Wall Street brokerages expect SPS Commerce, Inc. (NASDAQ:SPSC) to announce sales of $53.76 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for SPS Commerce’s earnings, with the lowest sales estimate coming in at $53.69 million and the highest estimate coming in at $53.90 million. SPS Commerce posted sales of $47.35 million during the same quarter last year, which suggests a positive year-over-year growth rate of 13.5%. The company is expected to issue its next quarterly earnings report on Wednesday, July 26th.
On average, analysts expect that SPS Commerce will report full-year sales of $53.76 million for the current financial year, with estimates ranging from $220.98 million to $221.70 million. For the next financial year, analysts forecast that the firm will post sales of $252.66 million per share, with estimates ranging from $250.88 million to $254.10 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow SPS Commerce.
SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, April 27th. The software maker reported $0.20 EPS for the quarter, topping the consensus estimate of $0.05 by $0.15. The firm had revenue of $51.90 million for the quarter, compared to analyst estimates of $51.82 million. SPS Commerce had a return on equity of 4.62% and a net margin of 3.83%. SPS Commerce’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the company earned $0.22 earnings per share.
Several equities analysts recently issued reports on the company. Benchmark Co. cut SPS Commerce from a “buy” rating to a “hold” rating in a research report on Friday, April 21st. Zacks Investment Research upgraded SPS Commerce from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research report on Friday, May 5th. Finally, Needham & Company LLC dropped their price target on SPS Commerce from $70.00 to $64.00 and set a “buy” rating on the stock in a research report on Friday, April 28th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. SPS Commerce currently has a consensus rating of “Buy” and a consensus target price of $74.43.
A number of institutional investors have recently added to or reduced their stakes in SPSC. Simplex Trading LLC acquired a new position in SPS Commerce during the first quarter valued at about $110,000. State of Alaska Department of Revenue boosted its position in SPS Commerce by 3.3% in the first quarter. State of Alaska Department of Revenue now owns 1,900 shares of the software maker’s stock valued at $111,000 after buying an additional 60 shares during the last quarter. Victory Capital Management Inc. boosted its position in SPS Commerce by 83.4% in the first quarter. Victory Capital Management Inc. now owns 2,003 shares of the software maker’s stock valued at $117,000 after buying an additional 911 shares during the last quarter. Blueport Capital L.P. boosted its position in SPS Commerce by 28.3% in the first quarter. Blueport Capital L.P. now owns 2,382 shares of the software maker’s stock valued at $139,000 after buying an additional 525 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in SPS Commerce by 13.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,255 shares of the software maker’s stock valued at $190,000 after buying an additional 379 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.
SPS Commerce (NASDAQ:SPSC) remained flat at $61.41 during mid-day trading on Friday. The stock had a trading volume of 50,431 shares. The firm has a 50 day moving average price of $58.96 and a 200 day moving average price of $61.61. The firm has a market capitalization of $1.06 billion, a P/E ratio of 139.57 and a beta of 1.26. SPS Commerce has a 1-year low of $48.11 and a 1-year high of $74.85.
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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