SPS Commerce (SPSC) to Release Quarterly Earnings on Thursday

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SPS Commerce (NASDAQ:SPSC) is scheduled to be announcing its earnings results after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, July 25th. The software maker reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.10. SPS Commerce had a return on equity of 9.10% and a net margin of 11.69%. The business had revenue of $68.53 million during the quarter, compared to analysts’ expectations of $68.13 million. During the same period in the previous year, the firm posted $0.25 earnings per share. The company’s revenue was up 12.2% on a year-over-year basis. On average, analysts expect SPS Commerce to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NASDAQ SPSC opened at $47.31 on Wednesday. SPS Commerce has a twelve month low of $37.92 and a twelve month high of $59.14. The company has a current ratio of 4.67, a quick ratio of 4.67 and a debt-to-equity ratio of 0.05. The stock has a fifty day simple moving average of $47.59 and a 200-day simple moving average of $87.61. The stock has a market capitalization of $1.65 billion, a PE ratio of 77.56, a PEG ratio of 3.61 and a beta of 0.63.

In related news, CEO Archie C. Black sold 5,000 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $115.00, for a total transaction of $575,000.00. Following the completion of the transaction, the chief executive officer now directly owns 68,344 shares of the company’s stock, valued at approximately $7,859,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kimberly K. Nelson sold 10,009 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $112.46, for a total value of $1,125,612.14. Following the transaction, the chief financial officer now directly owns 60,996 shares of the company’s stock, valued at $6,859,610.16. The disclosure for this sale can be found here. Insiders have sold a total of 45,349 shares of company stock valued at $5,120,617 over the last three months. 3.34% of the stock is currently owned by insiders.

A number of equities research analysts have recently weighed in on SPSC shares. ValuEngine cut SPS Commerce from a “hold” rating to a “sell” rating in a research note on Friday, August 23rd. BidaskClub raised SPS Commerce from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 19th. Oppenheimer dropped their price objective on SPS Commerce from $120.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, September 4th. Canaccord Genuity dropped their price objective on SPS Commerce to $60.00 and set a “buy” rating for the company in a research note on Wednesday, August 28th. Finally, Zacks Investment Research raised SPS Commerce from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $58.61.

About SPS Commerce

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.

See Also: How are Outstanding Shares Different from Authorized Shares?

Earnings History for SPS Commerce (NASDAQ:SPSC)

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