$0.49 EPS Expected for SPS Commerce, Inc. (NASDAQ:SPSC) This Quarter

Equities analysts predict that SPS Commerce, Inc. (NASDAQ:SPSC – Get Rating) will post earnings per share of $0.49 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for SPS Commerce’s earnings. SPS Commerce reported earnings per share of $0.46 during the same quarter last year, which would indicate a positive year over year growth rate of 6.5%. The company is expected to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that SPS Commerce will report full-year earnings of $2.08 per share for the current year, with EPS estimates ranging from $2.08 to $2.09. For the next fiscal year, analysts forecast that the firm will report earnings of $2.42 per share, with EPS estimates ranging from $2.34 to $2.50. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for SPS Commerce.

SPS Commerce (NASDAQ:SPSC – Get Rating) last announced its earnings results on Thursday, April 28th. The software maker reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.08. The business had revenue of $105.20 million during the quarter, compared to the consensus estimate of $104.50 million. SPS Commerce had a return on equity of 10.33% and a net margin of 11.74%. The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 EPS.

Several research analysts have recently weighed in on SPSC shares. Zacks Investment Research raised SPS Commerce from a “sell” rating to a “hold” rating in a research note on Saturday, April 30th. Loop Capital reduced their target price on SPS Commerce from $195.00 to $175.00 in a research note on Thursday, February 10th. JMP Securities dropped their price target on SPS Commerce from $180.00 to $160.00 and set a “market outperform” rating for the company in a research report on Thursday, February 10th. Finally, StockNews.com began coverage on SPS Commerce in a research report on Thursday, March 31st. They set a “buy” rating for the company. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, SPS Commerce currently has an average rating of “Buy” and a consensus price target of $167.88.

In other SPS Commerce news, CFO Kimberly K. Nelson sold 6,859 shares of the company’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Archie C. Black sold 14,308 shares of the company’s stock in a transaction on Tuesday, February 22nd. The shares were sold at an average price of $123.58, for a total value of $1,768,182.64. The disclosure for this sale can be found here. Insiders have sold 59,724 shares of company stock valued at $7,547,420 over the last quarter. 1.30% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the company. FourThought Financial LLC lifted its stake in shares of SPS Commerce by 207.8% in the 3rd quarter. FourThought Financial LLC now owns 157 shares of the software maker’s stock valued at $25,000 after purchasing an additional 106 shares during the last quarter. CWM LLC lifted its stake in shares of SPS Commerce by 151.8% in the 1st quarter. CWM LLC now owns 214 shares of the software maker’s stock valued at $28,000 after purchasing an additional 129 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of SPS Commerce by 47.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 216 shares of the software maker’s stock valued at $34,000 after purchasing an additional 70 shares during the last quarter. CVA Family Office LLC acquired a new position in shares of SPS Commerce in the 4th quarter valued at $32,000. Finally, Parkside Financial Bank & Trust lifted its stake in shares of SPS Commerce by 153.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 274 shares of the software maker’s stock valued at $39,000 after purchasing an additional 166 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Shares of SPSC stock traded down $0.82 during trading hours on Friday, hitting $99.25. 214,050 shares of the company’s stock were exchanged, compared to its average volume of 200,956. The firm has a market cap of $3.59 billion, a P/E ratio of 78.15 and a beta of 0.84. The firm has a 50 day moving average of $121.63 and a two-hundred day moving average of $128.85. SPS Commerce has a fifty-two week low of $91.61 and a fifty-two week 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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