Cimpress (NASDAQ:CMPR) Announces Earnings Results, Misses Expectations By $0.91 EPS

Cimpress (NASDAQ:CMPR) issued its quarterly earnings data on Wednesday. The business services provider reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.91), FiscalAI reports. Cimpress had a negative return on equity of 17.38% and a net margin of 2.25%. The firm had revenue of $934.05 million during the quarter, compared to the consensus estimate of $934.18 million.

Cimpress Trading Down 19.3%

Shares of CMPR stock opened at $60.32 on Friday. Cimpress has a 12-month low of $59.12 and a 12-month high of $106.57. The stock has a market capitalization of $1.47 billion, a P/E ratio of 17.95 and a beta of 1.82. The firm’s 50 day moving average is $80.77 and its 200 day moving average is $84.39.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CMPR shares. Zacks Research lowered shares of Cimpress from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. Weiss Ratings raised shares of Cimpress from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Wall Street Zen cut Cimpress from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Truist Financial decreased their price objective on Cimpress from $110.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Finally, Barrington Research set a $121.00 target price on Cimpress in a research report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $114.50.

Insider Activity

In related news, CEO Robert Keane sold 16,000 shares of the stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $84.88, for a total transaction of $1,358,080.00. Following the completion of the sale, the chief executive officer owned 764,000 shares in the company, valued at approximately $64,848,320. This trade represents a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 34,500 shares of company stock valued at $3,001,585 over the last three months. Corporate insiders own 10.20% of the company’s stock.

About Cimpress

Cimpress plc (NASDAQ:CMPR) is a global provider of mass-customization products and services. The company uses technology, manufacturing, and marketing platforms to help small businesses, consumers, and organizations create and order personalized physical and digital products.

Its portfolio includes custom marketing materials, signage, apparel, promotional products, packaging, gifts, invitations, photo products, websites, and design services. Cimpress operates through a collection of specialized businesses and brands, including VistaPrint, 99designs by Vista, VistaCreate, National Pen, and other regional and category-focused businesses serving customers in North America, Europe, Asia, and other international markets.

The company was founded in 1995 by Robert Keane as Vistaprint and changed its corporate name to Cimpress in 2014 as it expanded beyond its original online printing business.