$192.59 Million in Sales Expected for Shutterfly, Inc. (SFLY) This Quarter
Equities analysts forecast that Shutterfly, Inc. (NASDAQ:SFLY) will report $192.59 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Shutterfly’s earnings, with the highest sales estimate coming in at $194.35 million and the lowest estimate coming in at $191.61 million. Shutterfly posted sales of $187.33 million during the same quarter last year, which suggests a positive year-over-year growth rate of 2.8%. The company is scheduled to issue its next earnings results on Wednesday, October 25th.
According to Zacks, analysts expect that Shutterfly will report full-year sales of $192.59 million for the current year, with estimates ranging from $1.15 billion to $1.17 billion. For the next fiscal year, analysts anticipate that the company will report sales of $1.23 billion per share, with estimates ranging from $1.22 billion to $1.23 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Shutterfly.
Shutterfly (NASDAQ:SFLY) last issued its quarterly earnings results on Tuesday, July 25th. The technology company reported ($0.68) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.55) by ($0.13). Shutterfly had a return on equity of 3.61% and a net margin of 0.50%. The business had revenue of $209.03 million for the quarter, compared to analysts’ expectations of $209.46 million. During the same quarter in the previous year, the firm posted ($0.48) EPS. Shutterfly’s revenue was up 2.5% on a year-over-year basis.
Several equities analysts recently commented on the company. ValuEngine raised Shutterfly from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $53.00 price target on shares of Shutterfly in a report on Friday, August 4th. TheStreet cut Shutterfly from a “b-” rating to a “c+” rating in a research report on Tuesday, June 13th. BidaskClub cut Shutterfly from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Finally, Zacks Investment Research raised Shutterfly from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $54.10.
Shutterfly (SFLY) traded up 1.38% during trading on Friday, hitting $49.15. 307,347 shares of the stock traded hands. The company’s 50 day moving average price is $46.72 and its 200 day moving average price is $48.32. The company has a market cap of $1.64 billion, a P/E ratio of 351.07 and a beta of 0.90. Shutterfly has a 12 month low of $41.91 and a 12 month high of $53.99.
In other Shutterfly news, insider Lisa Blackwood-Kapral sold 1,250 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $46.56, for a total value of $58,200.00. Following the completion of the sale, the insider now owns 1,250 shares in the company, valued at $58,200. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Jason Sebring sold 644 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $48.30, for a total value of $31,105.20. The disclosure for this sale can be found here. 5.70% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of Shutterfly during the second quarter worth approximately $915,000. Public Employees Retirement System of Ohio raised its position in Shutterfly by 2.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 10,941 shares of the technology company’s stock valued at $520,000 after purchasing an additional 237 shares during the last quarter. EastBay Asset Management LLC raised its position in Shutterfly by 0.6% in the 2nd quarter. EastBay Asset Management LLC now owns 2,130,159 shares of the technology company’s stock valued at $101,182,000 after purchasing an additional 12,470 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in Shutterfly in the 2nd quarter valued at $347,000. Finally, Bank of Nova Scotia purchased a new stake in Shutterfly in the 2nd quarter valued at $1,188,000.
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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