SPS Commerce, Inc. (SPSC) Updates Q1 Earnings Guidance

SPS Commerce, Inc. (SPSC) Updates Q1 Earnings Guidance

SPS Commerce, Inc. (NASDAQ:SPSC) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.18-0.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.27. The company issued revenue guidance of $51.5-52.0 million, compared to the consensus revenue estimate of $53.23 million.SPS Commerce also updated its FY17 guidance to $0.80-0.83 EPS.

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) traded down 0.60% during mid-day trading on Tuesday, hitting $66.32. 123,405 shares of the stock traded hands. SPS Commerce, Inc. has a 12-month low of $38.35 and a 12-month high of $74.85. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 189.49 and a beta of 1.27. The firm’s 50 day moving average price is $70.24 and its 200 day moving average price is $68.12.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Tuesday, February 7th. The company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.02. The firm earned $51.10 million during the quarter, compared to analysts’ expectations of $50.91 million. SPS Commerce had a net margin of 3.27% and a return on equity of 4.24%. SPS Commerce’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 EPS. On average, equities research analysts predict that SPS Commerce, Inc. will post $0.99 EPS for the current fiscal year.

SPSC has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of SPS Commerce from a buy rating to a hold rating in a research report on Thursday, December 29th. Benchmark Co. initiated coverage on shares of SPS Commerce in a research report on Tuesday, December 6th. They set a buy rating and a $84.00 price objective for the company. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. SPS Commerce presently has a consensus rating of Buy and an average target price of $82.00.

In other news, CEO Archie C. Black sold 15,000 shares of the stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $69.27, for a total value of $1,039,050.00. Following the completion of the transaction, the chief executive officer now owns 82,215 shares in the company, valued at approximately $5,695,033.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.90% of the company’s stock.

About SPS Commerce

SPS Commerce, Inc is a provider of cloud-based supply chain management solutions. The Company provides integrations and retail performance analytics across the world. The Company provides its solutions through the SPS Commerce platform, a cloud-based product suite that enables suppliers, retailers, distributors and other customers to place, manage and fulfill orders.

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