Stamps.com Inc. (STMP) Issues FY17 Earnings Guidance
Stamps.com Inc. (NASDAQ:STMP) issued an update on its FY17 earnings guidance on Thursday morning. The company provided EPS guidance of $9.00-10.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.04. The company issued revenue guidance of $435-460 million, compared to the consensus revenue estimate of $455.05 million.
Stamps.com (NASDAQ:STMP) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.36. The business had revenue of $116.14 million for the quarter, compared to analysts’ expectations of $99.29 million. Stamps.com had a return on equity of 34.46% and a net margin of 26.66%. The company’s revenue for the quarter was up 38.2% compared to the same quarter last year. During the same period last year, the firm earned $1.94 earnings per share.
Several analysts have recently issued reports on STMP shares. ValuEngine upgraded Stamps.com from a hold rating to a buy rating in a research note on Friday, September 1st. Zacks Investment Research upgraded Stamps.com from a hold rating to a strong-buy rating and set a $222.00 price objective on the stock in a research note on Tuesday, August 29th. B. Riley set a $250.00 price objective on Stamps.com and gave the company a buy rating in a research note on Thursday, October 5th. Craig Hallum set a $230.00 price target on Stamps.com and gave the company a buy rating in a research note on Friday, August 25th. Finally, Roth Capital raised their price target on Stamps.com from $166.00 to $203.00 and gave the company a buy rating in a research note on Thursday, August 3rd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $217.71.
In other news, insider Sebastian Buerba sold 44,255 shares of Stamps.com stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $192.07, for a total transaction of $8,500,057.85. Following the sale, the insider now owns 3,404 shares in the company, valued at $653,806.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Amine Khechfe sold 1,200 shares of Stamps.com stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $191.25, for a total value of $229,500.00. Following the sale, the insider now owns 1,442 shares in the company, valued at approximately $275,782.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 527,554 shares of company stock worth $107,464,978. 11.46% of the stock is owned by insiders.
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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