Analysts Anticipate Cimpress plc (NASDAQ:CMPR) Will Announce Quarterly Sales of $614.63 Million

Equities analysts expect that Cimpress plc (NASDAQ:CMPR) will announce sales of $614.63 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Cimpress’ earnings. The lowest sales estimate is $585.15 million and the highest is $644.11 million. Cimpress reported sales of $429.11 million in the same quarter last year, which indicates a positive year over year growth rate of 43.2%. The business is scheduled to issue its next earnings report after the market closes on Wednesday, July 28th.

According to Zacks, analysts expect that Cimpress will report full year sales of $2.57 billion for the current fiscal year, with estimates ranging from $2.54 billion to $2.60 billion. For the next financial year, analysts expect that the firm will post sales of $2.82 billion, with estimates ranging from $2.81 billion to $2.84 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Cimpress.

Cimpress (NASDAQ:CMPR) last announced its earnings results on Wednesday, April 28th. The business services provider reported ($1.50) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.52) by ($0.98). Cimpress had a negative return on equity of 11.21% and a negative net margin of 2.50%. The firm had revenue of $578.85 million for the quarter, compared to analyst estimates of $500.00 million.

Separately, Zacks Investment Research upgraded shares of Cimpress from a “strong sell” rating to a “hold” rating and set a $111.00 target price on the stock in a research report on Tuesday, April 6th.

NASDAQ CMPR traded up $0.49 during mid-day trading on Friday, reaching $100.71. 93,698 shares of the stock were exchanged, compared to its average volume of 98,082. Cimpress has a 1-year low of $68.26 and a 1-year high of $128.87. The firm’s fifty day simple moving average is $99.77. The firm has a market capitalization of $2.62 billion, a PE ratio of -43.60 and a beta of 1.57.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. acquired a new position in shares of Cimpress in the 1st quarter valued at $248,000. Oppenheimer Asset Management Inc. boosted its holdings in shares of Cimpress by 7.2% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,592 shares of the business services provider’s stock valued at $660,000 after purchasing an additional 444 shares during the last quarter. Capital Impact Advisors LLC acquired a new position in shares of Cimpress in the 1st quarter valued at $1,162,000. Tudor Investment Corp Et Al boosted its holdings in shares of Cimpress by 26.8% in the 1st quarter. Tudor Investment Corp Et Al now owns 10,751 shares of the business services provider’s stock valued at $1,076,000 after purchasing an additional 2,270 shares during the last quarter. Finally, Bares Capital Management Inc. boosted its holdings in shares of Cimpress by 23.7% in the 1st quarter. Bares Capital Management Inc. now owns 127,055 shares of the business services provider’s stock valued at $12,722,000 after purchasing an additional 24,347 shares during the last quarter. Hedge funds and other institutional investors own 88.90% of the company’s stock.

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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