Wall Street brokerages expect Shutterstock (NYSE:SSTK) to post $0.34 earnings per share for the current quarter, according to Zacks. Five analysts have issued estimates for Shutterstock’s earnings, with estimates ranging from $0.31 to $0.38. Shutterstock reported earnings per share of $0.24 in the same quarter last year, which suggests a positive year over year growth rate of 41.7%. The company is expected to announce its next earnings report on Wednesday, August 1st.

On average, analysts expect that Shutterstock will report full year earnings of $1.38 per share for the current financial year, with EPS estimates ranging from $1.28 to $1.45. For the next financial year, analysts expect that the company will post earnings of $1.77 per share, with EPS estimates ranging from $1.56 to $1.97. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Shutterstock.

Shutterstock (NYSE:SSTK) last posted its quarterly earnings results on Thursday, April 26th. The business services provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.04). Shutterstock had a net margin of 7.36% and a return on equity of 7.59%. The company had revenue of $153.00 million during the quarter, compared to analyst estimates of $150.14 million. During the same period in the prior year, the business posted $0.19 EPS. Shutterstock’s revenue for the quarter was up 17.5% compared to the same quarter last year.

Several research firms recently commented on SSTK. Zacks Investment Research cut Shutterstock from a “hold” rating to a “sell” rating in a report on Thursday, May 3rd. ValuEngine raised Shutterstock from a “sell” rating to a “hold” rating in a report on Tuesday, February 27th. Deutsche Bank increased their price target on Shutterstock from $36.00 to $43.00 and gave the company a “hold” rating in a report on Friday, February 23rd. Finally, SunTrust Banks increased their price target on Shutterstock to $47.00 and gave the company a “hold” rating in a report on Friday, February 23rd. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $41.20.

NYSE:SSTK opened at $45.86 on Thursday. Shutterstock has a one year low of $45.21 and a one year high of $45.84. The company has a market capitalization of $1.54 billion, a P/E ratio of 64.59 and a beta of 1.19.

Institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. grew its position in Shutterstock by 18.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 91,718 shares of the business services provider’s stock worth $3,947,000 after acquiring an additional 14,544 shares during the period. Landscape Capital Management L.L.C. grew its position in Shutterstock by 213.2% in the fourth quarter. Landscape Capital Management L.L.C. now owns 61,735 shares of the business services provider’s stock worth $2,656,000 after acquiring an additional 42,027 shares during the period. Kornitzer Capital Management Inc. KS purchased a new position in Shutterstock in the fourth quarter worth approximately $1,033,000. BlackRock Inc. grew its position in Shutterstock by 6.2% in the fourth quarter. BlackRock Inc. now owns 2,373,497 shares of the business services provider’s stock worth $102,131,000 after acquiring an additional 137,849 shares during the period. Finally, Schroder Investment Management Group grew its position 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 worth $23,956,000 after acquiring an additional 276,377 shares during the period. Institutional investors own 58.86% of the company’s stock.

Shutterstock Company Profile

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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