SPS Commerce (SPSC) Scheduled to Post Quarterly Earnings on Thursday

SPS Commerce (NASDAQ:SPSC) is scheduled to issue its quarterly earnings data after the market closes on Thursday, July 25th. Analysts expect the company to announce earnings of $0.76 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, April 25th. The software maker reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.20. The firm had revenue of $149.58 million for the quarter, compared to analyst estimates of $146.50 million. SPS Commerce had a net margin of 12.23% and a return on equity of 12.06%. 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 Price Performance

Shares of SPSC opened at $208.65 on Wednesday. The firm has a market capitalization of $7.73 billion, a PE ratio of 114.02 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 company’s fifty day moving average price is $191.31 and its 200-day moving average price is $185.37.

Insider Buying and Selling

In related news, Director Philip Soran sold 2,390 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $205.79, for a total transaction of $491,838.10. Following the completion of the transaction, the director now owns 18,852 shares in the company, valued at approximately $3,879,553.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Philip Soran sold 2,390 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $205.79, for a total transaction of $491,838.10. Following the completion of the transaction, the director now owns 18,852 shares in the company, valued at approximately $3,879,553.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James Burr Ramsey sold 6,567 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $193.90, for a total transaction of $1,273,341.30. Following the transaction, the director now owns 14,728 shares of the company’s stock, valued at approximately $2,855,759.20. The disclosure for this sale can be found here. Insiders sold a total of 12,242 shares of company stock worth $2,422,377 in the last 90 days. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SPSC. Needham & Company LLC reissued a “buy” rating and set a $205.00 price objective on shares of SPS Commerce in a report on Friday, May 10th. William Blair restated a “market perform” rating on shares of SPS Commerce in a research report on Thursday, April 25th. Robert W. Baird boosted their target price on shares of SPS Commerce from $172.00 to $178.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. Redburn Atlantic started coverage on shares of SPS Commerce in a research report on Tuesday, May 14th. They set a “buy” rating and a $220.00 target price for the company. Finally, Citigroup boosted their target price on shares of SPS Commerce from $213.00 to $222.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $200.29.

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.