Zacks: Analysts Anticipate Cimpress plc (NASDAQ:CMPR) Will Post Quarterly Sales of $684.24 Million

Equities analysts expect Cimpress plc (NASDAQ:CMPRGet Rating) to announce sales of $684.24 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Cimpress’ earnings. The highest sales estimate is $688.77 million and the lowest is $679.70 million. Cimpress reported sales of $641.02 million during the same quarter last year, which indicates a positive year over year growth rate of 6.7%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Cimpress will report full year sales of $2.85 billion for the current fiscal year, with estimates ranging from $2.84 billion to $2.85 billion. For the next financial year, analysts forecast that the business will post sales of $3.08 billion, with estimates ranging from $3.06 billion to $3.09 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Cimpress.

Cimpress (NASDAQ:CMPRGet Rating) last announced its quarterly earnings results on Wednesday, April 27th. The business services provider reported ($2.75) EPS for the quarter, missing analysts’ consensus estimates of ($0.83) by ($1.92). Cimpress had a negative net margin of 2.67% and a negative return on equity of 1.47%. The firm had revenue of $657.41 million during the quarter, compared to the consensus estimate of $632.70 million.

A number of research analysts have recently commented on CMPR shares. StockNews.com started coverage on Cimpress in a research note on Thursday, March 31st. They issued a “buy” rating for the company. TheStreet lowered Cimpress from a “c-” rating to a “d” rating in a research report on Thursday, April 28th. Truist Financial lowered their target price on Cimpress from $138.00 to $130.00 in a research report on Friday, January 28th. Finally, Zacks Investment Research raised Cimpress from a “sell” rating to a “hold” rating and set a $70.00 target price for the company in a research report on Tuesday, April 5th.

A number of large investors have recently made changes to their positions in CMPR. Morgan Stanley raised its position in Cimpress by 34.5% during the 2nd quarter. Morgan Stanley now owns 89,520 shares of the business services provider’s stock worth $9,704,000 after purchasing an additional 22,952 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Cimpress during the 3rd quarter worth about $542,000. Raymond James & Associates grew its holdings in Cimpress by 10.9% during the 3rd quarter. Raymond James & Associates now owns 35,767 shares of the business services provider’s stock worth $3,106,000 after acquiring an additional 3,525 shares during the period. PNC Financial Services Group Inc. grew its holdings in Cimpress by 36.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 492 shares of the business services provider’s stock worth $42,000 after acquiring an additional 132 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in Cimpress by 121.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 20,678 shares of the business services provider’s stock worth $1,792,000 after acquiring an additional 11,351 shares during the period. 78.18% of the stock is owned by institutional investors and hedge funds.

Shares of CMPR traded up $2.14 during trading hours on Monday, reaching $45.38. The stock had a trading volume of 66,714 shares, compared to its average volume of 96,070. Cimpress has a 12 month low of $41.39 and a 12 month high of $122.30. The stock has a market capitalization of $1.18 billion, a PE ratio of -15.70 and a beta of 1.53. The company’s 50-day moving average is $59.19 and its two-hundred day moving average is $68.66.

Cimpress Company Profile (Get Rating)

Cimpress plc provides various mass customization services in North America, Europe, and internationally. The company operates through five segments: Vistaprint, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall décor, business signage, and other printed products; web-to print products, including multi-page brochures, folders, flyers, business cards, signs, leaflets, booklets, posters, letterheads, and banners, as well as customized beverage cans; and printed materials, such as signage, print, advertising materials, corporate-wear, and promotional gifts.

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