SPS Commerce (NASDAQ:SPSC) Issues Q2 Earnings Guidance

SPS Commerce (NASDAQ:SPSC) updated its second quarter earnings guidance on Thursday. The company provided EPS guidance of $0.75-0.76 for the period, compared to the consensus EPS estimate of $0.76. The company issued revenue guidance of $150.9-151.7 million, compared to the consensus revenue estimate of $151.18 million. SPS Commerce also updated its FY 2024 guidance to 3.280-3.320 EPS.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SPSC. Citigroup began coverage on SPS Commerce in a research report on Wednesday, March 13th. They issued a buy rating and a $216.00 price objective for the company. Needham & Company LLC reaffirmed a buy rating and issued a $205.00 price objective on shares of SPS Commerce in a research report on Friday. StockNews.com cut SPS Commerce from a buy rating to a hold rating in a research report on Friday, March 15th. Finally, Robert W. Baird raised their price objective on SPS Commerce from $172.00 to $178.00 and gave the company a neutral rating in a research report on Friday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $196.57.

SPS Commerce Price Performance

SPS Commerce stock traded up $9.53 during mid-day trading on Friday, reaching $178.96. 369,697 shares of the company were exchanged, compared to its average volume of 180,762. The company has a fifty day simple moving average of $178.97 and a 200-day simple moving average of $179.08. SPS Commerce has a 12 month low of $140.00 and a 12 month high of $218.74. The firm has a market cap of $6.64 billion, a PE ratio of 97.79 and a beta of 0.79.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. SPS Commerce had a return on equity of 12.31% and a net margin of 12.23%. The firm had revenue of $144.97 million for the quarter, compared to analyst estimates of $143.05 million. Sell-side analysts anticipate that SPS Commerce will post 2.13 earnings per share for the current year.

Insider Activity

In other news, COO James J. Frome sold 12,887 shares of SPS Commerce stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $179.27, for a total value of $2,310,252.49. Following the transaction, the chief operating officer now owns 44,369 shares in the company, valued at approximately $7,954,030.63. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, COO James J. Frome sold 12,887 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $179.27, for a total transaction of $2,310,252.49. Following the sale, the chief operating officer now owns 44,369 shares of the company’s stock, valued at approximately $7,954,030.63. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Archie C. Black sold 12,875 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $179.42, for a total value of $2,310,032.50. Following the sale, the director now directly owns 89,940 shares in the company, valued at approximately $16,137,034.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,688 shares of company stock worth $12,122,275. Insiders own 1.00% of the company’s stock.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.