Cimpress plc CMPR recently completed its earlier announced private offering of senior notes worth $525 million in aggregate principal amount.

CMPR’s shares lost 0.4% on the last trading day to eventually close the trading session at $81.84.

Inside the Headlines

The senior notes carry an interest rate of 7.375% and are scheduled to mature in 2032. The notes are priced at 100% of the principal amount. Interest on the notes will be paid on a semi-annual basis.

Along with the senior notes offering, Cimpress revised its credit agreement to extend the maturity of its revolving credit facility and modify the interest rate on loans associated with the facility.

The net proceeds from the offering, along with available cash, were used by the company to redeem all 7.0% senior notes due 2026 and cover all fees and expenses related to the offering and the credit agreement amendment.

CMPR’s Zacks Rank & Price Performance

Cimpress is benefiting from strength across the Vista, National Pen and Upload & Print segments. The Vista segment is poised to gain from new product introductions while growth in the e-commerce channel is driving the National Pen segment. The strong order rate for products is driving the performance of the Upload & Print unit.

In the past year, this Zacks Rank #3 (Hold) company’s shares have risen 20% compared with the industry’s 16.5% growth.

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However, the escalating cost of revenues due to increasing production and shipping costs remains a concern. High debt levels are likely to weigh on Cimpress in the quarters ahead.

Stocks to Consider

Some better-ranked companies are discussed below.

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HRB delivered a trailing four-quarter average earnings surprise of 10.8%. In the past 60 days, the Zacks Consensus Estimate for H&R Block’s fiscal 2025 earnings has increased 9.7%.

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In the past 60 days, the Zacks Consensus Estimate for CR’s 2024 earnings has increased 2%.

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In the past 60 days, the consensus estimate for Parker-Hannifin’s fiscal 2025 earnings has increased 1.3%.

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