Cimpress (NASDAQ:CMPR) Announces Earnings Results, Beats Expectations By $0.40 EPS

Key Points

• Cimpress reported Q (quarter) EPS of $0.55, beating the consensus by $0.40, and revenue of $886.21 million versus estimates of $858.97 million, though net margin was only 0.66% and return on equity was negative 4.18%.
• Shares slipped about 1.5% after the report, trading near $81.42 with a 52‑week range of $35.21–$84.00; the company has a market cap of $1.98 billion and a P/E of 90.47.
• Analysts have been lifting ratings and price targets, leaving a consensus rating of Buy and a consensus target price of $97.50 (individual targets up to $100).

Cimpress (NASDAQ:CMPR - Get Free Report) issued its quarterly earnings results on Wednesday. The business services provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.15 by $0.40, Zacks reports. The firm had revenue of $886.21 million during the quarter, compared to analyst estimates of $858.97 million. Cimpress had a net margin of 0.66% and a negative return on equity of 4.18%.

Cimpress Stock Down 1.5%

Shares of CMPR stock opened at $81.42 on Thursday. Cimpress has a fifty-two week low of $35.21 and a fifty-two week high of $84.00. The firm's 50 day moving average price is $74.72 and its two-hundred day moving average price is $72.45. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 90.47 and a beta of 1.71.

Analysts Set New Price Targets

CMPR has been the subject of several research reports. Wall Street Zen raised shares of Cimpress from a "buy" rating to a "strong-buy" rating in a research note on Sunday, March 1st. Zacks Research raised Cimpress from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 3rd. Truist Financial set a $100.00 target price on Cimpress in a report on Friday, January 30th. Finally, Barrington Research boosted their price target on Cimpress from $83.00 to $95.00 and gave the company an "outperform" rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $97.50.

Hedge Funds Weigh In On Cimpress

A number of hedge funds have recently made changes to their positions in the business. Allworth Financial LP lifted its holdings in shares of Cimpress by 250.0% during the 3rd quarter. Allworth Financial LP now owns 518 shares of the business services provider's stock valued at $33,000 after acquiring an additional 370 shares in the last quarter. Headlands Technologies LLC increased its holdings in Cimpress by 32.3% in the 2nd quarter. Headlands Technologies LLC now owns 986 shares of the business services provider's stock valued at $46,000 after purchasing an additional 241 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Cimpress in the second quarter valued at about $51,000. Quarry LP purchased a new position in Cimpress in the third quarter valued at about $55,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Cimpress during the fourth quarter worth about $66,000. Hedge funds and other institutional investors own 77.64% of the company's stock.

About Cimpress

Cimpress NV is a global leader in mass customization and web-to-print services, offering businesses and consumers an online platform to design, order and personalize printed marketing materials and promotional products. As the parent company of Vistaprint and a portfolio of regional print service providers, Cimpress leverages proprietary technology to connect millions of small- and medium-sized customers with a network of manufacturing facilities around the world. Its product range spans business cards, brochures, signage, labels, apparel, packaging and a variety of bespoke merchandise.

The company traces its roots to Vistaprint, founded in 1995 by Robert W.