SPS Commerce (SPSC) Receiving Somewhat Positive Media Coverage, Study Shows
Media stories about SPS Commerce (NASDAQ:SPSC) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SPS Commerce earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave press coverage about the software maker an impact score of 45.7604399596515 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
SPS Commerce (SPSC) opened at $50.42 on Friday. The stock has a market cap of $863.02, a P/E ratio of 102.90, a PEG ratio of 2.86 and a beta of 1.07. SPS Commerce has a 1 year low of $45.02 and a 1 year high of $72.35.
SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, October 26th. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.03. The firm had revenue of $56.15 million for the quarter, compared to the consensus estimate of $56.15 million. SPS Commerce had a net margin of 3.97% and a return on equity of 4.25%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.27 EPS. equities research analysts forecast that SPS Commerce will post 0.59 earnings per share for the current year.
SPS Commerce declared that its Board of Directors has initiated a share buyback program on Thursday, November 2nd that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the software maker to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.
Several equities research analysts recently issued reports on the stock. ValuEngine lowered shares of SPS Commerce from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Zacks Investment Research lowered shares of SPS Commerce from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. BidaskClub upgraded shares of SPS Commerce from a “strong sell” rating to a “sell” rating in a research report on Friday, December 22nd. Canaccord Genuity cut their target price on shares of SPS Commerce from $65.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, October 27th. Finally, Stifel Nicolaus cut their target price on shares of SPS Commerce from $75.00 to $68.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $68.00.
SPS Commerce Company Profile
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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