Brokerages expect SPS Commerce, Inc. (NASDAQ:SPSC) to post $68.22 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for SPS Commerce’s earnings. The highest sales estimate is $68.90 million and the lowest is $67.89 million. SPS Commerce reported sales of $61.09 million during the same quarter last year, which would suggest a positive year over year growth rate of 11.7%. The business is expected to announce its next quarterly earnings report after the market closes on Thursday, July 25th.
According to Zacks, analysts expect that SPS Commerce will report full-year sales of $276.11 million for the current financial year, with estimates ranging from $275.71 million to $276.90 million. For the next year, analysts expect that the company will post sales of $301.16 million, with estimates ranging from $300.00 million to $302.70 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow SPS Commerce.
SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, July 25th. The software maker reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.20. The firm had revenue of $68.53 million during the quarter, compared to analyst estimates of $68.13 million. SPS Commerce had a net margin of 10.71% and a return on equity of 8.67%. SPS Commerce’s revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 EPS.
Several research firms have commented on SPSC. Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price (up from $110.00) on shares of SPS Commerce in a research report on Friday, April 26th. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. JMP Securities increased their price objective on shares of SPS Commerce from $98.00 to $120.00 and gave the company a “market outperform” rating in a research note on Friday, April 26th. Northland Securities reiterated a “hold” rating on shares of Lendingtree in a research report on Friday, April 26th. Finally, Canaccord Genuity increased their price objective on shares of Toromont Industries from C$62.00 to C$64.00 and gave the stock a “hold” rating in a report on Friday. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $112.64.
Shares of SPSC stock traded up $10.79 during trading hours on Friday, reaching $113.45. 405,704 shares of the stock traded hands, compared to its average volume of 149,210. SPS Commerce has a 1-year low of $75.83 and a 1-year high of $118.28. The firm has a fifty day moving average of $104.07. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.82 and a quick ratio of 4.82. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 92.99, a PEG ratio of 4.30 and a beta of 0.67.
In other SPS Commerce news, Director Philip Soran sold 600 shares of SPS Commerce stock in a transaction on Monday, June 10th. The shares were sold at an average price of $109.62, for a total transaction of $65,772.00. Following the completion of the transaction, the director now directly owns 8,508 shares of the company’s stock, valued at $932,646.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Archie C. Black sold 2,365 shares of SPS Commerce stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $109.27, for a total transaction of $258,423.55. Following the transaction, the chief executive officer now directly owns 76,079 shares of the company’s stock, valued at $8,313,152.33. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,949 shares of company stock valued at $4,100,372. Company insiders own 3.34% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Deutsche Bank AG boosted its position in shares of SPS Commerce by 128.0% in the fourth quarter. Deutsche Bank AG now owns 147,480 shares of the software maker’s stock valued at $12,147,000 after acquiring an additional 82,802 shares during the period. Municipal Employees Retirement System of Michigan bought a new stake in shares of SPS Commerce in the fourth quarter valued at about $416,000. Emancipation Management LLC bought a new stake in shares of SPS Commerce in the fourth quarter valued at about $247,000. Federated Investors Inc. PA boosted its position in shares of SPS Commerce by 4.3% in the first quarter. Federated Investors Inc. PA now owns 230,166 shares of the software maker’s stock valued at $24,411,000 after acquiring an additional 9,479 shares during the period. Finally, Gotham Asset Management LLC boosted its position in shares of SPS Commerce by 192.7% in the fourth quarter. Gotham Asset Management LLC now owns 78,495 shares of the software maker’s stock valued at $6,466,000 after acquiring an additional 51,681 shares during the period. 95.23% of the stock is owned by hedge funds and other institutional investors.
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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