Cimpress (NASDAQ:CMPR) Earns “Sell” Rating from SunTrust Banks

SunTrust Banks reiterated their sell rating on shares of Cimpress (NASDAQ:CMPR) in a research note released on Tuesday, The Fly reports. They currently have a $84.00 price objective on the business services provider’s stock. SunTrust Banks also issued estimates for Cimpress’ FY2024 earnings at $7.20 EPS.

“Wed 7/31 AMC. We believe results will show continued growth challenges with Vistaprint, as mgt works to fix the foundational basics of the platform. We believe that it will take time and effort to successfully address all the issues (operational, technical and competitive) at hand across the multitude of segments and geos, and expect the NT performance will remain muted. Our Sell rating is based on 1) lack of visibility into timing for growth re-acceleration, particularly at Vistaprint, 2) lack of catalysts (other than buybacks); and 3) valuation. Our estimates vs. Street consensus. We expect $660.9M in revenue, +5% Y/ Y growth, $0.62 in EPS and $98.3M in EBITDA. FactSet consensus (consisting of only 3 estimates) is currently at $657.5M, $0.51 and $93.2M, respectively.”,” SunTrust Banks’ analyst commented.

Several other equities research analysts have also recently issued reports on CMPR. Barrington Research reiterated a buy rating and issued a $100.00 price target on shares of Cimpress in a research note on Friday, May 17th. ValuEngine cut Cimpress from a hold rating to a sell rating in a research note on Tuesday, July 2nd. BidaskClub upgraded Cimpress from a hold rating to a buy rating in a research note on Wednesday, July 24th. Finally, Aegis reiterated a hold rating and issued a $80.00 price target on shares of Cimpress in a research note on Wednesday, June 5th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Cimpress has a consensus rating of Hold and a consensus price target of $88.00.

Shares of CMPR stock traded up $1.63 during trading on Tuesday, hitting $105.02. The company had a trading volume of 6,934 shares, compared to its average volume of 126,281. The company has a quick ratio of 0.40, a current ratio of 0.53 and a debt-to-equity ratio of 8.71. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 32.89, a P/E/G ratio of 1.61 and a beta of 0.03. The stock’s 50-day simple moving average is $94.16. Cimpress has a one year low of $73.74 and a one year high of $149.05.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings results on Wednesday, July 31st. The business services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.74. The business had revenue of $674.71 million during the quarter, compared to analysts’ expectations of $657.51 million. Cimpress had a return on equity of 62.17% and a net margin of 1.98%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.24) earnings per share. On average, analysts predict that Cimpress will post 2.68 EPS for the current year.

In other Cimpress news, EVP Donald Leblanc sold 5,621 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $88.08, for a total transaction of $495,097.68. Following the completion of the sale, the executive vice president now directly owns 28,651 shares in the company, valued at $2,523,580.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 18.40% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC lifted its stake in Cimpress by 2.5% during the second quarter. Janus Henderson Group PLC now owns 3,785,510 shares of the business services provider’s stock worth $344,065,000 after purchasing an additional 91,165 shares during the last quarter. FMR LLC lifted its stake in Cimpress by 9.7% during the first quarter. FMR LLC now owns 800,546 shares of the business services provider’s stock worth $64,148,000 after purchasing an additional 70,901 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Cimpress by 3.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 655,353 shares of the business services provider’s stock worth $67,780,000 after purchasing an additional 24,236 shares during the last quarter. Rice Hall James & Associates LLC lifted its stake in Cimpress by 2.9% during the first quarter. Rice Hall James & Associates LLC now owns 317,487 shares of the business services provider’s stock worth $25,440,000 after purchasing an additional 8,879 shares during the last quarter. Finally, Norges Bank bought a new stake in Cimpress during the fourth quarter worth $21,233,000. Hedge funds and other institutional investors own 86.84% of the company’s stock.

About Cimpress

Cimpress N.V. provides various mass customization services in the United States, Germany, and internationally. The company delivers various volumes of individually small-sized customized orders for a range of print, signage, photo merchandise, invitation and announcement, packaging, apparel, and other categories primarily through the Internet.

Recommended Story: What are the most popular ETFs

The Fly

Receive News & Ratings for Cimpress Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cimpress and related companies with MarketBeat.com's FREE daily email newsletter.