Shutterfly, Inc. (SFLY) Expected to Post Quarterly Sales of $210.30 Million
Wall Street analysts expect Shutterfly, Inc. (NASDAQ:SFLY) to post $210.30 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Shutterfly’s earnings. The lowest sales estimate is $209.60 million and the highest is $211.14 million. Shutterfly reported sales of $203.96 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.1%. The company is expected to issue its next quarterly earnings report after the market closes on Tuesday, July 25th.
According to Zacks, analysts expect that Shutterfly will report full-year sales of $210.30 million for the current financial year, with estimates ranging from $1.16 billion to $1.17 billion. For the next financial year, analysts anticipate that the business will report sales of $1.23 billion per share, with estimates ranging from $1.23 billion to $1.24 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Shutterfly.
Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings data on Tuesday, April 25th. The technology company reported ($0.84) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.03) by $0.19. Shutterfly had a net margin of 1.06% and a return on equity of 3.29%. The company had revenue of $191.97 million for the quarter, compared to analyst estimates of $187.34 million. During the same period in the prior year, the firm posted ($0.85) EPS. The company’s quarterly revenue was up 5.7% on a year-over-year basis.
Several research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Shutterfly from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub downgraded shares of Shutterfly from a “sell” rating to a “strong sell” rating in a research note on Thursday. Aegis reaffirmed a “buy” rating and issued a $57.00 target price on shares of Shutterfly in a research note on Wednesday, April 26th. TheStreet downgraded shares of Shutterfly from a “b-” rating to a “c+” rating in a research report on Tuesday, June 13th. Finally, Cantor Fitzgerald boosted their price objective on shares of Shutterfly from $50.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $53.20.
Shutterfly (NASDAQ SFLY) traded up 0.56% during midday trading on Thursday, hitting $46.98. 608,684 shares of the stock were exchanged. The stock has a market cap of $1.59 billion, a PE ratio of 138.18 and a beta of 0.85. The company’s 50 day moving average is $49.30 and its 200-day moving average is $49.08. Shutterfly has a 1-year low of $41.91 and a 1-year high of $54.60.
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In other news, Director Ann Mather sold 4,295 shares of the business’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $48.30, for a total transaction of $207,448.50. Following the sale, the director now owns 9,658 shares in the company, valued at approximately $466,481.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William J. Lansing bought 20,000 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The shares were acquired at an average price of $52.02 per share, for a total transaction of $1,040,400.00. Following the acquisition, the director now owns 20,000 shares in the company, valued at approximately $1,040,400. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 60,290 shares of company stock worth $2,958,580. Company insiders own 5.70% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp boosted its stake in shares of Shutterfly by 3.6% in the first quarter. Stifel Financial Corp now owns 9,462 shares of the technology company’s stock worth $457,000 after buying an additional 328 shares during the period. Arcus Capital Partners LLC boosted its stake in shares of Shutterfly by 1.5% in the first quarter. Arcus Capital Partners LLC now owns 23,185 shares of the technology company’s stock worth $1,120,000 after buying an additional 333 shares during the period. Amalgamated Bank boosted its stake in shares of Shutterfly by 8.2% in the first quarter. Amalgamated Bank now owns 4,591 shares of the technology company’s stock worth $222,000 after buying an additional 346 shares during the period. California Public Employees Retirement System boosted its stake in shares of Shutterfly by 0.9% in the first quarter. California Public Employees Retirement System now owns 58,500 shares of the technology company’s stock worth $2,825,000 after buying an additional 500 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Shutterfly by 14.9% in the first quarter. Public Employees Retirement System of Ohio now owns 10,704 shares of the technology company’s stock worth $517,000 after buying an additional 1,388 shares during the period.
Shutterfly Company Profile
Shutterfly, Inc is an online manufacturer and retailer of personalized products and services. The Company focuses on helping consumers manage their memories through the medium of photography. The Company’s segments are Consumer and Shutterfly Business Solutions (SBS). The Consumer segment offers photo-based products, such as photo books, stationery and greeting cards, other photo-based merchandise, photo prints and statement gifts.
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