SPS Commerce (SPSC) Set to Announce Earnings on Thursday

SPS Commerce (NASDAQ:SPSC) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $0.83 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, July 25th. The software maker reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. The business had revenue of $153.60 million during the quarter, compared to the consensus estimate of $151.87 million. SPS Commerce had a return on equity of 12.41% and a net margin of 12.31%. The business’s quarterly revenue was up 17.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 EPS. On average, analysts expect SPS Commerce to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

SPS Commerce Trading Down 0.8 %

SPSC stock opened at $191.43 on Wednesday. The stock’s 50 day simple moving average is $193.42 and its 200 day simple moving average is $190.56. SPS Commerce has a 12-month low of $151.96 and a 12-month high of $218.74. The firm has a market cap of $7.10 billion, a P/E ratio of 99.70 and a beta of 0.82.

Insider Buying and Selling

In other SPS Commerce news, Director Sven Wehrwein sold 2,000 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $201.35, for a total transaction of $402,700.00. Following the completion of the transaction, the director now owns 16,212 shares in the company, valued at approximately $3,264,286.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

SPSC has been the topic of a number of research reports. Stifel Nicolaus increased their target price on shares of SPS Commerce from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Robert W. Baird raised their target price on shares of SPS Commerce from $178.00 to $186.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Craig Hallum lifted their target price on SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Needham & Company LLC reiterated a “buy” rating and set a $230.00 price target on shares of SPS Commerce in a research report on Friday, August 2nd. Finally, DA Davidson boosted their price objective on SPS Commerce from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, SPS Commerce has a consensus rating of “Moderate Buy” and a consensus price target of $220.25.

SPS Commerce Company Profile

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.