Analysts Anticipate SPS Commerce, Inc. (NASDAQ:SPSC) Will Announce Quarterly Sales of $70.06 Million

Wall Street brokerages expect SPS Commerce, Inc. (NASDAQ:SPSC) to report sales of $70.06 million for the current quarter, according to Zacks. Five analysts have made estimates for SPS Commerce’s earnings. The highest sales estimate is $70.50 million and the lowest is $69.78 million. SPS Commerce posted sales of $62.87 million during the same quarter last year, which would indicate a positive year over year growth rate of 11.4%. The company is expected to announce its next quarterly earnings results on Thursday, October 24th.

On average, analysts expect that SPS Commerce will report full-year sales of $277.47 million for the current financial year, with estimates ranging from $277.13 million to $277.70 million. For the next financial year, analysts forecast that the company will report sales of $302.50 million, with estimates ranging from $301.50 million to $303.70 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow SPS Commerce.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Thursday, July 25th. The software maker reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.20. SPS Commerce had a net margin of 11.69% and a return on equity of 9.10%. The firm had revenue of $68.53 million during the quarter, compared to analysts’ expectations of $68.13 million. During the same quarter in the previous year, the company posted $0.49 EPS. SPS Commerce’s revenue was up 12.2% on a year-over-year basis.

Several research analysts have weighed in on the stock. Benchmark reissued a “buy” rating and issued a $120.00 price target (up from $110.00) on shares of SPS Commerce in a report on Thursday, May 2nd. BidaskClub cut shares of SPS Commerce from a “hold” rating to a “sell” rating in a report on Friday. Canaccord Genuity raised their target price on shares of SPS Commerce from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, July 26th. First Analysis raised shares of SPS Commerce from a “neutral” rating to an “outperform” rating in a report on Friday, April 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 target price (up from $110.00) on shares of SPS Commerce in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $116.30.

SPS Commerce stock traded up $1.62 during trading hours on Tuesday, hitting $103.82. The company had a trading volume of 2,711 shares, compared to its average volume of 125,603. The firm has a market cap of $1.86 billion, a PE ratio of 85.26, a PEG ratio of 4.08 and a beta of 0.63. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.67 and a quick ratio of 4.67. SPS Commerce has a one year low of $75.83 and a one year high of $118.28. The firm has a 50-day moving average of $105.33 and a 200 day moving average of $104.33.

SPS Commerce shares are going to split on the morning of Thursday, August 22nd. The 2-1 split was announced on Thursday, July 25th. The newly created shares will be payable to shareholders after the market closes on Wednesday, August 21st.

In related 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 owns 8,508 shares of the company’s stock, valued at $932,646.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sven Wehrwein sold 2,644 shares of SPS Commerce stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $105.00, for a total transaction of $277,620.00. Following the transaction, the director now directly owns 9,235 shares of the company’s stock, valued at approximately $969,675. The disclosure for this sale can be found here. Insiders have sold 55,653 shares of company stock valued at $6,235,321 in the last three months. 3.34% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in SPSC. Municipal Employees Retirement System of Michigan increased its stake in SPS Commerce by 1.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 5,310 shares of the software maker’s stock valued at $543,000 after purchasing an additional 90 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in SPS Commerce by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 6,700 shares of the software maker’s stock worth $696,000 after purchasing an additional 100 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in SPS Commerce by 1.8% during the second quarter. State of Alaska Department of Revenue now owns 6,096 shares of the software maker’s stock worth $623,000 after purchasing an additional 110 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in SPS Commerce by 2.5% during the first quarter. Crossmark Global Holdings Inc. now owns 4,913 shares of the software maker’s stock worth $521,000 after purchasing an additional 120 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in SPS Commerce by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 6,842 shares of the software maker’s stock worth $726,000 after purchasing an additional 124 shares during the last quarter. 99.41% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for SPS Commerce (NASDAQ:SPSC)

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