Zacks: Brokerages Expect Stamps.com Inc. (STMP) to Announce $2.97 EPS

Wall Street analysts forecast that Stamps.com Inc. (NASDAQ:STMP) will announce earnings per share of $2.97 for the current quarter, according to Zacks. Three analysts have provided estimates for Stamps.com’s earnings. The highest EPS estimate is $3.04 and the lowest is $2.89. Stamps.com posted earnings per share of $4.68 in the same quarter last year, which would suggest a negative year-over-year growth rate of 36.5%. The firm is expected to announce its next earnings results on Wednesday, February 20th.

On average, analysts expect that Stamps.com will report full-year earnings of $11.03 per share for the current financial year, with EPS estimates ranging from $10.95 to $11.10. For the next year, analysts anticipate that the business will report earnings of $10.82 per share, with EPS estimates ranging from $10.61 to $11.02. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Stamps.com.

Stamps.com (NASDAQ:STMP) last announced its earnings results on Wednesday, October 31st. The software maker reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.38. Stamps.com had a net margin of 30.26% and a return on equity of 35.93%. The business had revenue of $143.51 million during the quarter, compared to analyst estimates of $135.00 million. During the same period in the previous year, the business posted $2.68 earnings per share. Stamps.com’s revenue for the quarter was up 24.7% on a year-over-year basis.

Several equities research analysts have issued reports on STMP shares. Craig Hallum dropped their target price on shares of Stamps.com from $300.00 to $265.00 and set a “buy” rating for the company in a research report on Thursday, November 1st. Maxim Group set a $320.00 target price on shares of Stamps.com and gave the company a “buy” rating in a research report on Wednesday, October 31st. B. Riley set a $300.00 target price on shares of Stamps.com and gave the company a “buy” rating in a research report on Tuesday, October 30th. ValuEngine upgraded shares of Stamps.com from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Finally, Zacks Investment Research lowered shares of Stamps.com from a “strong-buy” rating to a “hold” rating and set a $180.00 target price for the company. in a research report on Friday, November 16th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $246.86.

Stamps.com stock traded down $6.47 during mid-day trading on Friday, hitting $170.09. 24,160 shares of the company traded hands, compared to its average volume of 375,875. Stamps.com has a one year low of $145.78 and a one year high of $285.74. The firm has a market cap of $2.96 billion, a PE ratio of 17.18, a PEG ratio of 1.11 and a beta of 0.20. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.79 and a quick ratio of 1.79.

In other news, CMO Sebastian Buerba sold 2,501 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $222.49, for a total value of $556,447.49. Following the completion of the sale, the chief marketing officer now directly owns 720 shares in the company, valued at approximately $160,192.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Amine Khechfe sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $226.66, for a total transaction of $271,992.00. Following the completion of the sale, the insider now owns 1,541 shares of the company’s stock, valued at $349,283.06. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,901 shares of company stock valued at $1,051,927. Company insiders own 6.17% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Stamps.com by 4.8% in the 3rd quarter. BlackRock Inc. now owns 2,638,614 shares of the software maker’s stock worth $596,854,000 after acquiring an additional 119,818 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Stamps.com by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,728,469 shares of the software maker’s stock worth $390,979,000 after acquiring an additional 15,545 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Stamps.com by 49.5% in the 3rd quarter. Morgan Stanley now owns 740,945 shares of the software maker’s stock worth $167,602,000 after acquiring an additional 245,300 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Stamps.com by 7.6% in the 3rd quarter. Renaissance Technologies LLC now owns 384,700 shares of the software maker’s stock worth $87,019,000 after acquiring an additional 27,100 shares during the last quarter. Finally, Conestoga Capital Advisors LLC lifted its holdings in shares of Stamps.com by 16.1% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 383,078 shares of the software maker’s stock worth $86,652,000 after acquiring an additional 53,051 shares during the last quarter. Hedge funds and other institutional investors own 93.73% of the company’s stock.

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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