Coupa (NASDAQ:COUP) Issues Q1 Earnings Guidance

Coupa (NASDAQ:COUP) updated its first quarter earnings guidance on Monday. The company provided EPS guidance of ($0.13)-($0.11) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.11). The company issued revenue guidance of $51.0-51.5 million, compared to the consensus revenue estimate of $49.46 million.Coupa also updated its FY19 guidance to ($0.28)-($0.23) EPS.

Several equities research analysts have commented on the company. CIBC assumed coverage on Coupa in a report on Friday, December 22nd. They issued an outperform rating and a $41.00 target price on the stock. Zacks Investment Research downgraded Coupa from a buy rating to a hold rating in a report on Monday, March 12th. Loop Capital upped their price target on Coupa to $48.00 and gave the company a hold rating in a report on Wednesday, March 14th. JMP Securities downgraded Coupa from an outperform rating to a market perform rating and set a $31.00 price target on the stock. in a report on Tuesday, March 13th. Finally, Northland Securities set a $41.00 price target on Coupa and gave the company a buy rating in a report on Wednesday, January 17th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Coupa has an average rating of Buy and an average target price of $46.13.

Shares of COUP opened at $46.78 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.18 and a quick ratio of 3.18. The stock has a market capitalization of $2,559.65, a price-to-earnings ratio of -61.55 and a beta of 1.13. Coupa has a 52 week low of $23.89 and a 52 week high of $50.69.

Coupa (NASDAQ:COUP) last issued its quarterly earnings results on Monday, March 12th. The technology company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.17. Coupa had a negative return on equity of 19.30% and a negative net margin of 23.45%. The business had revenue of $53.80 million during the quarter, compared to analysts’ expectations of $48.64 million. During the same quarter in the prior year, the business posted ($0.05) earnings per share. The business’s quarterly revenue was up 41.5% on a year-over-year basis. research analysts anticipate that Coupa will post -1.16 earnings per share for the current fiscal year.

In other news, insider Anthony D. Tiscornia sold 1,293 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $33.91, for a total value of $43,845.63. Following the completion of the sale, the insider now directly owns 1,033 shares of the company’s stock, valued at approximately $35,029.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert Bernshteyn sold 2,460 shares of the firm’s stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $47.44, for a total value of $116,702.40. Following the completion of the sale, the chief executive officer now directly owns 138,872 shares of the company’s stock, valued at $6,588,087.68. The disclosure for this sale can be found here. Insiders have sold 401,919 shares of company stock valued at $17,118,797 in the last quarter. 32.10% of the stock is currently owned by company insiders.

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Coupa Company Profile

Coupa Software Incorporated provides cloud-based spend management platform. The company's platform connects organization with suppliers globally; and provides visibility into and control over how companies spend money, as well as enables businesses to achieve savings that drive profitability. Its platform consists of procurement, invoicing, and expense management modules that form its transactional engine and capture a company's spend under management; and offers supporting modules, including sourcing, analytics, contract management, supplier management, inventory management, and storefront that help companies further manage their spend.

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