Shutterfly, Inc. (SFLY) Announces Earnings Results, Beats Estimates By $0.01 EPS
Shutterfly, Inc. (NASDAQ:SFLY) posted its quarterly earnings results on Tuesday. The technology company reported ($0.78) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.79) by $0.01, Bloomberg Earnings reports. The business had revenue of $195.44 million during the quarter, compared to the consensus estimate of $191.65 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 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.86) earnings per share. Shutterfly updated its Q4 guidance to $2.60 – $3.00 EPS and its FY17 guidance to $0.60 – $0.95 EPS.
Shares of Shutterfly (NASDAQ SFLY) opened at 48.83 on Wednesday. Shutterfly has a 12-month low of $41.91 and a 12-month high of $53.99. The company has a market capitalization of $1.63 billion, a PE ratio of 297.74 and a beta of 0.90. The stock’s 50 day moving average price is $48.22 and its 200 day moving average price is $48.49.
In other news, insider Lisa Blackwood-Kapral sold 1,250 shares of Shutterfly stock in a transaction that occurred 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 sale, the insider now directly owns 1,250 shares in the company, valued at approximately $58,200. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Ishantha Lokuge sold 7,162 shares of Shutterfly stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $48.85, for a total value of $349,863.70. Following the completion of the sale, the senior vice president now owns 7,162 shares in the company, valued at $349,863.70. The disclosure for this sale can be found here. Insiders sold a total of 11,894 shares of company stock worth $576,159 over the last ninety days. Insiders own 5.70% of the company’s stock.
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Several brokerages have commented on SFLY. Aegis reissued a “buy” rating and set a $56.00 target price on shares of Shutterfly in a research note on Tuesday. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $47.00 target price on shares of Shutterfly in a research note on Wednesday, October 11th. Zacks Investment Research downgraded Shutterfly from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. ValuEngine raised Shutterfly from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Finally, SunTrust Banks, Inc. began coverage on Shutterfly in a research note on Tuesday, August 15th. They set a “buy” rating and a $56.00 target price for the company. 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 stock. Shutterfly currently has an average rating of “Hold” and an average price target of $53.36.
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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