Analysts expect Stamps.com Inc. (NASDAQ:STMP) to post $132.52 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Stamps.com’s earnings. The highest sales estimate is $137.44 million and the lowest is $127.55 million. Stamps.com reported sales of $115.06 million in the same quarter last year, which would suggest a positive year over year growth rate of 15.2%. The company is expected to announce its next quarterly earnings results on Thursday, November 1st.
According to Zacks, analysts expect that Stamps.com will report full-year sales of $569.60 million for the current year, with estimates ranging from $555.59 million to $577.70 million. For the next financial year, analysts anticipate that the business will post sales of $679.88 million per share, with estimates ranging from $647.04 million to $708.26 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Stamps.com.
Stamps.com (NASDAQ:STMP) last issued its quarterly earnings results on Wednesday, August 1st. The software maker reported $2.75 EPS for the quarter, topping the consensus estimate of $2.17 by $0.58. Stamps.com had a net margin of 34.37% and a return on equity of 39.85%. The company had revenue of $139.63 million during the quarter, compared to analysts’ expectations of $133.49 million. During the same quarter in the previous year, the company earned $2.08 EPS. Stamps.com’s revenue was up 20.2% on a year-over-year basis.
Several equities research analysts have recently commented on the stock. Maxim Group assumed coverage on shares of Stamps.com in a research report on Thursday, May 31st. They set a “buy” rating and a $320.00 price target for the company. Roth Capital lifted their price target on shares of Stamps.com from $255.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, July 26th. BidaskClub cut shares of Stamps.com from a “buy” rating to a “hold” rating in a research report on Thursday, August 16th. Singular Research reiterated a “buy” rating and set a $93.00 price target on shares of Stamps.com in a research report on Tuesday, June 19th. Finally, ValuEngine cut shares of Stamps.com from a “buy” rating to a “hold” rating in a research report on Thursday, September 13th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $252.00.
In other Stamps.com news, insider Amine Khechfe sold 1,200 shares of Stamps.com stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $248.15, for a total value of $297,780.00. Following the transaction, the insider now owns 1,541 shares of the company’s stock, valued at $382,399.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sebastian Buerba sold 2,501 shares of Stamps.com stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $259.75, for a total transaction of $649,634.75. Following the completion of the transaction, the insider now directly owns 720 shares in the company, valued at approximately $187,020. The disclosure for this sale can be found here. Insiders have sold a total of 8,699 shares of company stock worth $2,203,187 in the last three months. 6.17% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Signaturefd LLC bought a new position in Stamps.com in the first quarter valued at approximately $105,000. Sei Investments Co. lifted its stake in Stamps.com by 196.5% in the first quarter. Sei Investments Co. now owns 590 shares of the software maker’s stock valued at $119,000 after buying an additional 391 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Stamps.com in the first quarter valued at approximately $123,000. NewSquare Capital LLC bought a new position in Stamps.com in the second quarter valued at approximately $185,000. Finally, BRYN MAWR TRUST Co bought a new position in Stamps.com in the second quarter valued at approximately $202,000. 92.09% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:STMP opened at $225.20 on Tuesday. Stamps.com has a one year low of $160.00 and a one year high of $285.74. The company has a quick ratio of 3.38, a current ratio of 3.38 and a debt-to-equity ratio of 0.09. The company has a market cap of $4.37 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 1.77 and a beta of -0.02.
Stamps.com Company Profile
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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