Shutterfly, Inc. (NASDAQ:SFLY) – Equities research analysts at SunTrust Banks decreased their FY2019 EPS estimates for Shutterfly in a research note issued on Tuesday, October 30th. SunTrust Banks analyst Y. Squali now anticipates that the technology company will earn $2.76 per share for the year, down from their prior forecast of $2.93. SunTrust Banks has a “Buy” rating and a $90.00 price objective on the stock. SunTrust Banks also issued estimates for Shutterfly’s FY2020 earnings at $3.85 EPS, FY2021 earnings at $4.31 EPS and FY2022 earnings at $4.74 EPS.
Shutterfly (NASDAQ:SFLY) last announced its quarterly earnings results on Tuesday, October 30th. The technology company reported ($2.20) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($2.42) by $0.22. Shutterfly had a positive return on equity of 4.09% and a negative net margin of 0.97%. The company had revenue of $368.76 million during the quarter, compared to analyst estimates of $377.54 million. During the same quarter in the previous year, the firm posted ($0.78) EPS. The firm’s quarterly revenue was up 88.7% on a year-over-year basis.
Other research analysts have also issued research reports about the company. TheStreet lowered Shutterfly from a “b-” rating to a “c+” rating in a research report on Tuesday, September 4th. Zacks Investment Research upgraded Shutterfly from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. ValuEngine lowered Shutterfly from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Robert W. Baird boosted their price target on Shutterfly from $85.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, July 6th. Finally, BidaskClub lowered Shutterfly from a “hold” rating to a “sell” rating in a research report on Saturday, July 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $90.80.
Shares of SFLY stock opened at $54.09 on Thursday. The company has a quick ratio of 1.66, a current ratio of 1.39 and a debt-to-equity ratio of 2.24. Shutterfly has a 1 year low of $39.76 and a 1 year high of $100.34. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 78.13, a price-to-earnings-growth ratio of 0.79 and a beta of 1.34.
Several institutional investors have recently made changes to their positions in the company. UBS Group AG lifted its position in Shutterfly by 220.7% during the first quarter. UBS Group AG now owns 17,294 shares of the technology company’s stock valued at $1,405,000 after purchasing an additional 11,902 shares during the period. Principal Financial Group Inc. increased its holdings in Shutterfly by 1.8% during the first quarter. Principal Financial Group Inc. now owns 254,305 shares of the technology company’s stock valued at $20,662,000 after buying an additional 4,596 shares during the last quarter. Denali Advisors LLC purchased a new stake in Shutterfly during the second quarter valued at approximately $189,000. Campbell & CO Investment Adviser LLC purchased a new stake in Shutterfly during the second quarter valued at approximately $405,000. Finally, Bank of Montreal Can purchased a new stake in Shutterfly during the second quarter valued at approximately $253,000.
In other news, CFO Michael W. Pope sold 17,458 shares of the company’s stock in a transaction on Monday, October 29th. The stock was sold at an average price of $58.60, for a total value of $1,023,038.80. Following the completion of the sale, the chief financial officer now owns 17,500 shares in the company, valued at $1,025,500. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Dwayne A. Black sold 3,352 shares of the company’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $73.37, for a total value of $245,936.24. The disclosure for this sale can be found here. Insiders have sold a total of 56,222 shares of company stock valued at $3,731,954 in the last quarter. 0.80% of the stock is currently owned by insiders.
Shutterfly, Inc manufactures and retails personalized products and services primarily in the United States, Canada, and the European Community. The company operates through Consumer and Shutterfly Business Solutions segments. It offers a range of personalized photo-based products and services that enable consumers to upload, edit, enhance, organize, find, share, create, print, and preserve their memories.
See Also: How to Invest in a Bull Market
Receive News & Ratings for Shutterfly Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shutterfly and related companies with MarketBeat.com's FREE daily email newsletter.