SPS Commerce, Inc. (NASDAQ:SPSC) released its quarterly earnings data on Thursday, July 27th. The software maker reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.04, Bloomberg Earnings reports. 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 for the quarter, compared to the consensus estimate of $53.74 million. During the same quarter in the previous year, the business earned $0.15 earnings per share. The company’s quarterly revenue was up 14.6% on a year-over-year basis. SPS Commerce updated its Q3 guidance to $0.18-$0.20 EPS and its FY17 guidance to $0.86-$0.88 EPS.
SPS Commerce (NASDAQ:SPSC) opened at 58.56 on Thursday. The company has a 50-day moving average price of $59.70 and a 200 day moving average price of $58.82. SPS Commerce has a 52-week low of $48.11 and a 52-week high of $74.85. The company has a market capitalization of $1.01 billion, a PE ratio of 110.70 and a beta of 1.20.
A number of research analysts recently issued reports on the company. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of SPS Commerce in a report on Tuesday, August 8th. BidaskClub upgraded SPS Commerce from a “strong sell” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research upgraded SPS Commerce from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Wednesday, August 2nd. Canaccord Genuity reaffirmed a “hold” rating and set a $65.00 price objective on shares of SPS Commerce in a research report on Wednesday, July 26th. Finally, CIBC assumed coverage on SPS Commerce in a research report on Friday, July 21st. They set an “outperform” rating and a $74.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $75.50.
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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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