SPS Commerce, Inc. (NASDAQ:SPSC) updated its third quarter earnings guidance on Thursday. The company provided EPS guidance of $0.18-$0.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.20. The company issued revenue guidance of $55.8-$56.3 million, compared to the consensus revenue estimate of $56.48 million.SPS Commerce also updated its FY17 guidance to $0.86-$0.88 EPS.
A number of analysts have recently commented on the company. BidaskClub cut SPS Commerce from a sell rating to a strong sell rating in a research report on Friday. Zacks Investment Research upgraded SPS Commerce from a hold rating to a buy rating and set a $65.00 price objective for the company in a research report on Wednesday, August 2nd. Northland Securities set a $84.00 price objective on SPS Commerce and gave the company a buy rating in a research report on Thursday, July 27th. Oppenheimer Holdings, Inc. set a $74.00 price objective on SPS Commerce and gave the company a buy rating in a research report on Friday, July 28th. Finally, Canaccord Genuity restated a hold rating and issued a $65.00 price objective on shares of SPS Commerce in a research report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $75.50.
Shares of SPS Commerce, Inc. (NASDAQ:SPSC) traded down 0.28% during mid-day trading on Tuesday, hitting $58.02. The company had a trading volume of 25,988 shares. SPS Commerce, Inc. has a 12 month low of $48.11 and a 12 month high of $74.85. The firm has a market capitalization of $999.16 million, a P/E ratio of 109.68 and a beta of 1.20. The firm has a 50-day moving average price of $60.97 and a 200 day moving average price of $59.67.
SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, July 27th. The software maker reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. SPS Commerce had a return on equity of 4.70% and a net margin of 4.41%. The firm had revenue of $54.30 million during the quarter, compared to the consensus estimate of $53.74 million. During the same period last year, the business posted $0.15 EPS. SPS Commerce’s quarterly revenue was up 14.6% on a year-over-year basis. On average, equities research analysts forecast that SPS Commerce, Inc. will post $0.88 earnings per share for the current fiscal year.
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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