Cimpress (NASDAQ:CMPR) Issues Earnings Results, Misses Estimates By $0.91 EPS

Key Points

• Cimpress reported a quarterly loss of $0.11 per share, missing analysts’ $0.80 consensus estimate by $0.91. Revenue was essentially in line with expectations at $934.05 million versus $934.18 million expected.
• Shares fell $5.98 to $74.79 during Wednesday trading, while the stock remained well below its 52-week high of $106.57. Cimpress has a $1.82 billion market capitalization and a beta of 1.82.
• Analyst sentiment remains moderately positive, with a consensus “Moderate Buy” rating and a $114.50 target price, although several firms recently downgraded the stock to “Hold.” Insiders sold 34,500 shares worth approximately $3.0 million over the past 90 days.

Cimpress (NASDAQ:CMPR - Get Free Report) announced its quarterly earnings data on Wednesday. The business services provider reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of $0.80 by ($0.91), FiscalAI reports. The company had revenue of $934.05 million for the quarter, compared to analysts' expectations of $934.18 million. Cimpress had a negative return on equity of 18.83% and a net margin of 2.57%.

Cimpress Price Performance

CMPR traded down $5.98 during trading hours on Wednesday, reaching $74.79. The company's stock had a trading volume of 395,244 shares, compared to its average volume of 176,928. The stock has a market cap of $1.82 billion, a PE ratio of 19.84 and a beta of 1.82. Cimpress has a fifty-two week low of $60.59 and a fifty-two week high of $106.57. The business's 50-day moving average is $81.66 and its 200-day moving average is $84.47.

Analyst Ratings Changes

Several research firms have recently commented on CMPR. Weiss Ratings upgraded Cimpress from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. Wall Street Zen cut shares of Cimpress from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. Truist Financial dropped their price objective on shares of Cimpress from $110.00 to $108.00 and set a "buy" rating for the company in a report on Friday, July 31st. Zacks Research cut shares of Cimpress from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 13th. Finally, Barrington Research set a $121.00 price objective on shares of Cimpress in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $114.50.

Insider Transactions at Cimpress

In other Cimpress news, CEO Robert Keane sold 16,000 shares of Cimpress stock in a transaction on Friday, September 11th. The stock was sold at an average price of $84.88, for a total value of $1,358,080.00. Following the sale, the chief executive officer owned 764,000 shares in the company, valued at $64,848,320. The trade was a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 34,500 shares of company stock worth $3,001,585 over the last ninety days. 10.20% of the stock is owned by company insiders.

Cimpress Company Profile

Cimpress plc NASDAQ: CMPR is a global provider of mass-customization products and services. The company uses technology, manufacturing, and marketing platforms to help small businesses, consumers, and organizations create and order personalized physical and digital products.

Its portfolio includes custom marketing materials, signage, apparel, promotional products, packaging, gifts, invitations, photo products, websites, and design services. Cimpress operates through a collection of specialized businesses and brands, including VistaPrint, 99designs by Vista, VistaCreate, National Pen, and other regional and category-focused businesses serving customers in North America, Europe, Asia, and other international markets.

The company was founded in 1995 by Robert Keane as Vistaprint and changed its corporate name to Cimpress in 2014 as it expanded beyond its original online printing business.

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