Shutterfly, Inc. (SFLY) to Release Earnings on Tuesday
Shutterfly, Inc. (NASDAQ:SFLY) will announce its earnings results after the market closes on Tuesday, July 25th. Analysts expect the company to announce earnings of ($0.55) per share for the quarter. Shutterfly has set its Q2 guidance at ($0.50-0.55) EPS and its FY17 guidance at $0.45-0.80 EPS.
Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings data on Tuesday, April 25th. The technology company reported ($0.84) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.03) by $0.19. Shutterfly had a return on equity of 3.29% and a net margin of 1.06%. The company had revenue of $191.97 million for the quarter, compared to the consensus estimate of $187.34 million. During the same quarter in the previous year, the business earned ($0.85) EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, analysts expect Shutterfly to post $0.58 EPS for the current fiscal year and $1.47 EPS for the next fiscal year.
Shares of Shutterfly, Inc. (NASDAQ:SFLY) opened at 48.31 on Tuesday. The company has a market cap of $1.63 billion, a P/E ratio of 138.42 and a beta of 0.85. The stock has a 50 day moving average price of $49.30 and a 200-day moving average price of $49.08. Shutterfly, Inc. has a 1-year low of $41.91 and a 1-year high of $54.60.
Shutterfly declared that its Board of Directors has approved a share buyback plan on Tuesday, April 18th that permits the company to repurchase $140.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase up to 8.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
In other news, CEO Christopher North sold 27,606 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $49.66, for a total value of $1,370,913.96. Following the transaction, the chief executive officer now owns 40,000 shares of the company’s stock, valued at approximately $1,986,400. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Betsy Rafael sold 1,060 shares of the stock in a transaction 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 transaction, the director now directly owns 5,046 shares in the company, valued at approximately $240,996.96. The disclosure for this sale can be found here. In the last three months, insiders sold 60,290 shares of company stock worth $2,958,580. 5.70% of the stock is currently owned by company insiders.
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A number of research analysts have commented on the company. Zacks Investment Research upgraded Shutterfly from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Monday. BidaskClub lowered Shutterfly from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 13th. TheStreet lowered Shutterfly from a “b-” rating to a “c+” rating in a research report on Tuesday, June 13th. ValuEngine upgraded Shutterfly from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $57.00 price objective on shares of Shutterfly in a research report on Tuesday, May 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $53.10.
Shutterfly Company Profile
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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