SPS Commerce, Inc. (NASDAQ:SPSC) – Analysts at William Blair lifted their Q1 2018 earnings estimates for shares of SPS Commerce in a report released on Wednesday, Zacks Investment Research reports. William Blair analyst M. Pfau now forecasts that the software maker will post earnings per share of $0.19 for the quarter, up from their prior forecast of $0.12. William Blair also issued estimates for SPS Commerce’s Q2 2018 earnings at $0.20 EPS, Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.24 EPS, FY2018 earnings at $0.86 EPS and FY2019 earnings at $1.16 EPS.
Other equities research analysts have also issued reports about the company. Stifel Nicolaus decreased their price target 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. Oppenheimer reissued a “buy” rating and set a $62.00 price target on shares of SPS Commerce in a research note on Thursday, January 25th. Canaccord Genuity decreased their price target on SPS Commerce from $62.00 to $57.00 and set a “hold” rating for the company in a research note on Wednesday, February 7th. BidaskClub raised SPS Commerce from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Finally, Zacks Investment Research lowered SPS Commerce from a “buy” rating to a “hold” rating in a research note on Thursday, December 28th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. SPS Commerce currently has an average rating of “Hold” and an average price target of $66.43.
Shares of SPS Commerce (SPSC) opened at $56.57 on Monday. SPS Commerce has a one year low of $45.02 and a one year high of $64.85. The stock has a market capitalization of $968.88, a P/E ratio of 125.71, a P/E/G ratio of 3.03 and a beta of 1.10.
SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.04. The business had revenue of $58.20 million during the quarter, compared to analyst estimates of $57.47 million. SPS Commerce had a positive return on equity of 2.81% and a negative net margin of 1.11%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period last year, the company earned $0.29 EPS.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPSC. Zions Bancorporation purchased a new position in SPS Commerce during the 3rd quarter worth $117,000. SG Americas Securities LLC purchased a new position in SPS Commerce during the 3rd quarter worth $125,000. Magnetar Financial LLC purchased a new position in SPS Commerce during the 3rd quarter worth $203,000. Piedmont Investment Advisors LLC purchased a new position in SPS Commerce during the 2nd quarter worth $237,000. Finally, Koch Industries Inc. purchased a new position in SPS Commerce during the 4th quarter worth $240,000. Institutional investors own 98.26% of the company’s stock.
SPS Commerce declared that its board has approved a stock repurchase program on Thursday, November 2nd that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the software maker to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.
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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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