SPS Commerce (NASDAQ:SPSC) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $1.65-1.69 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.43. The company issued revenue guidance of $243.7-245.1 million, compared to the consensus revenue estimate of $243.18 million.SPS Commerce also updated its Q3 guidance to $0.39-0.41 EPS.
Shares of SPSC stock opened at $94.02 on Friday. SPS Commerce has a fifty-two week low of $45.02 and a fifty-two week high of $94.60. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 223.86, a price-to-earnings-growth ratio of 3.53 and a beta of 0.72.
SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Thursday, July 26th. The software maker reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.16. SPS Commerce had a return on equity of 4.25% and a net margin of 0.61%. The company had revenue of $61.09 million during the quarter, compared to analysts’ expectations of $59.78 million. During the same period in the prior year, the company earned $0.23 EPS. SPS Commerce’s revenue was up 12.9% compared to the same quarter last year. equities research analysts expect that SPS Commerce will post 1.15 earnings per share for the current year.
In other news, CEO Archie C. Black sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $90.00, for a total value of $900,000.00. Following the transaction, the chief executive officer now owns 95,852 shares in the company, valued at approximately $8,626,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO James J. Frome sold 3,280 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $90.00, for a total value of $295,200.00. Following the completion of the transaction, the chief operating officer now owns 31,892 shares in the company, valued at approximately $2,870,280. The disclosure for this sale can be found here. Insiders have sold a total of 41,495 shares of company stock valued at $3,600,600 in the last quarter. Company insiders own 2.80% of the company’s stock.
About SPS Commerce
SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It provides solutions through the SPS Commerce platform, a cloud-based product suite that enhances the way retailers, suppliers, distributors, logistics firms, and other trading partners manage and fulfill orders, manage sell-through performance, and source new items.
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