Shutterfly, Inc. (SFLY) Issues Q4 Earnings Guidance
Shutterfly, Inc. (NASDAQ:SFLY) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $2.60 – $3.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.77. The company issued revenue guidance of $538 million – $568 million, compared to the consensus revenue estimate of $565.41 million.Shutterfly also updated its FY17 guidance to $0.60 – $0.95 EPS.
Shutterfly, Inc. (NASDAQ:SFLY) traded down 0.85% during mid-day trading on Tuesday, reaching $48.83. 1,012,623 shares of the company were exchanged. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 297.74 and a beta of 0.90. The company has a 50 day moving average of $48.20 and a 200-day moving average of $48.49. Shutterfly, Inc. has a 1-year low of $41.91 and a 1-year high of $53.99.
Shutterfly (NASDAQ:SFLY) last released its quarterly earnings data on Tuesday, July 25th. The technology company reported ($0.68) EPS for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.13). Shutterfly had a return on equity of 3.61% and a net margin of 0.50%. The business had revenue of $209.03 million during the quarter, compared to analyst estimates of $209.46 million. During the same period in the prior year, the firm earned ($0.48) EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts forecast that Shutterfly, Inc. will post $0.41 EPS for the current year.
Several equities analysts have recently issued reports on SFLY shares. Zacks Investment Research cut shares of Shutterfly from a strong-buy rating to a hold rating in a research note on Tuesday, July 11th. BidaskClub cut shares of Shutterfly from a sell rating to a strong sell rating in a research note on Thursday, July 13th. Jefferies Group LLC reiterated a hold rating and issued a $53.00 price target on shares of Shutterfly in a research report on Friday, August 4th. SunTrust Banks, Inc. began coverage on shares of Shutterfly in a research report on Tuesday, August 15th. They issued a buy rating and a $56.00 price target on the stock. Finally, ValuEngine cut shares of Shutterfly from a hold rating to a sell rating in a research report on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $53.36.
In other Shutterfly news, insider Lisa Blackwood-Kapral sold 1,250 shares of Shutterfly stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $46.56, for a total transaction of $58,200.00. Following the transaction, the insider now owns 1,250 shares of the company’s stock, valued at approximately $58,200. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Ishantha Lokuge sold 7,162 shares of Shutterfly stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $48.85, for a total value of $349,863.70. Following the transaction, the senior vice president now directly owns 7,162 shares in the company, valued at approximately $349,863.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,894 shares of company stock worth $576,159. Company insiders own 5.70% of the company’s stock.
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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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