Equities analysts predict that Shutterfly, Inc. (NASDAQ:SFLY) will report $191.79 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Shutterfly’s earnings. The highest sales estimate is $193.47 million and the lowest is $190.80 million. Shutterfly reported sales of $191.97 million during the same quarter last year, which would suggest a negative year over year growth rate of 0.1%. The business is expected to announce its next quarterly earnings results on Tuesday, April 24th.
On average, analysts expect that Shutterfly will report full year sales of $1.24 billion for the current year, with estimates ranging from $1.23 billion to $1.25 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.34 billion per share. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Shutterfly.
Shutterfly (NASDAQ:SFLY) last released its earnings results on Tuesday, January 30th. The technology company reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.25. Shutterfly had a return on equity of 6.99% and a net margin of 2.53%. The firm had revenue of $593.80 million during the quarter, compared to analysts’ expectations of $556.40 million. During the same quarter last year, the business posted $2.63 earnings per share. The firm’s revenue was up 5.8% on a year-over-year basis.
SFLY has been the subject of several research analyst reports. Aegis reiterated a “buy” rating and set a $57.00 target price on shares of Shutterfly in a research report on Wednesday, December 27th. ValuEngine upgraded Shutterfly from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. BidaskClub upgraded Shutterfly from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. SunTrust Banks increased their target price on Shutterfly to $60.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. Finally, Goldman Sachs cut Shutterfly from a “neutral” rating to a “sell” rating and set a $46.00 target price for the company. in a research report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $61.25.
Shares of NASDAQ:SFLY traded up $0.09 during trading on Wednesday, hitting $82.06. 1,112,610 shares of the company’s stock were exchanged, compared to its average volume of 1,104,742. 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 52-week low of $39.76 and a 52-week high of $86.41. The stock has a market capitalization of $2,665.41, a P/E ratio of 78.15 and a beta of 0.87.
Shutterfly declared that its Board of Directors has approved a share repurchase plan on Tuesday, January 30th that permits the company to buyback shares. This buyback authorization permits the technology company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
In related news, SVP Dwayne A. Black sold 16,102 shares of the stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $85.29, for a total transaction of $1,373,339.58. Following the completion of the transaction, the senior vice president now directly owns 43,975 shares of the company’s stock, valued at $3,750,627.75. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Christopher North sold 170,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $67.76, for a total value of $11,519,200.00. Following the transaction, the chief executive officer now directly owns 97,394 shares of the company’s stock, valued at $6,599,417.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 301,082 shares of company stock valued at $21,549,580. 0.80% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in SFLY. SG Americas Securities LLC bought a new stake in shares of Shutterfly in the 3rd quarter valued at approximately $162,000. Buckhead Capital Management LLC bought a new stake in shares of Shutterfly in the 4th quarter valued at approximately $204,000. Xact Kapitalforvaltning AB bought a new stake in shares of Shutterfly in the 4th quarter valued at approximately $216,000. Meadow Creek Investment Management LLC lifted its stake in shares of Shutterfly by 13.4% in the 4th quarter. Meadow Creek Investment Management LLC now owns 6,052 shares of the technology company’s stock valued at $301,000 after purchasing an additional 714 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its stake in shares of Shutterfly by 24.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 6,937 shares of the technology company’s stock valued at $345,000 after purchasing an additional 1,377 shares during the last quarter.
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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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