Wall Street analysts forecast that Shutterfly, Inc. (NASDAQ:SFLY) will report sales of $556.99 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Shutterfly’s earnings, with estimates ranging from $549.60 million to $568.88 million. Shutterfly reported sales of $561.23 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 0.8%. The company is expected to issue its next earnings results on Wednesday, February 7th.

According to Zacks, analysts expect that Shutterfly will report full year sales of $556.99 million for the current fiscal year, with estimates ranging from $1.15 billion to $1.17 billion. For the next year, analysts expect that the business will report sales of $1.21 billion per share, with estimates ranging from $1.19 billion to $1.23 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Shutterfly.

Shutterfly (NASDAQ:SFLY) last announced its quarterly earnings data on Tuesday, October 24th. The technology company reported ($0.78) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.79) by $0.01. Shutterfly had a net margin of 0.81% and a return on equity of 4.66%. The firm had revenue of $195.44 million during the quarter, compared to analyst estimates of $191.65 million. During the same quarter in the prior year, the firm posted ($0.86) earnings per share. Shutterfly’s quarterly revenue was up 4.3% on a year-over-year basis.

A number of equities research analysts recently issued reports on the stock. Goldman Sachs Group reissued a “neutral” rating and issued a $47.00 price objective on shares of Shutterfly in a report on Wednesday, October 11th. SunTrust Banks assumed coverage on shares of Shutterfly in a report on Tuesday, August 15th. They issued a “buy” rating and a $56.00 price objective for the company. ValuEngine lowered shares of Shutterfly from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. Zacks Investment Research raised shares of Shutterfly from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Finally, Aegis reissued a “buy” rating and issued a $56.00 price objective on shares of Shutterfly in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Shutterfly presently has a consensus rating of “Hold” and a consensus price target of $53.50.

Shares of Shutterfly (NASDAQ:SFLY) opened at $46.27 on Wednesday. Shutterfly has a 1-year low of $39.76 and a 1-year high of $53.99. The stock has a market cap of $1,520.00, a PE ratio of 73.40 and a beta of 0.84.

In other Shutterfly news, CFO Michael W. Pope sold 35,000 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $42.08, for a total transaction of $1,472,800.00. Following the completion of the transaction, the chief financial officer now owns 17,500 shares of the company’s stock, valued at $736,400. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Lisa Blackwood-Kapral sold 719 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $40.78, for a total transaction of $29,320.82. Following the transaction, the chief accounting officer now directly owns 1,900 shares of the company’s stock, valued at approximately $77,482. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,363 shares of company stock valued at $3,077,580. 0.80% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Shutterfly by 2.3% during the second quarter. Vanguard Group Inc. now owns 2,903,180 shares of the technology company’s stock worth $137,902,000 after buying an additional 64,361 shares during the period. EastBay Asset Management LLC lifted its position in shares of Shutterfly by 0.6% during the second quarter. EastBay Asset Management LLC now owns 2,130,159 shares of the technology company’s stock worth $101,182,000 after purchasing an additional 12,470 shares in the last quarter. Fine Capital Partners L.P. lifted its position in shares of Shutterfly by 19.8% during the third quarter. Fine Capital Partners L.P. now owns 1,646,060 shares of the technology company’s stock worth $79,801,000 after purchasing an additional 272,200 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Shutterfly by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,248,187 shares of the technology company’s stock worth $60,512,000 after purchasing an additional 3,360 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Shutterfly by 4.0% during the second quarter. State Street Corp now owns 979,974 shares of the technology company’s stock worth $46,554,000 after purchasing an additional 37,889 shares in the last quarter.

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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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