Analysts Expect Stamps.com Inc. (STMP) Will Announce Quarterly Sales of $109.44 Million
Wall Street analysts predict that Stamps.com Inc. (NASDAQ:STMP) will report sales of $109.44 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Stamps.com’s earnings, with the lowest sales estimate coming in at $106.64 million and the highest estimate coming in at $111.76 million. Stamps.com posted sales of $92.56 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 18.2%. The business is expected to announce its next quarterly earnings report on Thursday, November 2nd.
On average, analysts expect that Stamps.com will report full year sales of $109.44 million for the current fiscal year, with estimates ranging from $448.23 million to $457.98 million. For the next fiscal year, analysts anticipate that the company will post sales of $523.47 million per share, with estimates ranging from $510.00 million to $539.94 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Stamps.com.
Stamps.com (NASDAQ:STMP) last issued its quarterly earnings data on Wednesday, August 2nd. The software maker reported $1.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.36. The firm had revenue of $116.14 million during 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%. Stamps.com’s revenue for the quarter was up 38.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.94 earnings per share.
Several equities research analysts have issued reports on STMP shares. Zacks Investment Research lowered shares of Stamps.com from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Sidoti reissued a “buy” rating and set a $182.00 price target on shares of Stamps.com in a research report on Thursday, July 6th. B. Riley restated a “buy” rating and set a $250.00 price objective on shares of Stamps.com in a research note on Thursday, August 3rd. Craig Hallum restated a “buy” rating and set a $210.00 price objective (up from $170.00) on shares of Stamps.com in a research note on Thursday, August 3rd. Finally, Roth Capital raised their price objective on Stamps.com from $166.00 to $203.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $204.57.
In other news, insider James Bortnak sold 4,000 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $151.37, for a total transaction of $605,480.00. Following the transaction, the insider now directly owns 5,985 shares in the company, valued at approximately $905,949.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Seth Weisberg sold 25,000 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $197.45, for a total transaction of $4,936,250.00. Following the transaction, the insider now owns 32,572 shares in the company, valued at $6,431,341.40. The disclosure for this sale can be found here. Insiders have sold 450,763 shares of company stock worth $89,049,164 over the last ninety days. Insiders own 11.08% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in Stamps.com by 143,777.2% during the first quarter. BlackRock Inc. now owns 1,880,475 shares of the software maker’s stock worth $222,554,000 after purchasing an additional 1,879,168 shares during the period. Vanguard Group Inc. increased its position in Stamps.com by 4.7% during the second quarter. Vanguard Group Inc. now owns 1,446,477 shares of the software maker’s stock worth $224,023,000 after buying an additional 64,398 shares during the last quarter. P2 Capital Partners LLC increased its position in Stamps.com by 21.1% during 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. Jericho Capital Asset Management L.P. increased its position in Stamps.com by 0.7% during the first quarter. Jericho Capital Asset Management L.P. now owns 596,303 shares of the software maker’s stock worth $70,572,000 after buying an additional 4,303 shares during the last quarter. Finally, Fred Alger Management Inc. raised its stake in Stamps.com by 7.1% in the second quarter. Fred Alger Management Inc. now owns 414,728 shares of the software maker’s stock valued at $64,231,000 after buying an additional 27,541 shares during the period.
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Stamps.com (STMP) traded up 1.3932% during trading on Wednesday, reaching $218.7559. 68,049 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $201.45 and a 200-day moving average price of $152.93. The firm has a market cap of $3.70 billion, a PE ratio of 35.3802 and a beta of -0.04. Stamps.com has a 12 month low of $89.26 and a 12 month high of $220.25.
Stamps.com Company Profile
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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