SPS Commerce (SPSC) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS
SPS Commerce (NASDAQ:SPSC) released its earnings results on Monday. The software maker reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.04, Bloomberg Earnings reports. The firm had revenue of $58.20 million during the quarter, compared to analysts’ expectations of $57.47 million. SPS Commerce had a net margin of 3.97% and a return on equity of 4.25%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 EPS.
SPS Commerce (NASDAQ:SPSC) traded down $0.07 during trading hours on Tuesday, hitting $50.40. The stock had a trading volume of 126,180 shares, compared to its average volume of 116,515. The company has a market capitalization of $893.08, a PE ratio of 102.86, a P/E/G ratio of 2.93 and a beta of 1.10. SPS Commerce has a 52 week low of $45.02 and a 52 week high of $67.20.
SPS Commerce announced that its board has authorized a stock buyback program on Thursday, November 2nd that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the software maker to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
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About SPS Commerce
SPS Commerce, Inc is a provider of cloud-based supply chain management solutions, providing network-proven fulfillment, sourcing and item assortment management solutions, along with retail performance analytics. The Company provides its solutions through the SPS Commerce platform, a cloud-based product suite that manages the way suppliers, retailers, distributors and logistics firms orchestrate the sourcing, set up of new vendors and items, and fulfillment of products that customers buy from retailers and suppliers.
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