Stamps.com Inc. (NASDAQ:STMP) Expected to Post Earnings of $1.28 Per Share
Wall Street analysts expect Stamps.com Inc. (NASDAQ:STMP) to announce earnings per share (EPS) of $1.28 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Stamps.com’s earnings. Stamps.com reported earnings per share of $1.84 during the same quarter last year, which indicates a negative year-over-year growth rate of 30.4%. The business is scheduled to issue its next quarterly earnings results on Thursday, November 2nd.
On average, analysts expect that Stamps.com will report full-year earnings of $5.52 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the company will post earnings of $5.58 per share. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Stamps.com.
Stamps.com (NASDAQ:STMP) last released its quarterly earnings data on Wednesday, August 2nd. The software maker reported $1.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.36. Stamps.com had a return on equity of 34.46% and a net margin of 26.66%. The company had revenue of $116.14 million during the quarter, compared to the consensus estimate of $99.29 million. During the same quarter in the prior year, the firm posted $1.94 earnings per share. The firm’s revenue was up 38.2% compared to the same quarter last year.
STMP has been the topic of several recent research reports. Roth Capital reaffirmed a “buy” rating and set a $166.00 target price on shares of Stamps.com in a research report on Wednesday, May 31st. ValuEngine raised Stamps.com from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research raised Stamps.com from a “hold” rating to a “buy” rating and set a $166.00 target price on the stock in a research report on Friday, June 23rd. Craig Hallum reaffirmed a “buy” rating and set a $210.00 target price (up previously from $170.00) on shares of Stamps.com in a research report on Thursday. Finally, Sidoti reaffirmed a “buy” rating and set a $182.00 target price on shares of Stamps.com in a research report on Thursday, July 6th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $192.67.
In other news, Director Mohan P. Ananda sold 40,000 shares of the firm’s stock in a transaction on Friday, June 16th. The stock was sold at an average price of $144.41, for a total value of $5,776,400.00. Following the completion of the sale, the director now owns 726,524 shares of the company’s stock, valued at approximately $104,917,330.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Seth Weisberg sold 25,000 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $197.45, for a total value of $4,936,250.00. Following the completion of the sale, the insider now directly owns 32,572 shares of the company’s stock, valued at approximately $6,431,341.40. The disclosure for this sale can be found here. Insiders sold a total of 90,600 shares of company stock valued at $14,429,460 in the last three months. Insiders own 11.08% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Stamps.com by 143,777.2% in the first quarter. BlackRock Inc. now owns 1,880,475 shares of the software maker’s stock worth $222,554,000 after buying an additional 1,879,168 shares during the last quarter. P2 Capital Partners LLC boosted its stake in Stamps.com by 21.1% in the first quarter. P2 Capital Partners LLC now owns 716,175 shares of the software maker’s stock worth $84,759,000 after buying an additional 125,000 shares during the last quarter. Garelick Capital Partners LP boosted its stake in Stamps.com by 111.0% in the first quarter. Garelick Capital Partners LP now owns 195,153 shares of the software maker’s stock worth $23,096,000 after buying an additional 102,674 shares during the last quarter. Strs Ohio acquired a new stake in Stamps.com during the first quarter worth $12,130,000. Finally, Pioneer Investment Management Inc. acquired a new stake in Stamps.com during the first quarter worth $10,256,000.
Stamps.com (STMP) traded up 1.04% on Monday, hitting $213.45. The stock had a trading volume of 1,393,934 shares. Stamps.com has a 1-year low of $78.01 and a 1-year high of $220.25. The company has a 50-day moving average price of $148.13 and a 200-day moving average price of $128.82. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 34.52 and a beta of 0.01.
Stamps.com announced that its board has authorized a share buyback program on Wednesday, May 3rd that allows the company to repurchase $90.00 million in shares. This repurchase authorization allows the software maker to buy up to 4.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
Stamps.com Inc is a provider of Internet-based mailing and shipping solutions in the United States. The Company offers mailing and shipping products and services to its customers under the Stamps.com, Endicia, ShipStation, ShipWorks and ShippingEasy brands. It operates through the Internet Mailing and Shipping Services segment.
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