SPS Commerce (NASDAQ:SPSC) issued an update on its FY 2020
After-Hours earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.41-1.42 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.35. The company issued revenue guidance of $304.1-305.3 million, compared to the consensus revenue estimate of $301.9 million.SPS Commerce also updated its FY20 guidance to $1.41-1.42 EPS.

A number of brokerages have commented on SPSC. Needham & Company LLC restated a buy rating on shares of SPS Commerce in a research report on Friday. BidaskClub lowered shares of SPS Commerce from a strong-buy rating to a buy rating in a report on Wednesday, July 15th. Oppenheimer began coverage on SPS Commerce in a report on Friday. They set a hold rating on the stock. Zacks Investment Research cut SPS Commerce from a buy rating to a hold rating in a research note on Saturday, June 20th. Finally, ValuEngine lowered SPS Commerce from a buy rating to a hold rating in a research note on Tuesday, April 14th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. SPS Commerce currently has a consensus rating of Buy and a consensus target price of $70.11.

Shares of SPSC stock opened at $75.17 on Friday. The company has a market capitalization of $2.63 billion, a P/E ratio of 70.25, a price-to-earnings-growth ratio of 5.06 and a beta of 0.87. SPS Commerce has a 52 week low of $31.28 and a 52 week high of $77.59. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.68 and a current ratio of 4.68. The company’s 50 day moving average price is $73.35 and its two-hundred day moving average price is $59.40.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, July 30th. The software maker reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. The company had revenue of $75.57 million for the quarter, compared to analyst estimates of $74.39 million. SPS Commerce had a return on equity of 11.72% and a net margin of 13.23%. Analysts forecast that SPS Commerce will post 0.99 earnings per share for the current year.

In other SPS Commerce news, COO James J. Frome sold 63,261 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $60.06, for a total transaction of $3,799,455.66. Following the sale, the chief operating officer now directly owns 43,233 shares of the company’s stock, valued at approximately $2,596,573.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Sven Wehrwein sold 1,000 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $57.31, for a total transaction of $57,310.00. Following the transaction, the director now owns 15,470 shares of the company’s stock, valued at $886,585.70. The disclosure for this sale can be found here. Insiders sold 104,498 shares of company stock worth $6,569,540 over the last quarter. 7.20% of the stock is owned by corporate insiders.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce platform, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill orders, administer sell-through performance, and source new items.

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Earnings History and Estimates for SPS Commerce (NASDAQ:SPSC)

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