Shutterfly Inc. (SFLY) Releases Q4 Earnings Guidance
Shutterfly Inc. (NASDAQ:SFLY) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.92-1.08 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.74, Analyst RN reports. The company issued revenue guidance of $392.1-405.1 million, compared to the consensus revenue estimate of $414.72 million.
Shares of Shutterfly Inc. (NASDAQ:SFLY) traded down 3.31% on Tuesday, hitting $52.26. The stock had a trading volume of 1,740,022 shares. Shutterfly Inc. has a 52-week low of $25.18 and a 52-week high of $59.93. The stock has a 50-day moving average of $54.7 and a 200-day moving average of $49.78. The company has a market cap of $1.972 billion and a P/E ratio of 114.27. Shutterfly also was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 13,960 put options on the company. This represents an increase of approximately 829% compared to the average volume of 1,502 put options.
Shutterfly (NASDAQ:SFLY) last announced its earnings results on Tuesday, October 29th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.61) by $0.34. The company had revenue of $122.70 million for the quarter, compared to the consensus estimate of $117.95 million. During the same quarter in the previous year, the company posted ($0.29) earnings per share. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. Analysts expect that Shutterfly Inc. will post $0.28 EPS for the current fiscal year.
A number of analysts have recently weighed in on SFLY shares. Analysts at TheStreet upgraded shares of Shutterfly to a buy rating in a research note to investors on Wednesday, September 18th. They now have a $37.00 price target on the stock. On a related note, analysts at Zacks reiterated a neutral rating on shares of Shutterfly in a research note to investors on Wednesday, September 11th. They now have a $61.00 price target on the stock. Finally, analysts at Barclays initiated coverage on shares of Shutterfly in a research note to investors on Friday, September 6th. They set an overweight rating on the stock. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $54.20.
Shutterfly, Inc is an Internet-based social expression and personal publishing service that enables consumers to share, print and preserve their memories its technology, manufacturing, Web-design and merchandising capabilities.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.