Cimpress NV (CMPR) Announces Earnings Results
Cimpress NV (NASDAQ:CMPR) issued its earnings results on Wednesday. The company reported ($0.92) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by $0.73. The firm had revenue of $443.70 million for the quarter, compared to the consensus estimate of $457.32 million. Cimpress NV had a net margin of 2.91% and a return on equity of 99.28%. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period last year, the firm earned $0.30 earnings per share.
Cimpress NV (NASDAQ:CMPR) traded down 14.37% during mid-day trading on Thursday, reaching $83.24. The company’s stock had a trading volume of 1,066,931 shares. The stock’s 50 day moving average is $98.79 and its 200 day moving average is $96.14. The firm has a market cap of $2.63 billion, a PE ratio of 50.76 and a beta of 0.74. Cimpress NV has a one year low of $67.89 and a one year high of $104.18.
Several research analysts have recently commented on the company. Zacks Investment Research lowered Cimpress NV from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Cantor Fitzgerald reissued a “hold” rating on shares of Cimpress NV in a research report on Saturday, July 9th. Jefferies Group reissued a “hold” rating on shares of Cimpress NV in a research report on Monday, July 11th. Finally, Axiom Securities reduced their price target on Cimpress NV from $84.00 to $80.00 and set a “sell” rating for the company in a research report on Friday, July 29th. Four investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Cimpress NV currently has an average rating of “Hold” and a consensus target price of $85.00.
In related news, insider Katryn Blake sold 1,027 shares of the company’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $94.48, for a total transaction of $97,030.96. Following the completion of the sale, the insider now directly owns 12,483 shares of the company’s stock, valued at approximately $1,179,393.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 12.10% of the company’s stock.
A number of hedge funds have recently made changes to their positions in CMPR. Tower Research Capital LLC TRC boosted its position in Cimpress NV by 1,048.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,321 shares of the company’s stock worth $122,000 after buying an additional 1,206 shares during the last quarter. BlackRock Inc. boosted its position in Cimpress NV by 74.6% in the first quarter. BlackRock Inc. now owns 2,188 shares of the company’s stock worth $198,000 after buying an additional 935 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Cimpress NV by 108.7% in the third quarter. BNP Paribas Arbitrage SA now owns 2,070 shares of the company’s stock worth $209,000 after buying an additional 1,078 shares during the last quarter. Cantab Capital Partners LLP purchased a new position in Cimpress NV during the second quarter worth $256,000. Finally, Creative Planning boosted its position in Cimpress NV by 0.4% in the second quarter. Creative Planning now owns 2,989 shares of the company’s stock worth $276,000 after buying an additional 11 shares during the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.
Cimpress NV Company Profile
Cimpress N.V., formerly Vistaprint N.V., is a technology driven company, which aggregates through the Internet, large volumes of small, individually customized orders for a spectrum of print, signage, apparel and similar products. The Company operates through segments, which include Vistaprint business unit, Upload and Print business units and All Other business units.
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