Wall Street analysts expect that Shutterfly, Inc. (NASDAQ:SFLY) will report sales of $192.59 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Shutterfly’s earnings. The highest sales estimate is $194.35 million and the lowest is $191.61 million. Shutterfly posted sales of $187.33 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.8%. The firm is expected to issue its next earnings results on Wednesday, October 25th.

On average, analysts expect that Shutterfly will report full year sales of $192.59 million for the current fiscal year, with estimates ranging from $1.15 billion to $1.17 billion. For the next fiscal year, analysts expect that the business will report sales of $1.23 billion per share, with estimates ranging from $1.22 billion to $1.23 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Shutterfly.

Shutterfly (NASDAQ:SFLY) last released its quarterly earnings data on Tuesday, July 25th. The technology company reported ($0.68) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.55) by $0.13. The company had revenue of $209.03 million for the quarter, compared to analysts’ expectations of $209.46 million. Shutterfly had a net margin of 0.50% and a return on equity of 3.61%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the company posted ($0.48) EPS.

Several equities research analysts have issued reports on the company. ValuEngine raised Shutterfly from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th. Zacks Investment Research raised Shutterfly from a “hold” rating to a “strong-buy” rating and set a $54.00 target price for the company in a research note on Wednesday, June 28th. Jefferies Group LLC reissued a “hold” rating and set a $53.00 target price (up previously from $46.00) on shares of Shutterfly in a research note on Wednesday, April 26th. BidaskClub cut Shutterfly from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $57.00 target price on shares of Shutterfly in a research note on Tuesday, May 16th. One investment 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. Shutterfly currently has an average rating of “Hold” and a consensus target price of $54.10.

Shutterfly (SFLY) traded down 0.71% during mid-day trading on Wednesday, hitting $44.48. The stock had a trading volume of 71,130 shares. The stock’s 50-day moving average price is $47.26 and its 200-day moving average price is $48.08. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 271.22 and a beta of 0.85. Shutterfly has a 12 month low of $41.91 and a 12 month high of $53.99.

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In other news, Director Betsy Rafael sold 1,060 shares of Shutterfly stock in a transaction on Friday, June 23rd. The stock was 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 directly owns 5,046 shares of the company’s stock, valued at $240,996.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher North sold 27,606 shares of Shutterfly stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $49.66, for a total value of $1,370,913.96. Following the completion of the sale, the chief executive officer now directly owns 40,000 shares of the company’s stock, valued at $1,986,400. The disclosure for this sale can be found here. Insiders sold 59,878 shares of company stock valued at $2,933,912 over the last ninety days. Insiders own 5.70% of the company’s stock.

Several large investors have recently modified their holdings of SFLY. Elkfork Partners LLC purchased a new stake in shares of Shutterfly during the first quarter worth $116,000. Riverhead Capital Management LLC boosted its position in Shutterfly by 62.1% in the second quarter. Riverhead Capital Management LLC now owns 2,431 shares of the technology company’s stock valued at $116,000 after buying an additional 931 shares during the last quarter. Quantbot Technologies LP bought a new position in Shutterfly during the second quarter valued at approximately $119,000. LS Investment Advisors LLC boosted its position in Shutterfly by 132.9% in the second quarter. LS Investment Advisors LLC now owns 2,888 shares of the technology company’s stock valued at $137,000 after buying an additional 1,648 shares during the last quarter. Finally, Meadow Creek Investment Management LLC bought a new position in Shutterfly during the first quarter valued at approximately $141,000.

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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