FY2024 EPS Estimates for Cimpress plc Lowered by Analyst (NASDAQ:CMPR)

Cimpress plc (NASDAQ:CMPR) – Analysts at Zacks Research reduced their FY2024 EPS estimates for Cimpress in a research note issued to investors on Wednesday, May 22nd. Zacks Research analyst R. Department now anticipates that the business services provider will post earnings of $2.89 per share for the year, down from their prior forecast of $3.14. The consensus estimate for Cimpress’ current full-year earnings is $3.01 per share. Zacks Research also issued estimates for Cimpress’ Q4 2024 earnings at $0.73 EPS, Q4 2025 earnings at $1.29 EPS, FY2025 earnings at $3.95 EPS, Q2 2026 earnings at $1.98 EPS, Q3 2026 earnings at $1.04 EPS and FY2026 earnings at $5.26 EPS.

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

Other analysts have also recently issued research reports about the stock. Barrington Research reissued an “outperform” rating and set a $113.00 target price on shares of Cimpress in a research note on Tuesday, May 7th. Truist Financial boosted their price target on shares of Cimpress from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, StockNews.com lowered shares of Cimpress from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 6th.

Cimpress Stock Down 1.0 %

CMPR stock opened at $81.70 on Thursday. The stock has a market capitalization of $2.08 billion, a P/E ratio of 25.22, a P/E/G ratio of 1.02 and a beta of 1.94. The firm has a 50-day simple moving average of $88.91 and a 200-day simple moving average of $82.73. Cimpress has a 52 week low of $46.67 and a 52 week high of $100.01.

Hedge Funds Weigh In On Cimpress

Institutional investors and hedge funds have recently bought and sold shares of the company. Lazard Asset Management LLC lifted its holdings in shares of Cimpress by 9,821.4% in the 1st quarter. Lazard Asset Management LLC now owns 156,361 shares of the business services provider’s stock worth $13,838,000 after acquiring an additional 154,785 shares during the last quarter. Norges Bank acquired a new position in shares of Cimpress in the 4th quarter worth approximately $9,433,000. Vanguard Group Inc. lifted its holdings in shares of Cimpress by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 1,812,047 shares of the business services provider’s stock worth $160,384,000 after acquiring an additional 91,543 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Cimpress by 37.8% in the 3rd quarter. Acadian Asset Management LLC now owns 289,394 shares of the business services provider’s stock worth $20,247,000 after acquiring an additional 79,340 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Cimpress in the 3rd quarter worth approximately $3,620,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cimpress

In other Cimpress news, CEO Florian Baumgartner sold 4,433 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $97.88, for a total value of $433,902.04. Following the transaction, the chief executive officer now directly owns 29,360 shares in the company, valued at approximately $2,873,756.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 27,051 shares of company stock worth $2,461,183 in the last ninety days. 17.90% of the stock is owned by insiders.

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.