Cimpress (NASDAQ:CMPR) Announces Quarterly Earnings Results, Misses Estimates By $0.91 EPS

Cimpress (NASDAQ:CMPR) announced its quarterly earnings results on Wednesday. The business services provider reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.80 by ($0.91), FiscalAI reports. The company had revenue of $934.05 million during the quarter, compared to analysts’ expectations of $934.18 million. Cimpress had a negative return on equity of 18.83% and a net margin of 2.57%.

Cimpress Trading Down 9.4%

Shares of Cimpress stock traded down $7.05 during trading on Thursday, hitting $67.73. 83,843 shares of the stock traded hands, compared to its average volume of 176,852. The stock’s fifty day simple moving average is $81.37 and its 200 day simple moving average is $84.48. The firm has a market cap of $1.65 billion, a P/E ratio of 17.95 and a beta of 1.82. Cimpress has a 52-week low of $60.59 and a 52-week high of $106.57.

Insider Buying and Selling

In other news, CEO Robert Keane sold 16,000 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $84.88, for a total value of $1,358,080.00. Following the completion of the sale, the chief executive officer owned 764,000 shares in the company, valued at approximately $64,848,320. The trade was a 2.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 34,500 shares of company stock worth $3,001,585. Company insiders own 10.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on CMPR. Zacks Research lowered Cimpress from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. Wall Street Zen lowered Cimpress from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Barrington Research set a $121.00 price objective on Cimpress in a report on Tuesday, August 11th. Weiss Ratings raised Cimpress from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Finally, Truist Financial reduced their target price on Cimpress from $110.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Cimpress presently has a consensus rating of “Moderate Buy” and an average price target of $114.50.

About Cimpress

Cimpress plc (NASDAQ:CMPR) is a global provider of mass-customization products and services. The company uses technology, manufacturing, and marketing platforms to help small businesses, consumers, and organizations create and order personalized physical and digital products.

Its portfolio includes custom marketing materials, signage, apparel, promotional products, packaging, gifts, invitations, photo products, websites, and design services. Cimpress operates through a collection of specialized businesses and brands, including VistaPrint, 99designs by Vista, VistaCreate, National Pen, and other regional and category-focused businesses serving customers in North America, Europe, Asia, and other international markets.

The company was founded in 1995 by Robert Keane as Vistaprint and changed its corporate name to Cimpress in 2014 as it expanded beyond its original online printing business.