Shutterfly, Inc. (NASDAQ:SFLY) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.60 – $0.95 for the period, compared to the Thomson Reuters consensus estimate of $0.68. The company issued revenue guidance of $1.14 billion – $1.17 billion, compared to the consensus revenue estimate of $1.16 billion.Shutterfly also updated its Q4 guidance to $2.60 – $3.00 EPS.

Shares of Shutterfly, Inc. (SFLY) traded down 0.85% during trading on Tuesday, reaching $48.83. 1,012,623 shares of the company’s stock were exchanged. Shutterfly, Inc. has a 52 week low of $41.91 and a 52 week high of $53.99. The stock has a market capitalization of $1.63 billion, a PE ratio of 297.74 and a beta of 0.90. The company’s 50-day moving average is $48.20 and its 200 day moving average is $48.49.

Shutterfly (NASDAQ:SFLY) last announced its quarterly earnings results on Tuesday, July 25th. The technology company reported ($0.68) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($0.13). Shutterfly had a net margin of 0.50% and a return on equity of 3.61%. The firm had revenue of $209.03 million for the quarter, compared to analyst estimates of $209.46 million. During the same period last year, the firm posted ($0.48) EPS. The business’s revenue was up 2.5% compared to the same quarter last year. On average, analysts forecast that Shutterfly, Inc. will post $0.41 earnings per share for the current year.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Shutterfly from a hold rating to a strong-buy rating and set a $57.00 price target for the company in a report on Friday, July 28th. Aegis reissued a buy rating and set a $56.00 price target on shares of Shutterfly in a report on Tuesday. ValuEngine raised shares of Shutterfly from a sell rating to a hold rating in a report on Friday, September 22nd. Goldman Sachs Group, Inc. (The) reissued a neutral rating and set a $47.00 price target on shares of Shutterfly in a report on Wednesday, October 11th. Finally, BidaskClub downgraded shares of Shutterfly from a sell rating to a strong sell rating in a report on Saturday, August 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $53.36.

In other Shutterfly news, SVP Ishantha Lokuge sold 2,838 shares of the business’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $48.27, for a total value of $136,990.26. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Lisa Blackwood-Kapral sold 1,250 shares of the business’s 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 completion of the sale, 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 quarter, insiders sold 11,894 shares of company stock worth $576,159. 5.70% of the stock is owned by company insiders.

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About Shutterfly

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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