Wall Street brokerages expect Stamps.com (NASDAQ:STMP) to announce $123.85 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Stamps.com’s earnings, with the lowest sales estimate coming in at $122.96 million and the highest estimate coming in at $124.80 million. Stamps.com reported sales of $105.04 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 17.9%. The business is expected to report its next earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that Stamps.com will report full-year sales of $543.58 million for the current fiscal year, with estimates ranging from $539.94 million to $547.52 million. For the next fiscal year, analysts forecast that the company will post sales of $633.74 million per share, with estimates ranging from $629.49 million to $636.19 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Stamps.com.
Stamps.com (NASDAQ:STMP) last announced its quarterly earnings results on Wednesday, February 21st. The software maker reported $4.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.72 by $1.96. The firm had revenue of $132.50 million during the quarter, compared to the consensus estimate of $120.26 million. Stamps.com had a return on equity of 41.00% and a net margin of 32.13%. The firm’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.73 earnings per share.
STMP has been the subject of several research analyst reports. BidaskClub downgraded Stamps.com from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 13th. B. Riley increased their price objective on Stamps.com from $250.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Craig Hallum reissued a “buy” rating and issued a $215.00 price objective (down from $230.00) on shares of Stamps.com in a report on Thursday, February 22nd. Roth Capital decreased their price objective on Stamps.com from $235.00 to $230.00 and set a “buy” rating for the company in a report on Thursday, February 22nd. Finally, Sidoti increased their price objective on Stamps.com from $254.00 to $265.00 in a report on Thursday, February 22nd. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Stamps.com presently has a consensus rating of “Buy” and an average target price of $247.17.
In other news, insider Sebastian Buerba sold 44,455 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $193.45, for a total value of $8,599,819.75. Following the completion of the sale, the insider now directly owns 20,483 shares of the company’s stock, valued at $3,962,436.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mohan P. Ananda sold 1,000 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $203.18, for a total value of $203,180.00. The disclosure for this sale can be found here. Insiders sold 241,937 shares of company stock valued at $47,567,177 over the last three months. Corporate insiders own 11.08% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Stamps.com by 47.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 793 shares of the software maker’s stock worth $149,000 after purchasing an additional 255 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new stake in shares of Stamps.com during the fourth quarter worth approximately $217,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Stamps.com during the fourth quarter worth approximately $252,000. Suntrust Banks Inc. purchased a new stake in shares of Stamps.com during the fourth quarter worth approximately $277,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in shares of Stamps.com during the fourth quarter worth approximately $277,000.
STMP traded up $2.45 on Monday, reaching $219.20. The company’s stock had a trading volume of 237,278 shares, compared to its average volume of 367,826. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $3,806.68, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 1.78 and a beta of 0.07. Stamps.com has a fifty-two week low of $100.55 and a fifty-two week high of $233.13.
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Stamps.com Inc provides Internet-based mailing and shipping solutions in the United States. The company offers mailing and shipping solutions to mail and ship various mail pieces and packages through the United States Postal Service (USPS) under the Stamps.com and Endicia brands. Its solutions support various USPS mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, Parcel Select, and others.
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