Equities analysts expect Shutterstock Inc (NYSE:SSTK) to post earnings of $0.48 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Shutterstock’s earnings, with estimates ranging from $0.40 to $0.65. Shutterstock posted earnings of $0.30 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 60%. The firm is scheduled to announce its next earnings report on Thursday, February 28th.

According to Zacks, analysts expect that Shutterstock will report full-year earnings of $1.47 per share for the current fiscal year, with EPS estimates ranging from $1.38 to $1.64. For the next year, analysts anticipate that the business will report earnings of $1.69 per share, with EPS estimates ranging from $1.52 to $1.94. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Shutterstock.

Shutterstock (NYSE:SSTK) last issued its earnings results on Tuesday, October 30th. The business services provider reported $0.38 EPS for the quarter, topping the consensus estimate of $0.37 by $0.01. The firm had revenue of $151.60 million during the quarter, compared to analysts’ expectations of $157.88 million. Shutterstock had a return on equity of 8.76% and a net margin of 6.82%. Shutterstock’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business earned $0.31 earnings per share.

A number of research analysts have issued reports on SSTK shares. SunTrust Banks reissued a “hold” rating and set a $48.00 price objective on shares of Shutterstock in a report on Monday, October 29th. ValuEngine raised Shutterstock from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Finally, Deutsche Bank cut their price objective on Shutterstock from $50.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $42.33.

Hedge funds and other institutional investors have recently modified their holdings of the business. Cutler Group LP lifted its holdings in shares of Shutterstock by 357.1% during the second quarter. Cutler Group LP now owns 2,571 shares of the business services provider’s stock valued at $122,000 after acquiring an additional 3,571 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Shutterstock during the third quarter valued at $170,000. Stone Ridge Asset Management LLC acquired a new stake in shares of Shutterstock in the third quarter valued at $223,000. SG Americas Securities LLC acquired a new stake in shares of Shutterstock in the second quarter valued at $204,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Shutterstock in the second quarter valued at $205,000. 55.73% of the stock is owned by institutional investors.

Shares of NYSE SSTK traded down $1.36 during midday trading on Wednesday, reaching $38.07. 257,544 shares of the company traded hands, compared to its average volume of 241,015. The stock has a market cap of $1.34 billion, a PE ratio of 53.62, a PEG ratio of 2.07 and a beta of 1.52. Shutterstock has a 12 month low of $36.20 and a 12 month high of $55.76.

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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