Shutterfly, Inc. (SFLY) Expected to Announce Earnings of -$0.54 Per Share
Brokerages expect Shutterfly, Inc. (NASDAQ:SFLY) to announce earnings of ($0.54) per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Shutterfly’s earnings. The highest EPS estimate is ($0.53) and the lowest is ($0.55). Shutterfly reported earnings of ($0.48) per share in the same quarter last year, which would suggest a negative year over year growth rate of 12.5%. The firm is expected to announce its next quarterly earnings report on Wednesday, July 26th.
According to Zacks, analysts expect that Shutterfly will report full-year earnings of $0.58 per share for the current fiscal year, with EPS estimates ranging from $0.44 to $0.73. For the next fiscal year, analysts forecast that the company will report earnings of $1.47 per share, with EPS estimates ranging from $1.13 to $1.61. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Shutterfly.
Shutterfly (NASDAQ:SFLY) last announced its earnings results on Tuesday, April 25th. The technology company reported ($0.84) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.03) by $0.19. The firm had revenue of $191.97 million during the quarter, compared to analysts’ expectations of $187.34 million. Shutterfly had a return on equity of 3.29% and a net margin of 1.06%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.85) earnings per share.
A number of research analysts have weighed in on the company. ValuEngine upgraded Shutterfly from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th. Jefferies Group LLC reiterated a “hold” rating and set a $53.00 target price (up from $46.00) on shares of Shutterfly in a research note on Wednesday, April 26th. Cantor Fitzgerald reiterated a “buy” rating and set a $57.00 target price on shares of Shutterfly in a research note on Tuesday, May 16th. TheStreet downgraded Shutterfly from a “b” rating to a “c” rating in a research note on Monday, March 6th. Finally, Aegis reiterated a “buy” rating and set a $57.00 target price on shares of Shutterfly in a research note on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. Shutterfly presently has an average rating of “Hold” and an average price target of $53.50.
In other Shutterfly news, CEO Christopher North sold 27,606 shares of Shutterfly stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $49.66, for a total value of $1,370,913.96. Following the completion of the transaction, the chief executive officer now directly owns 40,000 shares of the company’s stock, valued at approximately $1,986,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann Mather sold 1,662 shares of Shutterfly stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $49.86, for a total value of $82,867.32. Following the completion of the transaction, the director now directly owns 6,799 shares of the company’s stock, valued at $338,998.14. The disclosure for this sale can be found here. Insiders sold a total of 30,704 shares of company stock valued at $1,522,953 over the last ninety days. Insiders own 5.70% of the company’s stock.
A number of institutional investors have recently made changes to their positions in SFLY. Russell Investments Group Ltd. bought a new position in shares of Shutterfly during the fourth quarter valued at $9,857,000. Cipher Capital LP boosted its position in Shutterfly by 120.6% in the fourth quarter. Cipher Capital LP now owns 47,913 shares of the technology company’s stock worth $2,404,000 after buying an additional 26,192 shares during the period. Norges Bank acquired a new position in Shutterfly during the fourth quarter worth approximately $37,582,000. Capstone Asset Management Co. acquired a new position in Shutterfly during the first quarter worth approximately $480,000. Finally, Martingale Asset Management L P boosted its position in Shutterfly by 1.3% in the fourth quarter. Martingale Asset Management L P now owns 76,212 shares of the technology company’s stock worth $3,825,000 after buying an additional 966 shares during the period. 98.67% of the stock is owned by hedge funds and other institutional investors.
Shares of Shutterfly (SFLY) traded down 0.12% during midday trading on Thursday, reaching $48.55. The company’s stock had a trading volume of 454,445 shares. The company has a 50-day moving average price of $50.50 and a 200-day moving average price of $49.32. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 139.11 and a beta of 0.90. Shutterfly has a 12 month low of $41.91 and a 12 month high of $54.60.
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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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