Zacks: Analysts Anticipate SPS Commerce, Inc. (NASDAQ:SPSC) Will Announce Quarterly Sales of $100.54 Million

Equities research analysts predict that SPS Commerce, Inc. (NASDAQ:SPSC) will report $100.54 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for SPS Commerce’s earnings, with the highest sales estimate coming in at $100.95 million and the lowest estimate coming in at $100.20 million. SPS Commerce posted sales of $83.31 million in the same quarter last year, which suggests a positive year over year growth rate of 20.7%. The business is scheduled to announce its next quarterly earnings results on Thursday, February 10th.

According to Zacks, analysts expect that SPS Commerce will report full year sales of $383.04 million for the current year, with estimates ranging from $382.70 million to $383.47 million. For the next fiscal year, analysts expect that the firm will report sales of $443.35 million, with estimates ranging from $440.10 million to $448.50 million. Zacks’ sales calculations are an average based on a survey of research firms that cover SPS Commerce.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, October 28th. The software maker reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.05. The company had revenue of $97.90 million for the quarter, compared to the consensus estimate of $97.41 million. SPS Commerce had a return on equity of 10.19% and a net margin of 12.38%. The firm’s revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 EPS.

SPSC has been the subject of several recent research reports. Northland Securities downgraded shares of SPS Commerce from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $140.00 to $170.00 in a research report on Friday, October 29th. Robert W. Baird boosted their price objective on SPS Commerce from $130.00 to $167.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 21st. Loop Capital increased their price target on SPS Commerce from $175.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, October 29th. Benchmark restated a “buy” rating and issued a $150.00 price target (up from $120.00) on shares of SPS Commerce in a report on Wednesday, September 1st. Finally, Zacks Investment Research downgraded SPS Commerce from a “buy” rating to a “hold” rating in a report on Thursday, November 4th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $166.89.

SPS Commerce stock traded up $0.90 during mid-day trading on Friday, reaching $144.91. 85,760 shares of the company traded hands, compared to its average volume of 180,749. The firm’s fifty day moving average is $156.27 and its two-hundred day moving average is $124.87. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 116.86 and a beta of 0.72. SPS Commerce has a fifty-two week low of $91.05 and a fifty-two week high of $174.42.

In other SPS Commerce news, Director Sven Wehrwein sold 900 shares of the firm’s stock in a transaction on Wednesday, November 17th. The stock was sold at an average price of $150.13, for a total transaction of $135,117.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Philip Soran sold 1,502 shares of SPS Commerce stock in a transaction on Thursday, November 4th. The shares were sold at an average price of $150.00, for a total value of $225,300.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,205 shares of company stock valued at $6,940,451. 1.60% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPSC. Congress Asset Management Co. MA boosted its holdings in shares of SPS Commerce by 359.3% during the 3rd quarter. Congress Asset Management Co. MA now owns 1,080,363 shares of the software maker’s stock valued at $174,273,000 after acquiring an additional 845,135 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in SPS Commerce by 19.0% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,142,231 shares of the software maker’s stock worth $343,988,000 after buying an additional 342,165 shares during the period. American Century Companies Inc. lifted its holdings in SPS Commerce by 6,989.7% during the 3rd quarter. American Century Companies Inc. now owns 223,752 shares of the software maker’s stock worth $36,093,000 after buying an additional 220,596 shares during the period. Morgan Stanley lifted its holdings in SPS Commerce by 86.1% during the 1st quarter. Morgan Stanley now owns 309,841 shares of the software maker’s stock worth $30,770,000 after buying an additional 143,385 shares during the period. Finally, Millennium Management LLC acquired a new position in SPS Commerce during the 1st quarter worth about $11,392,000. 97.11% of the stock is currently owned by institutional investors.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management services. The firm serves retailers, suppliers, grocers, distributors and logistics firms to orchestrate the management of item data, order fulfillment, inventory control and sales analytics across all channels. Its SPS Commerce cloud services platform offers Trading Partner Community, Fulfillment, Assortment, Analytics, Sourcing, and Other Trading Partner Solutions.

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