Stamps.com (NASDAQ:STMP) issued its earnings results on Wednesday. The software maker reported $2.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.38 by $0.38, Briefing.com reports. The company had revenue of $143.51 million for the quarter, compared to analysts’ expectations of $135.00 million. Stamps.com had a net margin of 34.37% and a return on equity of 39.85%. The firm’s revenue was up 24.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.68 earnings per share. Stamps.com updated its FY18 guidance to $10.60-11.60 EPS.
Stamps.com stock opened at $182.47 on Friday. The stock has a market cap of $3.65 billion, a PE ratio of 18.43, a PEG ratio of 1.48 and a beta of -0.03. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.38 and a quick ratio of 3.38. Stamps.com has a one year low of $160.00 and a one year high of $285.74.
In related news, CMO Sebastian Buerba sold 2,499 shares of the stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $249.71, for a total value of $624,025.29. Following the completion of the transaction, the chief marketing officer now owns 719 shares in the company, valued at approximately $179,541.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Amine Khechfe sold 1,200 shares of the stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $226.66, for a total transaction of $271,992.00. Following the completion of the transaction, the insider now owns 1,541 shares of the company’s stock, valued at approximately $349,283.06. The disclosure for this sale can be found here. Insiders have sold 7,400 shares of company stock valued at $1,750,245 in the last 90 days. Insiders own 6.17% of the company’s stock.
A number of analysts have weighed in on the stock. Craig Hallum reissued a “buy” rating and set a $265.00 target price (down from $300.00) on shares of Stamps.com in a report on Thursday. Maxim Group set a $320.00 target price on shares of Stamps.com and gave the stock a “buy” rating in a report on Friday, July 27th. ValuEngine lowered shares of Stamps.com from a “hold” rating to a “sell” rating in a research report on Thursday. BidaskClub lowered shares of Stamps.com from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. Finally, B. Riley set a $300.00 price target on shares of Stamps.com and gave the stock a “buy” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. Stamps.com has an average rating of “Hold” and an average price target of $252.63.
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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