SPS Commerce (NASDAQ:SPSC) updated its third quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.32-0.33 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.33. The company issued revenue guidance of $76.6-77.1 million, compared to the consensus revenue estimate of $75.68 million.SPS Commerce also updated its FY 2020
After-Hours guidance to 1.41-1.42 EPS.

Several brokerages recently issued reports on SPSC. Needham & Company LLC reissued a buy rating on shares of SPS Commerce in a research note on Friday. Oppenheimer began coverage on SPS Commerce in a research note on Friday. They issued a hold rating for the company. BidaskClub downgraded SPS Commerce from a strong-buy rating to a buy rating in a research note on Wednesday, July 15th. ValuEngine downgraded SPS Commerce from a buy rating to a hold rating in a research note on Tuesday, April 14th. Finally, Craig Hallum reduced their price objective on SPS Commerce from $71.00 to $65.00 and set a buy rating for the company in a research note on Monday, April 27th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $70.11.

Shares of SPSC traded up $1.85 during midday trading on Friday, reaching $75.17. 340,551 shares of the stock were exchanged, compared to its average volume of 183,047. SPS Commerce has a 12-month low of $31.28 and a 12-month high of $77.59. The firm has a 50 day simple moving average of $73.35 and a 200-day simple moving average of $59.40. The company has a quick ratio of 4.68, a current ratio of 4.68 and a debt-to-equity ratio of 0.05. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 70.25, a P/E/G ratio of 5.06 and a beta of 0.87.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results on Thursday, July 30th. The software maker reported $0.31 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.31. SPS Commerce had a return on equity of 11.72% and a net margin of 13.23%. The company had revenue of $75.57 million during the quarter, compared to the consensus estimate of $74.39 million. Research analysts expect that SPS Commerce will post 0.99 earnings per share for the current fiscal year.

In other news, CEO Archie C. Black sold 1,390 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $62.54, for a total transaction of $86,930.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Philip Soran sold 7,120 shares of the stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $72.76, for a total value of $518,051.20. Following the transaction, the director now directly owns 23,030 shares in the company, valued at approximately $1,675,662.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,498 shares of company stock worth $6,569,540. 7.20% of the stock is currently owned by insiders.

About SPS Commerce

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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