Brokerages expect Shutterfly, Inc. (NASDAQ:SFLY) to announce earnings of ($0.56) per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Shutterfly’s earnings. The lowest EPS estimate is ($0.59) and the highest is ($0.53). Shutterfly posted earnings per share of ($0.48) in the same quarter last year, which would indicate a negative year over year growth rate of 16.7%. The company is scheduled to issue its next quarterly earnings results on Wednesday, July 26th.

According to Zacks, analysts expect that Shutterfly will report full-year earnings of $0.58 per share for the current year, with EPS estimates ranging from $0.44 to $0.73. For the next fiscal year, analysts anticipate that the business will post earnings of $1.47 per share, with EPS estimates ranging from $1.13 to $1.61. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Shutterfly.

Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings data on Tuesday, April 25th. The technology company reported ($0.84) EPS for the quarter, beating analysts’ consensus estimates of ($1.03) by $0.19. Shutterfly had a net margin of 1.06% and a return on equity of 3.29%. The company had revenue of $191.97 million during the quarter, compared to analyst estimates of $187.34 million. During the same period in the prior year, the firm earned ($0.85) earnings per share. The business’s quarterly revenue was up 5.7% on a year-over-year basis.

Several equities analysts have recently issued reports on SFLY shares. Cantor Fitzgerald restated an “overweight” rating and set a $50.00 target price on shares of Shutterfly in a research report on Monday, March 13th. TheStreet upgraded Shutterfly from a “c” rating to a “b” rating in a research report on Monday, April 17th. Robert W. Baird restated a “neutral” rating and set a $50.00 target price (up from $47.00) on shares of Shutterfly in a research report on Saturday, April 29th. Royal Bank Of Canada boosted their target price on Shutterfly from $54.00 to $59.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Finally, ValuEngine upgraded Shutterfly from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $53.20.

Shutterfly (SFLY) traded down 1.95% during mid-day trading on Tuesday, reaching $45.76. 645,283 shares of the company’s stock were exchanged. Shutterfly has a 52 week low of $41.91 and a 52 week high of $54.60. The stock has a 50-day moving average price of $49.30 and a 200-day moving average price of $49.08. The stock has a market cap of $1.55 billion, a P/E ratio of 131.12 and a beta of 0.85.

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In other Shutterfly news, Director Ann Mather sold 4,295 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $48.30, for a total value of $207,448.50. Following the sale, the director now owns 9,658 shares in the company, valued at approximately $466,481.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Betsy Rafael sold 1,060 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $47.76, for a total value of $50,625.60. Following the completion of the sale, the director now owns 5,046 shares in the company, valued at approximately $240,996.96. The disclosure for this sale can be found here. Insiders sold a total of 60,290 shares of company stock worth $2,958,580 in the last 90 days. Company insiders own 5.70% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in SFLY. State Street Corp boosted its stake in Shutterfly by 0.3% in the fourth quarter. State Street Corp now owns 752,502 shares of the technology company’s stock valued at $37,755,000 after buying an additional 2,280 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of Shutterfly during the fourth quarter worth about $209,000. Norges Bank bought a new stake in shares of Shutterfly during the fourth quarter worth about $37,582,000. Quadrature Capital Ltd bought a new stake in shares of Shutterfly during the fourth quarter worth about $660,000. Finally, Teachers Advisors LLC boosted its stake in shares of Shutterfly by 7.7% in the fourth quarter. Teachers Advisors LLC now owns 317,237 shares of the technology company’s stock worth $15,919,000 after buying an additional 22,761 shares in the last quarter.

About Shutterfly

Shutterfly, Inc is an online manufacturer and retailer of personalized products and services. The Company focuses on helping consumers manage their memories through the medium of photography. The Company’s segments are Consumer and Shutterfly Business Solutions (SBS). The Consumer segment offers photo-based products, such as photo books, stationery and greeting cards, other photo-based merchandise, photo prints and statement gifts.

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