Shutterfly (SFLY) Issues Q1 Earnings Guidance

Shutterfly (NASDAQ:SFLY) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of ($0.96-0.92) for the period, compared to the Thomson Reuters consensus estimate of ($0.84). The company issued revenue guidance of $190-194 million, compared to the consensus revenue estimate of $200.32 million.Shutterfly also updated its FY18 guidance to $1.94-2.38 EPS.

A number of analysts have recently weighed in on the company. Aegis reiterated a buy rating and set a $73.00 target price on shares of Shutterfly in a research report on Sunday, February 4th. ValuEngine upgraded Shutterfly from a sell rating to a hold rating in a research report on Friday, December 29th. BidaskClub upgraded Shutterfly from a hold rating to a buy rating in a research report on Saturday, February 3rd. Zacks Investment Research upgraded Shutterfly from a sell rating to a hold rating in a research report on Thursday, October 26th. Finally, SunTrust Banks upped their price objective on Shutterfly to $60.00 and gave the stock a buy rating in a research report on Friday, January 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $56.88.

Shares of Shutterfly (SFLY) traded up $0.17 during mid-day trading on Wednesday, hitting $71.16. The stock had a trading volume of 409,300 shares, compared to its average volume of 1,436,422. The firm has a market capitalization of $2,292.76, a PE ratio of 76.52 and a beta of 1.11. The company has a current ratio of 1.40, a quick ratio of 1.38 and a debt-to-equity ratio of 0.53. Shutterfly has a 12 month low of $39.76 and a 12 month high of $74.92.

Shutterfly (NASDAQ:SFLY) last issued its quarterly earnings results on Tuesday, January 30th. The technology company reported $3.11 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.25. The company had revenue of $593.80 million during the quarter, compared to analysts’ expectations of $556.40 million. Shutterfly had a return on equity of 6.99% and a net margin of 2.53%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.63 earnings per share. equities analysts forecast that Shutterfly will post 2.09 earnings per share for the current year.

Shutterfly announced that its board has approved a stock repurchase program on Tuesday, January 30th that allows the company to buyback shares. This buyback authorization allows the technology company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

In related news, CEO Christopher North sold 170,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $67.76, for a total transaction of $11,519,200.00. Following the completion of the sale, the chief executive officer now owns 97,394 shares of the company’s stock, valued at $6,599,417.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Lisa Blackwood-Kapral sold 719 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $40.78, for a total value of $29,320.82. Following the completion of the transaction, the chief accounting officer now owns 1,900 shares in the company, valued at approximately $77,482. The disclosure for this sale can be found here. Insiders have sold 196,003 shares of company stock valued at $12,620,221 in the last ninety days. 0.80% of the stock is currently owned by insiders.

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About Shutterfly

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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