Wall Street brokerages forecast that Shutterfly, Inc. (NASDAQ:SFLY) will report earnings of $5.42 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Shutterfly’s earnings. The lowest EPS estimate is $5.40 and the highest is $5.45. Shutterfly posted earnings per share of $3.11 in the same quarter last year, which suggests a positive year-over-year growth rate of 74.3%. The company is expected to report its next quarterly earnings report on Tuesday, January 29th.

On average, analysts expect that Shutterfly will report full-year earnings of $3.12 per share for the current year, with EPS estimates ranging from $3.08 to $3.15. For the next year, analysts anticipate that the business will post earnings of $2.62 per share, with EPS estimates ranging from $2.16 to $3.29. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Shutterfly.

Shutterfly (NASDAQ:SFLY) last released its earnings results on Tuesday, October 30th. The technology company reported ($2.20) EPS for the quarter, beating the Zacks’ consensus estimate of ($2.42) by $0.22. The company had revenue of $368.76 million during the quarter, compared to analysts’ expectations of $377.54 million. Shutterfly had a positive return on equity of 4.09% and a negative net margin of 0.97%. The firm’s revenue for the quarter was up 88.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.78) EPS.

SFLY has been the subject of a number of recent research reports. Zacks Investment Research cut Shutterfly from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. SunTrust Banks reiterated a “buy” rating and set a $90.00 price objective on shares of Shutterfly in a research note on Wednesday, November 14th. KeyCorp initiated coverage on Shutterfly in a research note on Friday, November 9th. They set a “sector weight” rating for the company. BidaskClub upgraded Shutterfly from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 6th. Finally, Aegis reiterated a “buy” rating and set a $78.00 price objective (down previously from $100.00) on shares of Shutterfly in a research note on Friday, November 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $91.80.

In related news, SVP Ishantha Lokuge sold 1,240 shares of Shutterfly stock in a transaction on Thursday, October 18th. The stock was sold at an average price of $61.64, for a total value of $76,433.60. Following the completion of the sale, the senior vice president now owns 6,260 shares of the company’s stock, valued at $385,866.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Satish Menon sold 25,000 shares of Shutterfly stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $48.09, for a total value of $1,202,250.00. Following the completion of the sale, the senior vice president now directly owns 12,448 shares of the company’s stock, valued at approximately $598,624.32. The disclosure for this sale can be found here. Insiders sold 63,175 shares of company stock valued at $3,586,398 in the last 90 days. Company insiders own 0.80% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of SFLY. Scge Management L.P. bought a new stake in shares of Shutterfly in the third quarter worth $31,298,000. Alliancebernstein L.P. grew its holdings in shares of Shutterfly by 40.5% in the third quarter. Alliancebernstein L.P. now owns 1,595,742 shares of the technology company’s stock worth $105,143,000 after acquiring an additional 459,760 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Shutterfly by 32.9% in the second quarter. Renaissance Technologies LLC now owns 948,068 shares of the technology company’s stock worth $85,355,000 after acquiring an additional 234,568 shares during the period. SQN Investors LP grew its holdings in shares of Shutterfly by 17.3% in the third quarter. SQN Investors LP now owns 1,581,003 shares of the technology company’s stock worth $104,172,000 after acquiring an additional 233,321 shares during the period. Finally, BlackRock Inc. grew its holdings in shares of Shutterfly by 4.9% in the third quarter. BlackRock Inc. now owns 4,777,666 shares of the technology company’s stock worth $314,799,000 after acquiring an additional 221,406 shares during the period.

NASDAQ:SFLY traded down $1.55 during trading hours on Friday, reaching $46.24. 19,228 shares of the company traded hands, compared to its average volume of 726,044. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 44.32, a PEG ratio of 0.69 and a beta of 1.37. Shutterfly has a 1 year low of $44.00 and a 1 year high of $100.34. The company has a current ratio of 1.39, a quick ratio of 1.34 and a debt-to-equity ratio of 2.24.

Shutterfly Company Profile

Shutterfly, Inc manufactures and retails personalized products and services primarily in the United States, Canada, and the European Community. The company operates through Consumer and Shutterfly Business Solutions segments. It offers a range of personalized photo-based products and services that enable consumers to upload, edit, enhance, organize, find, share, create, print, and preserve their memories.

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Earnings History and Estimates for Shutterfly (NASDAQ:SFLY)

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