Brokerages Anticipate Shutterfly, Inc. (SFLY) Will Announce Quarterly Sales of $192.59 Million
Wall Street brokerages expect that Shutterfly, Inc. (NASDAQ:SFLY) will announce $192.59 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Shutterfly’s earnings, with estimates ranging from $191.61 million to $194.35 million. Shutterfly reported sales of $187.33 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.8%. The business is scheduled to issue its next earnings results on Wednesday, October 25th.
According to Zacks, 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 financial year, analysts forecast that the firm will post sales of $1.23 billion per share, with estimates ranging from $1.22 billion to $1.23 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Shutterfly.
Shutterfly (NASDAQ:SFLY) last issued its earnings results on Tuesday, July 25th. The technology company reported ($0.68) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.55) by $0.13. Shutterfly had a return on equity of 3.61% and a net margin of 0.50%. The company had revenue of $209.03 million for the quarter, compared to the consensus estimate of $209.46 million. During the same quarter last year, the business posted ($0.48) EPS. Shutterfly’s quarterly revenue was up 2.5% on a year-over-year basis.
SFLY has been the subject of several recent research reports. Cantor Fitzgerald reissued a “buy” rating and issued a $57.00 price target on shares of Shutterfly in a research note on Tuesday, May 16th. ValuEngine raised Shutterfly from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th. BidaskClub cut Shutterfly from a “hold” rating to a “sell” rating in a research note on Saturday, June 10th. TheStreet cut Shutterfly from a “b-” rating to a “c+” rating in a research note on Tuesday, June 13th. Finally, Zacks Investment Research raised Shutterfly from a “hold” rating to a “strong-buy” rating and set a $54.00 price target for the company in a research note on Wednesday, June 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $54.10.
COPYRIGHT VIOLATION NOTICE: “Brokerages Anticipate Shutterfly, Inc. (SFLY) Will Announce Quarterly Sales of $192.59 Million” was posted by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://www.americanbankingnews.com/2017/09/10/brokerages-anticipate-shutterfly-inc-sfly-will-announce-quarterly-sales-of-192-59-million.html.
In other Shutterfly news, Director Ann Mather sold 1,436 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $48.17, for a total value of $69,172.12. Following the transaction, the director now owns 5,363 shares in the company, valued at $258,335.71. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Tracy Layney sold 21,750 shares of the stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $48.60, for a total value of $1,057,050.00. Following the completion of the transaction, the senior vice president now owns 43,500 shares in the company, valued at approximately $2,114,100. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,272 shares of company stock worth $1,562,998. 5.70% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in SFLY. Elkfork Partners LLC bought a new position in Shutterfly in the first quarter worth approximately $116,000. Riverhead Capital Management LLC boosted its holdings in Shutterfly by 62.1% in the second quarter. Riverhead Capital Management LLC now owns 2,431 shares of the technology company’s stock worth $116,000 after acquiring an additional 931 shares in the last quarter. Quantbot Technologies LP bought a new position in Shutterfly in the second quarter worth approximately $119,000. LS Investment Advisors LLC boosted its holdings in Shutterfly by 132.9% in the second quarter. LS Investment Advisors LLC now owns 2,888 shares of the technology company’s stock worth $137,000 after acquiring an additional 1,648 shares in the last quarter. Finally, Meadow Creek Investment Management LLC bought a new position in Shutterfly in the first quarter worth approximately $141,000.
Shutterfly (SFLY) opened at 47.10 on Friday. Shutterfly has a one year low of $41.91 and a one year high of $53.99. The firm’s 50-day moving average price is $46.55 and its 200-day moving average price is $48.10. The company has a market cap of $1.57 billion, a PE ratio of 287.20 and a beta of 0.89.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Shutterfly Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shutterfly Inc. and related companies with MarketBeat.com's FREE daily email newsletter.