Brokerages Expect SPS Commerce, Inc. (NASDAQ:SPSC) to Announce $0.41 Earnings Per Share

Analysts expect that SPS Commerce, Inc. (NASDAQ:SPSC) will report earnings of $0.41 per share for the current fiscal quarter, according to Zacks. Four analysts have made estimates for SPS Commerce’s earnings, with the lowest EPS estimate coming in at $0.41 and the highest estimate coming in at $0.42. SPS Commerce posted earnings per share of $0.40 in the same quarter last year, which suggests a positive year over year growth rate of 2.5%. The firm is scheduled to report its next earnings results on Thursday, February 10th.

On average, analysts expect that SPS Commerce will report full year earnings of $1.77 per share for the current year. For the next fiscal year, analysts expect that the firm will post earnings of $1.99 per share, with EPS estimates ranging from $1.96 to $2.03. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover SPS Commerce.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, October 28th. The software maker reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.05. SPS Commerce had a return on equity of 10.19% and a net margin of 12.38%. The business had revenue of $97.90 million during the quarter, compared to analyst estimates of $97.41 million. During the same period in the previous year, the company posted $0.29 EPS. The firm’s revenue was up 23.0% compared to the same quarter last year.

SPSC has been the subject of a number of recent research reports. Zacks Investment Research lowered SPS Commerce from a “buy” rating to a “hold” rating in a report on Thursday, November 4th. Northland Securities lowered SPS Commerce from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $140.00 to $170.00 in a report on Friday, October 29th. Needham & Company LLC boosted their price objective on SPS Commerce from $130.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, October 29th. Loop Capital boosted their price objective on SPS Commerce from $175.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, October 29th. Finally, Stifel Nicolaus boosted their price objective on SPS Commerce from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, September 7th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $166.89.

SPS Commerce stock traded up $0.90 during midday trading on Thursday, reaching $144.91. The stock had a trading volume of 85,760 shares, compared to its average volume of 180,749. The company has a fifty day moving average price of $156.27 and a two-hundred day moving average price of $124.87. The company has a market capitalization of $5.21 billion, a P/E ratio of 116.86 and a beta of 0.72. SPS Commerce has a 12 month low of $91.05 and a 12 month high of $174.42.

In other SPS Commerce news, CEO Archie C. Black sold 46,803 shares of the stock in a transaction on Wednesday, November 10th. The stock was sold at an average price of $140.59, for a total transaction of $6,580,033.77. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Sven Wehrwein sold 900 shares of the stock in a transaction on Wednesday, November 17th. The stock was sold at an average price of $150.13, for a total value of $135,117.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,205 shares of company stock valued at $6,940,451. 1.60% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board bought a new position in SPS Commerce in the first quarter valued at $2,086,000. Mutual of America Capital Management LLC increased its stake in SPS Commerce by 7.3% in the second quarter. Mutual of America Capital Management LLC now owns 5,099 shares of the software maker’s stock valued at $509,000 after acquiring an additional 346 shares during the last quarter. Nicholas Company Inc. bought a new position in SPS Commerce in the second quarter valued at $5,281,000. US Bancorp DE increased its stake in SPS Commerce by 8.5% in the second quarter. US Bancorp DE now owns 49,212 shares of the software maker’s stock valued at $4,914,000 after acquiring an additional 3,873 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY increased its stake in SPS Commerce by 95,850.0% in the second quarter. Metropolitan Life Insurance Co NY now owns 9,595 shares of the software maker’s stock valued at $958,000 after acquiring an additional 9,585 shares during the last quarter. 97.11% of the stock is currently owned by institutional investors and hedge funds.

About SPS Commerce

SPS Commerce, Inc provides cloud-based supply chain management services. The firm serves retailers, suppliers, grocers, distributors and logistics firms to orchestrate the management of item data, order fulfillment, inventory control and sales analytics across all channels. Its SPS Commerce cloud services platform offers Trading Partner Community, Fulfillment, Assortment, Analytics, Sourcing, and Other Trading Partner Solutions.

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