Equities research analysts expect that Shutterstock (NYSE:SSTK) will announce earnings per share of $0.35 for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Shutterstock’s earnings, with the highest EPS estimate coming in at $0.40 and the lowest estimate coming in at $0.32. Shutterstock reported earnings per share of $0.31 during the same quarter last year, which indicates a positive year-over-year growth rate of 12.9%. The firm is expected to report its next earnings report before the market opens on Thursday, April 26th.

On average, analysts expect that Shutterstock will report full year earnings of $1.35 per share for the current fiscal year, with EPS estimates ranging from $1.24 to $1.45. For the next financial year, analysts forecast that the firm will post earnings of $1.72 per share, with EPS estimates ranging from $1.64 to $1.87. Zacks’ EPS averages are an average based on a survey of analysts that cover Shutterstock.

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Shutterstock (NYSE:SSTK) last announced its quarterly earnings results on Thursday, February 22nd. The business services provider reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). Shutterstock had a return on equity of 8.43% and a net margin of 3.00%. The firm had revenue of $151.80 million for the quarter, compared to analyst estimates of $143.66 million. During the same quarter in the prior year, the company earned $0.42 earnings per share. The business’s revenue was up 16.6% compared to the same quarter last year.

SSTK has been the subject of several analyst reports. Zacks Investment Research raised Shutterstock from a “sell” rating to a “hold” rating in a research report on Saturday, March 24th. ValuEngine downgraded Shutterstock from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Deutsche Bank upped their target price on Shutterstock from $36.00 to $43.00 and gave the stock a “hold” rating in a research report on Friday, February 23rd. Finally, SunTrust Banks upped their target price on Shutterstock to $47.00 and gave the stock a “hold” rating in a research report on Friday, February 23rd. Two analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $42.67.

Shares of NYSE SSTK traded up $0.51 on Thursday, hitting $51.17. The company had a trading volume of 40,559 shares, compared to its average volume of 284,337. Shutterstock has a 12-month low of $29.85 and a 12-month high of $52.78. The company has a market capitalization of $1,753.28, a price-to-earnings ratio of 70.08 and a beta of 1.15.

A number of institutional investors and hedge funds have recently modified their holdings of SSTK. Schroder Investment Management Group boosted its holdings in Shutterstock by 98.6% in the fourth quarter. Schroder Investment Management Group now owns 556,747 shares of the business services provider’s stock valued at $23,956,000 after purchasing an additional 276,377 shares during the last quarter. ArrowMark Colorado Holdings LLC boosted its holdings in Shutterstock by 8.0% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 2,939,453 shares of the business services provider’s stock valued at $126,485,000 after purchasing an additional 217,476 shares during the last quarter. BlackRock Inc. boosted its holdings in Shutterstock by 6.2% in the fourth quarter. BlackRock Inc. now owns 2,373,497 shares of the business services provider’s stock valued at $102,131,000 after purchasing an additional 137,849 shares during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new position in Shutterstock in the fourth quarter valued at about $2,951,000. Finally, Renaissance Technologies LLC purchased a new position in Shutterstock in the fourth quarter valued at about $2,440,000. 58.91% of the stock is owned by hedge funds and other institutional investors.

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About Shutterstock

Shutterstock, Inc provides content products and services in North America, Europe, and internationally. It offers digital imagery services, which include licensed photographs, vectors, illustrations, and video clips that customers use in their visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications, and video content; and commercial music services comprising music tracks and sound effects that are used to complement digital imagery.

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