Brokerages expect that Cimpress NV (NASDAQ:CMPR) will announce sales of $612.33 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Cimpress’ earnings. The lowest sales estimate is $600.80 million and the highest is $623.86 million. Cimpress posted sales of $550.59 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.2%. The company is expected to announce its next quarterly earnings report on Wednesday, April 25th.
According to Zacks, analysts expect that Cimpress will report full-year sales of $612.33 million for the current financial year, with estimates ranging from $2.54 billion to $2.59 billion. For the next year, analysts expect that the firm will report sales of $2.84 billion per share, with estimates ranging from $2.78 billion to $2.90 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Cimpress.
Cimpress (NASDAQ:CMPR) last released its quarterly earnings results on Wednesday, January 31st. The business services provider reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.10. Cimpress had a negative return on equity of 15.72% and a negative net margin of 1.00%. The business had revenue of $762.10 million during the quarter, compared to analysts’ expectations of $692.34 million. During the same period in the previous year, the business posted $1.07 earnings per share. The firm’s revenue for the quarter was up 32.1% compared to the same quarter last year.
A number of research firms recently issued reports on CMPR. BidaskClub raised Cimpress from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 7th. Zacks Investment Research raised Cimpress from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 16th. Finally, ValuEngine cut Cimpress from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $109.50.
Cimpress stock traded up $6.36 during trading on Tuesday, hitting $167.19. The company had a trading volume of 441,009 shares, compared to its average volume of 284,142. The company has a debt-to-equity ratio of 6.43, a current ratio of 0.44 and a quick ratio of 0.33. Cimpress has a fifty-two week low of $78.80 and a fifty-two week high of $171.76. The company has a market capitalization of $5,126.88, a PE ratio of -199.04, a price-to-earnings-growth ratio of 5.50 and a beta of -0.15.
In related news, CFO Sean Edward Quinn sold 766 shares of Cimpress stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $163.99, for a total value of $125,616.34. Following the completion of the sale, the chief financial officer now directly owns 566 shares in the company, valued at $92,818.34. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Donald Leblanc sold 1,500 shares of Cimpress stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $157.53, for a total value of $236,295.00. Following the completion of the sale, the executive vice president now owns 23,047 shares of the company’s stock, valued at $3,630,593.91. The disclosure for this sale can be found here. Over the last quarter, insiders sold 69,672 shares of company stock valued at $9,311,234. Corporate insiders own 11.80% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Janus Henderson Group PLC acquired a new stake in Cimpress in the third quarter worth about $398,436,000. BlackRock Inc. grew its position in shares of Cimpress by 1.1% during the 4th quarter. BlackRock Inc. now owns 1,147,995 shares of the business services provider’s stock worth $137,622,000 after buying an additional 12,754 shares during the period. ArrowMark Colorado Holdings LLC grew its position in shares of Cimpress by 8.4% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 986,897 shares of the business services provider’s stock worth $118,309,000 after buying an additional 76,125 shares during the period. CAS Investment Partners LLC acquired a new position in shares of Cimpress during the 4th quarter worth about $32,152,000. Finally, Rice Hall James & Associates LLC grew its position in shares of Cimpress by 9.9% during the 4th quarter. Rice Hall James & Associates LLC now owns 213,143 shares of the business services provider’s stock worth $25,552,000 after buying an additional 19,150 shares during the period. Hedge funds and other institutional investors own 98.64% of the company’s stock.
Cimpress Company Profile
Cimpress N.V., formerly Vistaprint N.V., is a technology driven company, which aggregates through the Internet, large volumes of small, individually customized orders for a spectrum of print, signage, apparel and similar products. The Company operates through segments, which include Vistaprint business unit, Upload and Print business units and All Other business units.
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