Cimpress NV (NASDAQ:CMPR) – Investment analysts at Barrington Research decreased their Q3 2019 earnings per share estimates for shares of Cimpress in a research report issued on Monday, November 5th. Barrington Research analyst K. Steinke now forecasts that the business services provider will post earnings per share of $0.32 for the quarter, down from their previous forecast of $0.51. Barrington Research currently has a “Buy” rating and a $135.00 target price on the stock. Barrington Research also issued estimates for Cimpress’ Q4 2019 earnings at $0.34 EPS and FY2019 earnings at $2.52 EPS.
A number of other equities research analysts have also recently commented on the stock. BidaskClub cut shares of Cimpress from a “hold” rating to a “sell” rating in a research report on Friday, October 5th. ValuEngine raised shares of Cimpress from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. Zacks Investment Research cut shares of Cimpress from a “buy” rating to a “hold” rating in a research report on Monday, October 15th. Finally, SunTrust Banks reissued a “hold” rating and set a $155.00 target price on shares of Cimpress in a research report on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $135.25.
Cimpress (NASDAQ:CMPR) last released its quarterly earnings results on Wednesday, October 31st. The business services provider reported ($0.47) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.25). The firm had revenue of $588.98 million for the quarter, compared to analyst estimates of $615.35 million. Cimpress had a return on equity of 19.98% and a net margin of 0.22%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.72 earnings per share.
In related news, insider Sean Edward Quinn sold 777 shares of the stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $139.40, for a total transaction of $108,313.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John J. Gavin, Jr. sold 9,548 shares of the stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $113.61, for a total transaction of $1,084,748.28. Following the sale, the director now directly owns 9,548 shares of the company’s stock, valued at approximately $1,084,748.28. The disclosure for this sale can be found here. Corporate insiders own 18.40% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Stone Ridge Asset Management LLC purchased a new position in shares of Cimpress in the third quarter worth $227,000. UBS Group AG raised its holdings in shares of Cimpress by 102.9% in the first quarter. UBS Group AG now owns 2,719 shares of the business services provider’s stock worth $421,000 after buying an additional 95,255 shares during the last quarter. First Republic Investment Management Inc. raised its holdings in shares of Cimpress by 20.6% in the second quarter. First Republic Investment Management Inc. now owns 3,409 shares of the business services provider’s stock worth $494,000 after buying an additional 582 shares during the last quarter. LMR Partners LLP purchased a new position in shares of Cimpress in the second quarter worth $584,000. Finally, WINTON GROUP Ltd raised its holdings in shares of Cimpress by 55.9% in the second quarter. WINTON GROUP Ltd now owns 4,212 shares of the business services provider’s stock worth $611,000 after buying an additional 1,510 shares during the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.
Cimpress Company Profile
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.
Further Reading: Outstanding Shares
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