Cimpress (NASDAQ:CMPR) Issues Earnings Results

Cimpress (NASDAQ:CMPR) released its quarterly earnings data on Wednesday. The business services provider reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.29), Zacks reports. Cimpress had a net margin of 1.31% and a negative return on equity of 10.76%. The firm had revenue of $780.59 million for the quarter, compared to the consensus estimate of $782.65 million. During the same quarter in the prior year, the firm earned ($0.97) EPS. Cimpress updated its FY 2024 guidance to EPS.

Cimpress Trading Down 6.1 %

Cimpress stock traded down $5.18 during trading on Thursday, hitting $79.12. 173,085 shares of the company were exchanged, compared to its average volume of 155,947. The company has a market capitalization of $2.11 billion, a P/E ratio of 51.71, a PEG ratio of 1.12 and a beta of 1.94. The business’s 50 day moving average is $91.28 and its 200 day moving average is $80.24. Cimpress has a 52 week low of $42.84 and a 52 week high of $100.01.

Wall Street Analyst Weigh In

CMPR has been the subject of a number of recent research reports. Truist Financial boosted their price target on shares of Cimpress from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Barrington Research boosted their target price on shares of Cimpress from $100.00 to $113.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th.

Insider Buying and Selling at Cimpress

In other news, CEO Florian Baumgartner sold 5,683 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $92.81, for a total value of $527,439.23. Following the completion of the sale, the chief executive officer now owns 33,793 shares in the company, valued at approximately $3,136,328.33. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Florian Baumgartner sold 5,683 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $92.81, for a total transaction of $527,439.23. Following the transaction, the chief executive officer now directly owns 33,793 shares of the company’s stock, valued at $3,136,328.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maarten Wensveen sold 1,651 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $90.00, for a total transaction of $148,590.00. Following the completion of the sale, the executive vice president now directly owns 10,779 shares of the company’s stock, valued at $970,110. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,292 shares of company stock worth $2,319,309. Corporate insiders own 17.90% of the company’s stock.

Cimpress Company Profile

Cimpress plc provides various mass customization of printing and related products in North America, Europe, and internationally. The company operates through five segments: Vista, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall décor, business signage, and other printed products; business cards; and marketing materials, such as flyers and postcards, digital and marketing services, writing instruments, decorated apparel, promotional products and gifts, packaging, design services, textiles, and magazines and catalogs.