Brokerages forecast that SPS Commerce, Inc. (NASDAQ:SPSC) will report earnings per share of $0.21 for the current fiscal quarter, Zacks reports. 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 business is scheduled 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 business will post earnings of $1.08 per share, with EPS estimates ranging from $1.02 to $1.27. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover SPS Commerce.
SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, October 26th. The software maker reported $0.23 EPS for the quarter, topping the consensus estimate of $0.20 by $0.03. SPS Commerce had a return on equity of 4.25% and a net margin of 3.97%. The business had revenue of $56.15 million during the quarter, compared to the consensus estimate of $56.15 million. During the same quarter last year, the company earned $0.27 EPS. The firm’s revenue was up 13.9% compared to the same quarter last year.
SPSC has been the subject of several analyst reports. Zacks Investment Research upgraded SPS Commerce from a “hold” rating to a “strong-buy” rating and set a $56.00 target price for the company in a research note on Wednesday, November 1st. Oppenheimer cut their target price on SPS Commerce from $74.00 to $62.00 and set an “outperform” rating for the company in a research note on Friday, October 27th. Benchmark restated a “sell” rating on shares of SPS Commerce in a research note on Monday, October 30th. Stifel Nicolaus cut their target price on SPS Commerce from $75.00 to $68.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Finally, BidaskClub downgraded SPS Commerce from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 7th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $68.00.
SPS Commerce (SPSC) opened at $50.31 on Friday. SPS Commerce has a 12 month low of $45.02 and a 12 month high of $72.35. The company has a market capitalization of $866.54, a PE ratio of 102.68, a price-to-earnings-growth ratio of 2.84 and a beta of 1.07.
SPS Commerce announced that its Board of Directors has initiated a share buyback plan on Thursday, November 2nd that allows the company to buyback $50.00 million in shares. This buyback authorization allows the software maker to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
Several institutional investors and hedge funds have recently modified their holdings of the company. Atlantic Trust Group LLC bought a new stake in shares of SPS Commerce during the 3rd quarter valued at about $1,205,000. GSA Capital Partners LLP bought a new stake in shares of SPS Commerce during the 3rd quarter valued at about $398,000. California Public Employees Retirement System boosted its position in shares of SPS Commerce by 28.8% during the 3rd quarter. California Public Employees Retirement System now owns 16,743 shares of the software maker’s stock valued at $949,000 after acquiring an additional 3,743 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of SPS Commerce during the 3rd quarter valued at about $287,000. Finally, Zions Bancorporation bought a new stake in shares of SPS Commerce during the 3rd quarter valued at about $117,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.
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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