Shutterfly, Inc. Expected to Post FY2022 Earnings of $2.81 Per Share (SFLY)
Shutterfly, Inc. (NASDAQ:SFLY) – Research analysts at SunTrust Banks issued their FY2022 earnings per share (EPS) estimates for shares of Shutterfly in a research report issued on Friday. SunTrust Banks analyst Y. Squali forecasts that the technology company will earn $2.81 per share for the year. SunTrust Banks currently has a “Buy” rating and a $60.00 price objective on the stock.
Shutterfly (NASDAQ:SFLY) last announced its quarterly earnings results on Tuesday, October 24th. The technology company reported ($0.78) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.79) by $0.01. Shutterfly had a return on equity of 4.66% and a net margin of 0.81%. The firm had revenue of $195.44 million during the quarter, compared to the consensus estimate of $191.65 million. During the same period in the prior year, the firm earned ($0.86) EPS. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year.
Shares of Shutterfly (NASDAQ SFLY) traded up $0.70 during midday trading on Monday, reaching $53.08. The company had a trading volume of 1,225,600 shares, compared to its average volume of 794,133. Shutterfly has a 52-week low of $39.76 and a 52-week high of $53.99. The firm has a market cap of $1,742.76, a P/E ratio of 279.37 and a beta of 0.84.
In other news, SVP Satish Menon sold 25,000 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $42.30, for a total transaction of $1,057,500.00. Following the transaction, the senior vice president now owns 38,221 shares of the company’s stock, valued at $1,616,748.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Ishantha Lokuge sold 7,162 shares of the stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $48.85, for a total transaction 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. Over the last three months, insiders sold 71,003 shares of company stock valued at $3,060,675. 0.80% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of SFLY. Legal & General Group Plc lifted its position in shares of Shutterfly by 8.7% during the second quarter. Legal & General Group Plc now owns 66,110 shares of the technology company’s stock worth $3,140,000 after purchasing an additional 5,265 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Shutterfly by 0.3% in the second quarter. Principal Financial Group Inc. now owns 261,558 shares of the technology company’s stock worth $12,424,000 after acquiring an additional 854 shares during the last quarter. Riverhead Capital Management LLC lifted its holdings in Shutterfly by 62.1% in the second quarter. Riverhead Capital Management LLC now owns 2,431 shares of the technology company’s stock worth $116,000 after acquiring an additional 931 shares during the last quarter. Teachers Advisors LLC lifted its holdings in Shutterfly by 0.7% in the second quarter. Teachers Advisors LLC now owns 102,839 shares of the technology company’s stock worth $4,885,000 after acquiring an additional 734 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Shutterfly by 17.8% in the second quarter. Ameriprise Financial Inc. now owns 208,554 shares of the technology company’s stock worth $9,906,000 after acquiring an additional 31,581 shares during the last quarter.
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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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