SPS Commerce (NASDAQ:SPSC – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 3.630-3.660 for the period, compared to the consensus EPS estimate of 3.330. The company issued revenue guidance of $624.2 million-$626.0 million, compared to the consensus revenue estimate of $623.5 million. SPS Commerce also updated its FY24 guidance to $3.63-$3.66 EPS.
SPS Commerce Trading Up 1.6 %
NASDAQ:SPSC traded up $3.38 on Friday, hitting $209.00. 282,430 shares of the company’s stock traded hands, compared to its average volume of 207,100. The company has a market cap of $7.74 billion, a PE ratio of 114.21 and a beta of 0.85. SPS Commerce has a 1 year low of $151.96 and a 1 year high of $218.74. The firm has a 50-day moving average price of $192.15 and a 200-day moving average price of $186.10.
SPS Commerce (NASDAQ:SPSC – Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The software maker reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. The company had revenue of $153.60 million for the quarter, compared to the consensus estimate of $151.87 million. SPS Commerce had a return on equity of 12.61% and a net margin of 12.31%. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.42 EPS. On average, research analysts forecast that SPS Commerce will post 2.23 EPS for the current fiscal year.
Analyst Ratings Changes
Read Our Latest Stock Report on SPSC
Insider Activity at SPS Commerce
In other news, Director James Burr Ramsey sold 6,567 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $193.90, for a total transaction of $1,273,341.30. Following the sale, the director now owns 14,728 shares in the company, valued at approximately $2,855,759.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other SPS Commerce news, Director James Burr Ramsey sold 6,567 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $193.90, for a total value of $1,273,341.30. Following the sale, the director now owns 14,728 shares of the company’s stock, valued at approximately $2,855,759.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Philip Soran sold 3,285 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $200.06, for a total transaction of $657,197.10. Following the completion of the sale, the director now directly owns 18,852 shares of the company’s stock, valued at $3,771,531.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,242 shares of company stock worth $2,422,377. 1.00% of the stock is owned by corporate insiders.
About SPS Commerce
SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.
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