Cimpress (NASDAQ:CMPR) Issues Earnings Results

Cimpress (NASDAQ:CMPR) posted its quarterly earnings results 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 negative return on equity of 14.67% and a net margin of 2.69%. The company had revenue of $780.59 million for the quarter, compared to analysts’ expectations 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 Up 0.6 %

Shares of CMPR opened at $83.09 on Friday. The firm has a market cap of $2.21 billion, a P/E ratio of 25.65, a price-to-earnings-growth ratio of 1.09 and a beta of 1.94. Cimpress has a 12-month low of $42.84 and a 12-month high of $100.01. The company’s 50-day moving average price is $90.96 and its 200 day moving average price is $80.38.

Insider Activity at Cimpress

In other Cimpress news, EVP Maarten Wensveen sold 1,651 shares of Cimpress stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $90.00, for a total value of $148,590.00. Following the completion of the transaction, the executive vice president now directly owns 10,779 shares of the company’s stock, valued at approximately $970,110. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Cimpress news, EVP Maarten Wensveen sold 1,651 shares of Cimpress stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $90.00, for a total value of $148,590.00. Following the completion of the transaction, the executive vice president now directly owns 10,779 shares of the company’s stock, valued at approximately $970,110. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Florian Baumgartner sold 5,683 shares of Cimpress stock in a transaction dated 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 transaction, the chief executive officer now directly owns 33,793 shares of the company’s stock, valued at $3,136,328.33. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,292 shares of company stock worth $2,319,309. Company insiders own 17.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on CMPR. Truist Financial lifted their price target on Cimpress from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Barrington Research lifted their price target on Cimpress from $100.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, February 5th.

About Cimpress

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.