Wall Street brokerages expect Shutterfly, Inc. (NASDAQ:SFLY) to post earnings of ($2.30) per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Shutterfly’s earnings, with the highest EPS estimate coming in at ($2.25) and the lowest estimate coming in at ($2.37). Shutterfly posted earnings per share of ($2.12) in the same quarter last year, which would suggest a negative year-over-year growth rate of 8.5%. The company is expected to report its next earnings results on Tuesday, October 29th.
On average, analysts expect that Shutterfly will report full-year earnings of $0.77 per share for the current fiscal year, with EPS estimates ranging from $0.63 to $1.01. For the next year, analysts forecast that the business will post earnings of $1.57 per share, with EPS estimates ranging from $1.17 to $1.92. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Shutterfly.
Shutterfly (NASDAQ:SFLY) last released its earnings results on Wednesday, August 7th. The technology company reported ($0.23) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.23). Shutterfly had a net margin of 0.36% and a return on equity of 4.37%. The business had revenue of $473.42 million for the quarter, compared to analyst estimates of $475.09 million.
SFLY has been the topic of several research reports. BidaskClub lowered shares of Shutterfly from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Goldman Sachs Group upgraded shares of Shutterfly from a “sell” rating to a “neutral” rating and set a $45.00 price objective on the stock in a report on Tuesday, June 11th. Raymond James lowered shares of Shutterfly from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 11th. ValuEngine upgraded shares of Shutterfly from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. Finally, Zacks Investment Research upgraded shares of Shutterfly from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Wednesday, July 17th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $53.83.
In related news, SVP Dennis Gregory Hintz sold 1,047 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $50.54, for a total value of $52,915.38. Following the sale, the senior vice president now owns 4,451 shares in the company, valued at approximately $224,953.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher North sold 26,753 shares of the company’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $48.03, for a total transaction of $1,284,946.59. Following the completion of the sale, the chief executive officer now owns 87,327 shares in the company, valued at approximately $4,194,315.81. The disclosure for this sale can be found here. Insiders have sold 77,160 shares of company stock worth $3,862,303 in the last quarter. Company insiders own 2.40% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Cerebellum GP LLC acquired a new stake in shares of Shutterfly in the 1st quarter worth about $320,000. Bank of America Corp DE raised its holdings in shares of Shutterfly by 325.7% in the 4th quarter. Bank of America Corp DE now owns 67,433 shares of the technology company’s stock worth $2,715,000 after acquiring an additional 51,594 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Shutterfly by 53.9% in the 1st quarter. California Public Employees Retirement System now owns 117,522 shares of the technology company’s stock worth $4,776,000 after acquiring an additional 41,152 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Shutterfly by 83.0% in the 1st quarter. SG Americas Securities LLC now owns 100,811 shares of the technology company’s stock worth $4,097,000 after acquiring an additional 45,724 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Shutterfly in the 4th quarter worth about $26,138,000.
Shares of NASDAQ SFLY traded up $0.05 during trading on Friday, hitting $50.81. 404,400 shares of the company traded hands, compared to its average volume of 726,587. The business’s fifty day moving average is $50.63 and its 200 day moving average is $46.24. Shutterfly has a fifty-two week low of $35.08 and a fifty-two week high of $77.88. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 16.66 and a beta of 1.25. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.22 and a current ratio of 1.30.
Shutterfly Company Profile
Shutterfly, Inc manufactures and retails personalized products primarily in the United States, Canada, and the European Community. The company operates through three reportable segments: Shutterfly Consumer, Lifetouch, and Shutterfly Business Solutions. The Shutterfly Consumer segment provides products, such as portraits, cards and stationery items, professionally-bound photo books and year books, personalized gifts and home décor products, and calendars and prints; and mugs, ornaments, candles, pillows, and blankets through the Shutterfly, Tiny Prints, and Groovebook domains, as well as rents photographic and video equipment under BorrowLenses brand.
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