Wall Street brokerages expect that Shutterfly, Inc. (NASDAQ:SFLY) will report sales of $192.59 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Shutterfly’s earnings, with estimates ranging from $191.61 million to $194.35 million. Shutterfly posted sales of $187.33 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.8%. The firm is scheduled to report its next quarterly earnings report after the market closes on Tuesday, October 24th.

On average, analysts expect that Shutterfly will report full-year sales of $192.59 million for the current year, with estimates ranging from $1.15 billion to $1.17 billion. For the next fiscal year, analysts expect that the company will post sales of $1.23 billion per share, with estimates ranging from $1.22 billion to $1.23 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Shutterfly.

Shutterfly (NASDAQ:SFLY) last issued its quarterly earnings results on Tuesday, July 25th. The technology company reported ($0.68) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.55) by ($0.13). The firm had revenue of $209.03 million during the quarter, compared to analysts’ expectations of $209.46 million. Shutterfly had a return on equity of 3.61% and a net margin of 0.50%. Shutterfly’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.48) earnings per share.

A number of equities research analysts have weighed in on SFLY shares. ValuEngine raised Shutterfly from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $53.00 target price on shares of Shutterfly in a research report on Friday, August 4th. Zacks Investment Research lowered Shutterfly from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. BidaskClub raised Shutterfly from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, SunTrust Banks, Inc. started coverage on Shutterfly in a research report on Tuesday, August 15th. They set a “buy” rating and a $56.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $53.45.

Shares of Shutterfly (NASDAQ SFLY) traded up 0.96% during midday trading on Wednesday, reaching $49.21. The company had a trading volume of 165,463 shares. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 300.06 and a beta of 0.90. Shutterfly has a 1-year low of $41.91 and a 1-year high of $53.99. The firm’s 50 day moving average price is $47.63 and its 200-day moving average price is $48.44.

In related news, SVP Ishantha Lokuge sold 2,838 shares of the business’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $48.27, for a total transaction of $136,990.26. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Lisa Blackwood-Kapral sold 1,250 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $46.56, for a total value of $58,200.00. Following the transaction, the insider now owns 1,250 shares in the company, valued at $58,200. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,732 shares of company stock worth $226,295. 5.70% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. Pinebridge Investments L.P. grew its stake in Shutterfly by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 4,450 shares of the technology company’s stock worth $211,000 after buying an additional 60 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in Shutterfly by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 13,800 shares of the technology company’s stock worth $656,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System grew its stake in Shutterfly by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 17,600 shares of the technology company’s stock worth $836,000 after buying an additional 100 shares during the last quarter. Amalgamated Bank grew its stake in Shutterfly by 2.7% during the 2nd quarter. Amalgamated Bank now owns 4,713 shares of the technology company’s stock worth $224,000 after buying an additional 122 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in Shutterfly by 1.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,160 shares of the technology company’s stock worth $449,000 after buying an additional 150 shares during the last quarter.

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Shutterfly Company Profile

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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