Wall Street brokerages expect that Stamps.com Inc. (NASDAQ:STMP) will report sales of $109.44 million for the current 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 $106.64 million. Stamps.com reported sales of $92.56 million in the same quarter last year, which would suggest a positive year over year growth rate of 18.2%. The company is expected to report its next earnings results on Thursday, November 2nd.

On average, analysts expect that Stamps.com will report full year sales of $109.44 million for the current year, with estimates ranging from $448.23 million to $457.98 million. For the next financial year, analysts forecast that the company will report sales of $523.47 million per share, with estimates ranging from $510.00 million to $539.94 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Stamps.com.

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

Several analysts have recently weighed in on STMP shares. Sidoti restated a “buy” rating and set a $182.00 price objective on shares of Stamps.com in a research report on Thursday, July 6th. Northland Securities restated a “buy” rating and set a $250.00 price objective on shares of Stamps.com in a research report on Thursday, October 12th. Zacks Investment Research upgraded shares of Stamps.com from a “hold” rating to a “strong-buy” rating and set a $222.00 price objective on the stock in a research report on Tuesday, August 29th. Craig Hallum restated a “buy” rating and set a $210.00 price objective (up previously from $170.00) on shares of Stamps.com in a research report on Thursday, August 3rd. Finally, ValuEngine cut shares of Stamps.com from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Stamps.com has an average rating of “Buy” and a consensus price target of $211.71.

Stamps.com (NASDAQ:STMP) opened at 223.50 on Monday. The firm has a market capitalization of $3.78 billion, a P/E ratio of 36.15 and a beta of -0.04. Stamps.com has a one year low of $89.49 and a one year high of $226.00. The stock’s 50 day moving average is $207.64 and its 200 day moving average is $161.71.

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In related news, insider Amine Khechfe sold 1,200 shares of Stamps.com stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $149.05, for a total value of $178,860.00. Following the transaction, the insider now owns 242 shares in the company, valued at approximately $36,070.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John Roland Clem sold 9,200 shares of Stamps.com stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $221.56, for a total transaction of $2,038,352.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 461,435 shares of company stock worth $91,666,710. 11.46% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of STMP. Riverhead Capital Management LLC increased its position in shares of Stamps.com by 66.5% in the second quarter. Riverhead Capital Management LLC now owns 666 shares of the software maker’s stock valued at $103,000 after acquiring an additional 266 shares during the period. Victory Capital Management Inc. purchased a new position in shares of Stamps.com in the first quarter valued at about $104,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Stamps.com by 11.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 883 shares of the software maker’s stock valued at $137,000 after acquiring an additional 92 shares during the period. SG Americas Securities LLC increased its position in shares of Stamps.com by 14.4% in the first quarter. SG Americas Securities LLC now owns 1,406 shares of the software maker’s stock valued at $166,000 after acquiring an additional 177 shares during the period. Finally, Bank of Montreal Can increased its position in shares of Stamps.com by 1.6% in the second quarter. Bank of Montreal Can now owns 1,074 shares of the software maker’s stock valued at $167,000 after acquiring an additional 17 shares during the period.

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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