Wall Street analysts predict that Stamps.com Inc. (NASDAQ:STMP) will report sales of $107.59 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Stamps.com’s earnings, with the highest sales estimate coming in at $111.76 million and the lowest estimate coming in at $101.73 million. Stamps.com reported sales of $92.56 million in the same quarter last year, which indicates a positive year-over-year growth rate of 16.2%. The business is scheduled to announce its next quarterly earnings results on Thursday, November 2nd.

According to Zacks, analysts expect that Stamps.com will report full year sales of $107.59 million for the current year, with estimates ranging from $448.23 million to $457.98 million. For the next fiscal year, analysts expect that the firm will post sales of $514.91 million per share, with estimates ranging from $475.77 million to $539.94 million. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for Stamps.com.

Stamps.com (NASDAQ:STMP) last released its earnings results on Wednesday, August 2nd. The software maker reported $1.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.36. The firm had revenue of $116.14 million for the quarter, compared to analysts’ expectations of $99.29 million. Stamps.com had a net margin of 26.66% and a return on equity of 34.46%. The company’s quarterly revenue was up 38.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.94 earnings per share.

STMP has been the subject of several recent research reports. Roth Capital restated a “buy” rating and set a $166.00 target price on shares of Stamps.com in a research report on Wednesday, May 31st. Zacks Investment Research upgraded shares of Stamps.com from a “hold” rating to a “strong-buy” rating and set a $222.00 target price for the company in a research report on Tuesday, August 29th. ValuEngine upgraded shares of Stamps.com from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Craig Hallum restated a “buy” rating and set a $210.00 target price (up from $170.00) on shares of Stamps.com in a research report on Thursday, August 3rd. Finally, B. Riley set a $250.00 target price on shares of Stamps.com and gave the company a “buy” rating in a research report on Friday, August 25th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $204.57.

In other Stamps.com news, insider Seth Weisberg sold 5,000 shares of Stamps.com stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $150.15, for a total transaction of $750,750.00. Following the transaction, the insider now owns 27,572 shares of the company’s stock, valued at $4,139,935.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James Bortnak sold 4,000 shares of Stamps.com stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $150.44, for a total transaction of $601,760.00. Following the transaction, the insider now directly owns 5,985 shares in the company, valued at approximately $900,383.40. The disclosure for this sale can be found here. Insiders have sold 407,763 shares of company stock valued at $79,401,175 over the last 90 days. 11.46% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of STMP. Russell Investments Group Ltd. lifted its holdings in Stamps.com by 3.7% during the first quarter. Russell Investments Group Ltd. now owns 59,795 shares of the software maker’s stock valued at $7,076,000 after purchasing an additional 2,127 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in Stamps.com by 5.5% during the first quarter. Great West Life Assurance Co. Can now owns 21,915 shares of the software maker’s stock valued at $2,594,000 after purchasing an additional 1,133 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Stamps.com by 4.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 9,321 shares of the software maker’s stock valued at $1,103,000 after purchasing an additional 400 shares in the last quarter. First Trust Advisors LP lifted its holdings in Stamps.com by 54.3% during the first quarter. First Trust Advisors LP now owns 14,234 shares of the software maker’s stock valued at $1,685,000 after purchasing an additional 5,011 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Stamps.com by 2.0% during the first quarter. Bank of New York Mellon Corp now owns 260,239 shares of the software maker’s stock valued at $30,799,000 after purchasing an additional 5,095 shares in the last quarter.

Shares of Stamps.com (NASDAQ:STMP) opened at 198.20 on Friday. The stock has a market capitalization of $3.35 billion, a PE ratio of 32.06 and a beta of -0.04. Stamps.com has a 52 week low of $87.00 and a 52 week high of $220.25. The company’s 50 day moving average is $194.27 and its 200-day moving average is $145.30.

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About Stamps.com

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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