Cimpress (NASDAQ:CMPR) Posts Quarterly Earnings Results

Cimpress (NASDAQ:CMPR) posted its quarterly earnings results on Wednesday. The business services provider reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.29), Zacks reports. Cimpress had a negative return on equity of 14.67% and a net margin of 2.69%. The firm had revenue of $780.59 million for the quarter, compared to the consensus estimate of $782.65 million. During the same quarter in the previous year, the company posted ($0.97) EPS. Cimpress updated its FY 2024 guidance to EPS.

Cimpress Trading Up 0.6 %

Shares of CMPR stock traded up $0.50 during trading hours on Friday, reaching $83.09. The stock had a trading volume of 206,995 shares, compared to its average volume of 158,752. The stock’s fifty day simple moving average is $91.13 and its 200 day simple moving average is $80.26. The firm has a market capitalization of $2.21 billion, a PE ratio of 55.03, a PEG ratio of 1.11 and a beta of 1.94. Cimpress has a 12 month low of $42.84 and a 12 month high of $100.01.

Insiders Place Their Bets

In other news, CEO Florian Baumgartner sold 3,410 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $84.83, for a total value of $289,270.30. Following the transaction, the chief executive officer now owns 29,804 shares of the company’s stock, valued at $2,528,273.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Cimpress news, EVP Maarten Wensveen sold 1,651 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $90.00, for a total value of $148,590.00. Following the completion of the transaction, the executive vice president now owns 10,779 shares of the company’s stock, valued at approximately $970,110. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Florian Baumgartner sold 3,410 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $84.83, for a total transaction of $289,270.30. Following the sale, the chief executive officer now owns 29,804 shares in the company, valued at approximately $2,528,273.32. The disclosure for this sale can be found here. Insiders have sold 25,292 shares of company stock worth $2,319,309 in the last three months. 17.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CMPR. Truist Financial boosted their price target on shares of Cimpress from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Barrington Research increased their target price on Cimpress from $100.00 to $113.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th.

Cimpress Company Profile

Cimpress plc provides various mass customization of printing and related products in North America, Europe, and internationally. The company operates through five segments: Vista, 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; business cards; and marketing materials, such as flyers and postcards, digital and marketing services, writing instruments, decorated apparel, promotional products and gifts, packaging, design services, textiles, and magazines and catalogs.