Shutterstock (SSTK) Projected to Post Quarterly Earnings on Tuesday

Shutterstock (NYSE:SSTK) will likely be releasing its earnings data before the market opens on Tuesday, February 25th. Analysts expect Shutterstock to post earnings of $0.92 per share and revenue of $254.16 million for the quarter.

Shutterstock Trading Down 3.7 %

Shares of SSTK stock opened at $25.33 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.42 and a quick ratio of 0.42. The business has a 50-day moving average of $29.96 and a 200 day moving average of $31.93. The stock has a market capitalization of $883.13 million, a PE ratio of 24.84 and a beta of 1.08. Shutterstock has a 1-year low of $25.13 and a 1-year high of $54.40.

Shutterstock Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a dividend of $0.33 per share. This is a positive change from Shutterstock’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date of this dividend is Thursday, March 6th. Shutterstock’s dividend payout ratio is currently 129.41%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SSTK shares. JMP Securities reaffirmed a “market perform” rating on shares of Shutterstock in a research note on Monday, January 6th. Truist Financial dropped their price objective on Shutterstock from $65.00 to $56.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Needham & Company LLC dropped their price target on Shutterstock from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, StockNews.com started coverage on shares of Shutterstock in a report on Wednesday, February 19th. They issued a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $50.33.

Shutterstock Company Profile

Shutterstock, Inc provides platform to connect brands and businesses to high quality content in North America, Europe, and internationally. The company offers image services consisting of photographs, vectors, and illustrations, which is used in visual communications, such as websites, digital and print marketing materials, corporate communications, books, publications, and others; footage services, including video clips, filmed by industry experts and cinema grade video effects in HD and 4K formats that are integrated into websites, social media, marketing campaigns, and cinematic productions; and music services comprising music tracks and sound effects, which are used to complement images and footage.