Equities research analysts predict that SPS Commerce, Inc. (NASDAQ:SPSC – Get Rating) will report $108.93 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for SPS Commerce’s earnings. The lowest sales estimate is $108.50 million and the highest is $109.50 million. SPS Commerce reported sales of $94.54 million in the same quarter last year, which indicates a positive year over year growth rate of 15.2%. The company is expected to issue its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that SPS Commerce will report full year sales of $443.78 million for the current fiscal year, with estimates ranging from $442.50 million to $444.50 million. For the next financial year, analysts expect that the firm will report sales of $509.43 million, with estimates ranging from $507.00 million to $511.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover SPS Commerce.
SPS Commerce (NASDAQ:SPSC – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The software maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.47 by $0.08. The business had revenue of $105.20 million for the quarter, compared to the consensus estimate of $104.50 million. SPS Commerce had a return on equity of 10.45% and a net margin of 11.74%. SPS Commerce’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 earnings per share.
In related news, CFO Kimberly K. Nelson sold 6,859 shares of the stock in a transaction on Thursday, February 24th. The stock was sold at an average price of $124.36, for a total value of $852,985.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Archie C. Black sold 14,309 shares of the stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $127.89, for a total value of $1,829,978.01. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,724 shares of company stock worth $7,547,420. Insiders own 1.30% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FourThought Financial LLC increased its stake in SPS Commerce by 207.8% in the third quarter. FourThought Financial LLC now owns 157 shares of the software maker’s stock valued at $25,000 after acquiring an additional 106 shares during the last quarter. CWM LLC increased its stake in SPS Commerce by 151.8% in the first quarter. CWM LLC now owns 214 shares of the software maker’s stock valued at $28,000 after acquiring an additional 129 shares during the last quarter. CVA Family Office LLC bought a new position in SPS Commerce in the fourth quarter valued at $32,000. Rockefeller Capital Management L.P. increased its stake in SPS Commerce by 47.9% in the third quarter. Rockefeller Capital Management L.P. now owns 216 shares of the software maker’s stock valued at $34,000 after acquiring an additional 70 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in shares of SPS Commerce by 153.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 274 shares of the software maker’s stock valued at $39,000 after buying an additional 166 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:SPSC opened at $120.64 on Tuesday. The company has a market cap of $4.36 billion, a P/E ratio of 94.99 and a beta of 0.81. The stock’s fifty day moving average price is $126.36 and its two-hundred day moving average price is $133.68. SPS Commerce has a 1 year low of $91.05 and a 1 year high of $174.42.
SPS Commerce Company Profile (Get Rating)
SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.
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