Cimpress plc to Post FY2024 Earnings of $2.84 Per Share, Barrington Research Forecasts (NASDAQ:CMPR)

Cimpress plc (NASDAQ:CMPR) – Research analysts at Barrington Research dropped their FY2024 EPS estimates for shares of Cimpress in a research report issued on Tuesday, May 7th. Barrington Research analyst K. Steinke now expects that the business services provider will earn $2.84 per share for the year, down from their previous forecast of $3.03. Barrington Research has a “Outperform” rating and a $113.00 price objective on the stock. The consensus estimate for Cimpress’ current full-year earnings is $3.07 per share.

Several other equities analysts have also issued reports on CMPR. StockNews.com lowered shares of Cimpress from a “strong-buy” rating to a “buy” rating in a report on Monday. Truist Financial lifted their price objective on shares of Cimpress from $90.00 to $110.00 and gave the company a “buy” rating in a report on Friday, February 2nd.

Cimpress Stock Up 2.9 %

Shares of CMPR stock opened at $87.28 on Friday. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 1.13 and a beta of 1.94. The company’s 50 day moving average is $90.16 and its 200 day moving average is $80.98. Cimpress has a 52-week low of $42.84 and a 52-week high of $100.01.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings data on Wednesday, May 1st. The business services provider reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.29). The business had revenue of $780.59 million for the quarter, compared to analysts’ expectations of $782.65 million. Cimpress had a net margin of 2.69% and a negative return on equity of 14.44%. During the same period in the previous year, the business earned ($0.97) earnings per share.

Institutional Investors Weigh In On Cimpress

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Cimpress in the 4th quarter valued at about $9,433,000. Vanguard Group Inc. lifted its stake in Cimpress by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 1,720,504 shares of the business services provider’s stock worth $137,726,000 after purchasing an additional 89,931 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Cimpress by 37.8% in the third quarter. Acadian Asset Management LLC now owns 289,394 shares of the business services provider’s stock valued at $20,247,000 after buying an additional 79,340 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Cimpress by 2,607.2% during the 3rd quarter. Lazard Asset Management LLC now owns 59,991 shares of the business services provider’s stock worth $4,199,000 after acquiring an additional 57,775 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Cimpress during the 3rd quarter valued at about $3,620,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Cimpress news, CEO Florian Baumgartner sold 3,410 shares of Cimpress stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $84.83, for a total value of $289,270.30. Following the transaction, the chief executive officer now directly owns 29,804 shares of the company’s stock, valued at $2,528,273.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Florian Baumgartner sold 3,410 shares of Cimpress stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $84.83, for a total transaction of $289,270.30. Following the completion of the sale, the chief executive officer now directly owns 29,804 shares in the company, valued at $2,528,273.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Maarten Wensveen sold 1,651 shares of Cimpress stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $90.00, for a total transaction of $148,590.00. Following the sale, the executive vice president now owns 10,779 shares of the company’s stock, valued at $970,110. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,292 shares of company stock valued at $2,319,309. 17.90% of the stock is currently owned by insiders.

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.