SPS Commerce (NASDAQ:SPSC) Issues FY 2020 After-Hours Earnings Guidance
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.
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.
Recommended Story: Learning About the VIX – Volatility Index
Receive News & Ratings for SPS Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPS Commerce and related companies with MarketBeat.com's FREE daily email newsletter.