$0.41 Earnings Per Share Expected for SPS Commerce, Inc. (NASDAQ:SPSC) This Quarter

Equities analysts expect SPS Commerce, Inc. (NASDAQ:SPSC) to report earnings of $0.41 per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for SPS Commerce’s earnings, with estimates ranging from $0.41 to $0.42. SPS Commerce posted earnings of $0.40 per share during the same quarter last year, which would indicate a positive year over year growth rate of 2.5%. The business is scheduled to report its next earnings report on Thursday, February 10th.

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

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

A number of analysts have recently issued reports on the company. Needham & Company LLC raised their price objective on SPS Commerce from $130.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, October 29th. Northland Securities cut SPS Commerce from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $140.00 to $170.00 in a research report on Friday, October 29th. Stifel Nicolaus raised their price objective on SPS Commerce from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, September 7th. Robert W. Baird raised their price objective on SPS Commerce from $130.00 to $167.00 and gave the company an “outperform” rating in a research report on Tuesday, September 21st. Finally, JMP Securities raised their price objective on SPS Commerce from $130.00 to $180.00 and gave the company a “market outperform” rating in a research report on Friday, October 29th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $166.89.

NASDAQ SPSC traded up $0.90 during trading hours on Thursday, hitting $144.91. 85,760 shares of the company traded hands, compared to its average volume of 180,749. The business’s 50-day moving average is $156.27 and its 200-day moving average is $124.87. SPS Commerce has a twelve month low of $91.05 and a twelve month high of $174.42. The stock has a market capitalization of $5.21 billion, a price-to-earnings ratio of 116.86 and a beta of 0.72.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Comerica Bank lifted its holdings in SPS Commerce by 9.2% during the 3rd quarter. Comerica Bank now owns 170,289 shares of the software maker’s stock worth $28,069,000 after buying an additional 14,373 shares during the period. Liontrust Investment Partners LLP acquired a new position in SPS Commerce during the 3rd quarter worth about $2,904,000. Bank of New York Mellon Corp lifted its holdings in SPS Commerce by 6.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 373,838 shares of the software maker’s stock worth $60,303,000 after buying an additional 22,696 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in SPS Commerce by 94.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 36,597 shares of the software maker’s stock worth $5,903,000 after buying an additional 17,771 shares during the period. Finally, Atria Investments LLC lifted its holdings in SPS Commerce by 7.3% during the 3rd quarter. Atria Investments LLC now owns 18,965 shares of the software maker’s stock worth $3,059,000 after buying an additional 1,286 shares during the period. 97.11% of the stock is currently owned by hedge funds and other institutional investors.

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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