SPS Commerce (NASDAQ:SPSC) Issues Q1 Earnings Guidance

SPS Commerce (NASDAQ:SPSC) updated its first quarter earnings guidance on Thursday. The company provided EPS guidance of $0.31-0.32 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.32. The company issued revenue guidance of $73.6-74.2 million, compared to the consensus revenue estimate of $73.93 million.SPS Commerce also updated its FY 2020
After-Hours guidance to 1.34-1.37 EPS.

Several research firms have weighed in on SPSC. First Analysis raised their price target on SPS Commerce from $61.00 to $68.00 and gave the company a strong-buy rating in a report on Thursday, January 16th. Needham & Company LLC reaffirmed a buy rating and issued a $60.00 price target on shares of SPS Commerce in a report on Friday, October 25th. BidaskClub raised SPS Commerce from a sell rating to a hold rating in a report on Wednesday, January 15th. Oppenheimer reaffirmed a market perform rating and issued a $61.00 price target on shares of SPS Commerce in a report on Friday, January 17th. Finally, Zacks Investment Research cut SPS Commerce from a buy rating to a hold rating in a report on Thursday, December 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $59.65.

Shares of SPS Commerce stock traded up $1.69 during trading on Thursday, hitting $60.04. 207,895 shares of the stock traded hands, compared to its average volume of 150,502. The company has a quick ratio of 4.52, a current ratio of 4.52 and a debt-to-equity ratio of 0.05. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 67.84, a PEG ratio of 3.67 and a beta of 0.66. The firm’s fifty day moving average is $57.20 and its 200-day moving average is $60.55. SPS Commerce has a 52 week low of $44.07 and a 52 week high of $60.35.

In related news, CFO Kimberly K. Nelson sold 28,644 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $57.29, for a total transaction of $1,641,014.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Archie C. Black sold 15,637 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $57.61, for a total value of $900,847.57. The disclosure for this sale can be found here. 3.34% of the stock is currently owned by corporate insiders.

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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