Cimpress NV (NASDAQ:CMPR) – Research analysts at Barrington Research raised their Q2 2019 earnings per share (EPS) estimates for shares of Cimpress in a note issued to investors on Monday, November 5th. Barrington Research analyst K. Steinke now anticipates that the business services provider will earn $2.28 per share for the quarter, up from their previous forecast of $2.01. Barrington Research has a “Buy” rating and a $135.00 price objective on the stock. Barrington Research also issued estimates for Cimpress’ FY2020 earnings at $3.52 EPS.
A number of other research analysts have also weighed in on the stock. BidaskClub raised shares of Cimpress from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 27th. Zacks Investment Research downgraded shares of Cimpress from a “buy” rating to a “hold” rating in a report on Monday, October 15th. ValuEngine downgraded shares of Cimpress from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Finally, SunTrust Banks restated a “hold” rating and set a $155.00 price objective on shares of Cimpress in a report on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price 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 analysts’ consensus estimates of ($0.22) by ($0.25). Cimpress had a net margin of 0.22% and a return on equity of 19.98%. The firm had revenue of $588.98 million for the quarter, compared to the consensus estimate of $615.35 million. During the same period in the previous year, the business earned $0.72 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis.
In related news, Director John J. Gavin, Jr. sold 9,548 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now owns 9,548 shares in the company, valued at $1,084,748.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sean Edward Quinn sold 777 shares of the firm’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $139.40, for a total transaction of $108,313.80. The disclosure for this sale can be found here. Company insiders own 18.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James & Associates increased its holdings in Cimpress by 8.1% during the second quarter. Raymond James & Associates now owns 5,174 shares of the business services provider’s stock worth $750,000 after buying an additional 388 shares during the last quarter. First Republic Investment Management Inc. increased its holdings in Cimpress by 20.6% during 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. Wells Fargo & Company MN increased its holdings in Cimpress by 5.4% during the third quarter. Wells Fargo & Company MN now owns 12,947 shares of the business services provider’s stock worth $1,769,000 after buying an additional 659 shares during the last quarter. Neuburgh Advisers LLC increased its stake in shares of Cimpress by 3.8% in the second quarter. Neuburgh Advisers LLC now owns 18,432 shares of the business services provider’s stock worth $2,672,000 after purchasing an additional 672 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Cimpress by 2.3% in the third quarter. First Trust Advisors LP now owns 31,177 shares of the business services provider’s stock worth $4,259,000 after purchasing an additional 714 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.
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.
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