Zacks: Brokerages Anticipate Coupa Software Inc (NASDAQ:COUP) to Post -$0.10 EPS

Brokerages forecast that Coupa Software Inc (NASDAQ:COUP) will announce ($0.10) earnings per share for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Coupa Software’s earnings. The highest EPS estimate is ($0.01) and the lowest is ($0.12). Coupa Software reported earnings per share of $0.05 in the same quarter last year, which would suggest a negative year over year growth rate of 300%. The company is scheduled to announce its next earnings results on Tuesday, September 3rd.

According to Zacks, analysts expect that Coupa Software will report full year earnings of $0.09 per share for the current year, with EPS estimates ranging from $0.08 to $0.10. For the next year, analysts forecast that the company will report earnings of $0.35 per share, with EPS estimates ranging from $0.27 to $0.45. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Coupa Software.

Coupa Software (NASDAQ:COUP) last posted its quarterly earnings data on Monday, June 3rd. The technology company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.29. The company had revenue of $81.30 million for the quarter, compared to analysts’ expectations of $73.85 million. Coupa Software had a negative net margin of 21.22% and a negative return on equity of 14.29%. Coupa Software’s revenue for the quarter was up 44.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.01) earnings per share.

Several research analysts recently weighed in on COUP shares. Raymond James upped their price objective on shares of Coupa Software from $86.00 to $107.00 in a research report on Tuesday, March 12th. Oppenheimer upped their price objective on shares of Coupa Software from $111.00 to $130.00 in a research report on Tuesday, June 18th. Loop Capital upped their price objective on shares of Coupa Software to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Needham & Company LLC restated a “buy” rating and issued a $108.00 price objective (up from $83.00) on shares of Coupa Software in a research report on Tuesday, March 12th. They noted that the move was a valuation call. Finally, SunTrust Banks upped their target price on Coupa Software to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, March 12th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Coupa Software currently has an average rating of “Buy” and an average target price of $107.81.

Shares of COUP stock traded down $1.02 during trading on Wednesday, hitting $119.37. The company had a trading volume of 69,049 shares, compared to its average volume of 1,906,270. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.07. The business’s 50-day simple moving average is $114.01. The firm has a market cap of $7.73 billion, a PE ratio of -177.92 and a beta of 1.60. Coupa Software has a 52 week low of $52.01 and a 52 week high of $129.40.

In other news, CRO Steven M. Winter sold 11,336 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $96.55, for a total transaction of $1,094,490.80. Following the completion of the sale, the executive now owns 14,040 shares of the company’s stock, valued at $1,355,562. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Henry Tayloe Stansbury sold 5,000 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $90.10, for a total value of $450,500.00. Following the sale, the director now directly owns 10,288 shares of the company’s stock, valued at approximately $926,948.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 409,119 shares of company stock valued at $45,141,688. 5.30% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Coupa Software by 4.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,814 shares of the technology company’s stock valued at $256,000 after purchasing an additional 121 shares during the period. Captrust Financial Advisors boosted its stake in shares of Coupa Software by 58.1% during the fourth quarter. Captrust Financial Advisors now owns 438 shares of the technology company’s stock valued at $28,000 after purchasing an additional 161 shares during the period. Caxton Associates LP boosted its stake in shares of Coupa Software by 8.3% during the fourth quarter. Caxton Associates LP now owns 3,988 shares of the technology company’s stock valued at $251,000 after purchasing an additional 307 shares during the period. Karp Capital Management Corp purchased a new stake in shares of Coupa Software during the fourth quarter valued at approximately $31,000. Finally, PRW Wealth Management LLC purchased a new stake in shares of Coupa Software during the fourth quarter valued at approximately $34,000. 99.14% of the stock is owned by hedge funds and other institutional investors.

Coupa Software Company Profile

Coupa Software, Inc engages in providing business spend management (BSM) solutions. It offers cloud-based BSM platform that delivers a broad range of capabilities that would typically require the purchase and use of multiple disparate point applications. Its platform consists of procurement, invoicing, expense management and payments modules that form the transactional engine for managing a company’s business spend.

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