SPS Commerce (NASDAQ:SPSC) Updates FY20 Earnings Guidance

SPS Commerce (NASDAQ:SPSC) updated its FY20 earnings guidance on Thursday. 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 $1.36. The company issued revenue guidance of $304.1-305.3 million, compared to the consensus revenue estimate of $301.89 million.SPS Commerce also updated its FY 2020
After-Hours guidance to 1.41-1.42 EPS.

Several equities analysts have commented on the company. Needham & Company LLC reissued a buy rating on shares of SPS Commerce in a research report on Friday. ValuEngine lowered SPS Commerce from a buy rating to a hold rating in a research report on Tuesday, April 14th. BidaskClub lowered SPS Commerce from a strong-buy rating to a buy rating in a research report on Wednesday, July 15th. Craig Hallum lowered their price target on SPS Commerce from $71.00 to $65.00 and set a buy rating for the company in a research report on Monday, April 27th. Finally, Zacks Investment Research lowered SPS Commerce from a buy rating to a hold rating in a research report on Saturday, June 20th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $70.11.

NASDAQ SPSC traded up $1.85 during trading hours on Friday, hitting $75.17. The company’s stock had a trading volume of 340,551 shares, 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 company’s 50 day simple moving average is $73.35 and its two-hundred day simple moving average is $59.40. The company has a market cap 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. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.68 and a quick ratio of 4.68.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, July 30th. The software maker reported $0.31 EPS for the quarter, hitting the 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. As a group, research analysts predict that SPS Commerce will post 0.99 earnings per share for the current fiscal year.

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