SPS Commerce (SPSC) is set to release quarterly results on Thursday


SPS Commerce (NASDAQ:SPSC – Get Rating) will release its quarterly earnings data after market close on Thursday, April 28. Analysts expect the company to report earnings of $0.30 per share for the quarter. SPS Commerce has set its guidance for the first quarter of 2022 at $0.460 – $0.470 EPS and its guidance for the fiscal year 2022 at $1.990 – $2.020 EPS. Parties wishing to register for the company’s conference call may do so using this link.

SPS Commerce (NASDAQ:SPSC – Get Rating) last reported quarterly earnings data on Wednesday, February 9. The software maker reported earnings per share of $0.32 for the quarter, beating Thomson Reuters consensus estimate of $0.29 by $0.03. The company posted revenue of $102.76 million in the quarter, against analyst estimates of $100.54 million. SPS Commerce had a return on equity of 10.10% and a net margin of 11.57%. In the same quarter a year earlier, the company posted earnings per share of $0.30. On average, analysts expect SPS Commerce to post EPS of $1 for the current fiscal year and EPS of $2 for the next fiscal year.

Shares of SPS Commerce opened at $127.99 on Thursday. The company has a fifty-day simple moving average of $127.26 and a 200-day simple moving average of $136.25. The company has a market capitalization of $4.62 billion, a price-earnings ratio of 105.78 and a beta of 0.81. SPS Commerce has a fifty-two week low of $91.05 and a fifty-two week high of $174.42.

SPSC has been the subject of a number of recent analyst reports. StockNews.com launched coverage on SPS Commerce in a research report on Thursday, March 31. They set a “buy” rating on the stock. Zacks Investment Research upgraded SPS Commerce from a “sell” rating to a “hold” rating in a Friday, April 15 research report. JMP Securities reduced its target price on SPS Commerce from $180.00 to $160.00 and set a “market outperformance” rating on the stock in a Thursday, Feb. 10 research report. Finally, Loop Capital reduced its price target on SPS Commerce from $195.00 to $175.00 in a Thursday, February 10 research report. Two investment analysts gave the stock a hold rating and seven gave the company a buy rating. Based on data from MarketBeat.com, SPS Commerce currently has an average rating of “Buy” and an average price target of $167.88.

In other news from SPS Commerce, CEO Archie C. Black sold 22,004 shares of the company in a trade dated Thursday, January 27. The stock was sold at an average price of $115.20, for a total value of $2,534,860.80. The sale was disclosed in a document filed with the SEC, which is available via this hyperlink. Additionally, CEO Archie C. Black sold 14,309 shares of the company in a trade dated Tuesday, March 1. The stock was sold at an average price of $127.89, for a total value of $1,829,978.01. The disclosure of this sale can be found here. Insiders have sold 90,400 shares of the company worth $11,080,636 in the past three months. 1.60% of the shares are held by insiders.

Hedge funds have recently changed their stakes in the company. BlackRock Inc. increased its stake in SPS Commerce shares by 3.2% during the 4th quarter. BlackRock Inc. now owns 5,712,611 shares of the software maker worth $813,189,000 after acquiring an additional 174,948 shares last quarter. California State Teachers Retirement System increased its stake in SPS Commerce shares by 2.2% during the 4th quarter. California State Teachers Retirement System now owns 49,926 shares of the software maker worth $7,107,000 after acquiring 1,060 additional shares in the last quarter. Thrivent Financial for Lutherans increased its stake in SPS Commerce shares by 1.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 29,268 shares of the software maker worth $4,166,000 after acquiring 305 additional shares last quarter. NEXT Financial Group Inc increased its stake in SPS Commerce shares by 24.0% during the 4th quarter. NEXT Financial Group Inc now owns 3,267 shares of the software maker worth $465,000 after acquiring 632 additional shares last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in SPS Commerce stock during Q4 for a value of approximately $443,000. 99.00% of the shares are currently held by institutional investors.

About SPS Commerce (Get an assessment)

SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through SPS Commerce, a cloud-based platform that improves the way retailers, suppliers, grocers, distributors and logistics companies manage and fulfill omnichannel orders, optimize sales performance and automate new business relationships.

See also

Earnings history for SPS Commerce (NASDAQ:SPSC)



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