Cimpress (NASDAQ:CMPR – Get Rating) released its earnings results on Wednesday. The business services provider reported ($2.75) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.83) by ($1.92), MarketWatch Earnings reports. Cimpress had a negative net margin of 1.54% and a negative return on equity of 1.47%.
Cimpress stock opened at $53.44 on Friday. Cimpress has a 12 month low of $51.56 and a 12 month high of $122.30. The stock’s 50 day moving average is $62.55 and its 200-day moving average is $71.73. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of -32.59, a PEG ratio of 2.53 and a beta of 1.49.
Several institutional investors have recently bought and sold shares of CMPR. Morgan Stanley grew its position in shares of Cimpress by 34.5% in the second quarter. Morgan Stanley now owns 89,520 shares of the business services provider’s stock valued at $9,704,000 after purchasing an additional 22,952 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Cimpress by 14.4% in the third quarter. Royal Bank of Canada now owns 1,720 shares of the business services provider’s stock valued at $149,000 after buying an additional 217 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Cimpress by 3.6% in the third quarter. Bank of New York Mellon Corp now owns 63,938 shares of the business services provider’s stock valued at $5,551,000 after buying an additional 2,199 shares during the period. Citigroup Inc. boosted its stake in shares of Cimpress by 65.6% in the fourth quarter. Citigroup Inc. Now owns 6,785 shares of the business services provider’s stock shares valued at $486,000 after buying an additional 2,687 during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Cimpress by 44.9% in the fourth quarter. JPMorgan Chase & Co. Now owns 40,246 shares of the business services provider’s stock valued at $2,882,000 after buying an additional 12,472 shares during the period. 80.88% of the stock is currently owned by institutional investors.
A number of equities analysts have weighed in on the company. Trust Financial lowered their price target on Cimpress from $138.00 to $130.00 in a research report on Friday, January 28th. Zacks Investment Research raised Cimpress from a “sell” rating to a “hold” rating and set a $70.00 price target on the stock in a research report on Tuesday, April 5th. Finally, StockNews.com assumed coverage on Cimpress in a research report on Thursday, March 31st. They set a “buy” rating on the stock.
Simpress Company Profile (Get Rating)
Cimpress plc provides various mass customization services in North America, Europe, and internationally. The company operates through five segments: Vistaprint, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall dÃ©cor, business signage, and other printed products; web-to print products, including multi-page brochures, folders, flyers, business cards, signs, leaflets, booklets, posters, letterheads, and banners, as well as customized beverage cans; and printed materials, such as signage, print, advertising materials, corporate-wear, and promotional gifts.
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