Zacks: Brokerages Anticipate Cimpress plc (NASDAQ:CMPR) Will Post Quarterly Sales of $526.92 Million


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Wall Street analysts expect that Cimpress plc (NASDAQ:CMPR) will report $526.92 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Cimpress’ earnings, with the highest sales estimate coming in at $553.83 million and the lowest estimate coming in at $500.00 million. Cimpress reported sales of $597.96 million in the same quarter last year, which indicates a negative year over year growth rate of 11.9%. The business is scheduled to issue its next quarterly earnings results on Tuesday, May 4th.

According to Zacks, analysts expect that Cimpress will report full-year sales of $2.47 billion for the current fiscal year, with estimates ranging from $2.42 billion to $2.52 billion. For the next financial year, analysts forecast that the firm will report sales of $2.68 billion, with estimates ranging from $2.67 billion to $2.69 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Cimpress.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings results on Tuesday, January 26th. The business services provider reported $1.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.83 by ($1.61). Cimpress had a negative return on equity of 11.21% and a net margin of 2.16%.

A number of research analysts recently commented on CMPR shares. Zacks Investment Research boosted their price target on Cimpress to $124.00 in a research note on Friday, February 5th. Truist upped their price target on shares of Cimpress from $112.00 to $124.00 in a report on Friday, January 29th.

Institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC lifted its holdings in shares of Cimpress by 232.6% in the third quarter. Nisa Investment Advisors LLC now owns 715 shares of the business services provider’s stock worth $54,000 after acquiring an additional 500 shares during the last quarter. NEXT Financial Group Inc acquired a new stake in Cimpress in the third quarter valued at approximately $98,000. Clear Harbor Asset Management LLC bought a new stake in shares of Cimpress during the third quarter worth $39,000. Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of Cimpress by 190.3% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 38,938 shares of the business services provider’s stock worth $2,927,000 after buying an additional 25,525 shares in the last quarter. Finally, Seizert Capital Partners LLC increased its holdings in shares of Cimpress by 55.0% during the third quarter. Seizert Capital Partners LLC now owns 19,141 shares of the business services provider’s stock worth $1,439,000 after buying an additional 6,792 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Shares of NASDAQ:CMPR traded up $1.96 during trading on Thursday, reaching $97.34. 3,375 shares of the company traded hands, compared to its average volume of 113,534. The firm has a market capitalization of $2.53 billion, a PE ratio of 63.57, a PEG ratio of 1.36 and a beta of 1.56. Cimpress has a 52 week low of $40.80 and a 52 week high of $128.87. The company’s 50 day moving average is $97.18 and its two-hundred day moving average is $89.14.

Cimpress Company Profile

Cimpress plc provides various mass customization services in North America, Europe, and internationally. The company operates through five segments: Vistaprint, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; Internet-based canvas-print wall décor, business signage, and other printed products; Web-to print products, including multi-page brochures, folders, flyers, business cards, signs, leaflets, booklets, posters, letterheads, and banners, as well as customized beverage cans; and printed materials, such as signage, print, advertising materials, corporate-wear, and promotional gifts.

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Earnings History and Estimates for Cimpress (NASDAQ:CMPR)

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