Stamps.com (STMP) Posts Quarterly Results
Stamps.com (NASDAQ:STMP) posted its quarterly earnings results on Wednesday. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.11, American Banking and Market News reports. The company had revenue of $31.20 million for the quarter, compared to the consensus estimate of $31.55 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. Stamps.com updated its FY13 guidance to $2.20-2.40 EPS.
STMP has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Stamps.com from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 1st. They now have a $47.60 price target on the stock. On a related note, analysts at Roth Capital raised their price target on shares of Stamps.com from $40.00 to $42.00 in a research note to investors on Thursday, August 1st. They now have a “neutral” rating on the stock. Finally, analysts at B. Riley raised their price target on shares of Stamps.com from $43.50 to $47.25 in a research note to investors on Thursday, August 1st. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $42.97.
Stamps.com (NASDAQ:STMP) traded down 6.18% during mid-day trading on Wednesday, hitting $42.34. 198,616 shares of the company’s stock traded hands. Stamps.com has a one year low of $20.50 and a one year high of $46.47. The stock has a 50-day moving average of $41.52 and a 200-day moving average of $34.98. The company has a market cap of $662.3 million and a P/E ratio of 22.32.
Stamps.com Inc is a provider of Internet-based postage solutions. The Company’s customers use its service to mail and ship a variety of mail pieces, including postcards, envelopes, flats and packages, using a range of United States Postal Service (NASDAQ:STMP) mail classes, including First Class Mail, Priority Mail, Express Mail, Media Mail, Parcel Post, and others.
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