% and a net margin of 10.71%. The firm had revenue of $66.93 million during the quarter, compared to analysts’ expectations of $66.16 million. During the same quarter last year, the firm posted $0.39 earnings per share. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year.
A number of equities research analysts have commented on SPSC shares. BidaskClub raised SPS Commerce from a “hold” rating to a “buy” rating in a research note on Friday, February 15th. JMP Securities raised their price objective on SPS Commerce from $98.00 to $120.00 and gave the company a “market outperform” rating in a research note on Friday, April 26th. First Analysis raised SPS Commerce from a “neutral” rating to an “outperform” rating in a research note on Friday, April 26th. raised their price objective on SPS Commerce from $95.00 to $112.00 and gave the company an “outperform” rating in a research note on Wednesday, February 13th. Finally, ValuEngine raised SPS Commerce from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 13th. Thirteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $110.58.
Shares of SPS Commerce stock opened at $104.36 on Friday. SPS Commerce has a 52 week low of $68.80 and a 52 week high of $115.00. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 85.54, a PEG ratio of 4.30 and a beta of 0.78.
In related news, CFO Kimberly K. Nelson sold 4,213 shares of SPS Commerce stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $94.00, for a total transaction of $396,022.00. Following the transaction, the chief financial officer now owns 48,529 shares of the company’s stock, valued at $4,561,726. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Archie C. Black sold 1,705 shares of SPS Commerce stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $104.09, for a total value of $177,473.45. Following the transaction, the chief executive officer now directly owns 90,007 shares in the company, valued at approximately $9,368,828.63. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 64,629 shares of company stock worth $6,738,399. 3.34% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the stock. Enlightenment Research LLC bought a new stake in SPS Commerce during the fourth quarter worth $25,000. Quantamental Technologies LLC bought a new stake in SPS Commerce during the fourth quarter worth $33,000. JNBA Financial Advisors bought a new stake in SPS Commerce during the fourth quarter worth $41,000. Advisor Group Inc. lifted its holdings in SPS Commerce by 17.6% during the first quarter. Advisor Group Inc. now owns 668 shares of the software maker’s stock worth $71,000 after acquiring an additional 100 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in SPS Commerce during the fourth quarter worth $55,000. 93.34% of the stock is currently owned by institutional investors.
SPS Commerce Company Profile
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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