$118.96 Million in Sales Expected for Stamps.com Inc. (STMP) This Quarter

Equities analysts predict that Stamps.com Inc. (NASDAQ:STMP) will post sales of $118.96 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Stamps.com’s earnings. The highest sales estimate is $125.04 million and the lowest is $111.26 million. Stamps.com posted sales of $105.90 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.3%. The firm is expected to issue its next earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Stamps.com will report full-year sales of $118.96 million for the current financial year, with estimates ranging from $454.33 million to $461.28 million. For the next year, analysts forecast that the firm will report sales of $525.02 million per share, with estimates ranging from $510.04 million to $539.94 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Stamps.com.

Stamps.com (NASDAQ:STMP) last released its quarterly earnings results on Thursday, November 2nd. The software maker reported $2.57 EPS for the quarter, topping the Zacks’ consensus estimate of $1.42 by $1.15. Stamps.com had a net margin of 31.54% and a return on equity of 35.46%.

A number of research firms have commented on STMP. B. Riley reissued a “buy” rating and issued a $250.00 price target on shares of Stamps.com in a research note on Friday, December 1st. Roth Capital boosted their price target on shares of Stamps.com from $203.00 to $245.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. BidaskClub cut shares of Stamps.com from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 13th. ValuEngine cut shares of Stamps.com from a “buy” rating to a “hold” rating in a research note on Monday, November 20th. Finally, Zacks Investment Research cut shares of Stamps.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Stamps.com has an average rating of “Buy” and a consensus price target of $217.71.

In other news, CEO Kenneth Thomas Mcbride sold 142,133 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $180.02, for a total value of $25,586,782.66. Following the completion of the sale, the chief executive officer now directly owns 73,599 shares in the company, valued at approximately $13,249,291.98. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Amine Khechfe sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $226.65, for a total transaction of $271,980.00. Following the completion of the sale, the insider now owns 1,442 shares of the company’s stock, valued at $326,829.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 257,993 shares of company stock valued at $50,919,429. Company insiders own 11.46% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Riverhead Capital Management LLC lifted its holdings in shares of Stamps.com by 66.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 666 shares of the software maker’s stock worth $103,000 after acquiring an additional 266 shares during the last quarter. Marble Harbor Investment Counsel LLC bought a new stake in shares of Stamps.com in the 3rd quarter worth approximately $203,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Stamps.com in the 3rd quarter worth approximately $209,000. Victory Capital Management Inc. raised its holdings in Stamps.com by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 1,038 shares of the software maker’s stock valued at $161,000 after buying an additional 156 shares during the last quarter. Finally, World Asset Management Inc bought a new stake in Stamps.com during the 3rd quarter valued at $212,000. Hedge funds and other institutional investors own 98.94% of the company’s stock.

Stamps.com (STMP) opened at $197.25 on Friday. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 0.27. Stamps.com has a 12 month low of $100.55 and a 12 month high of $233.12. The company has a market cap of $3,447.73, a P/E ratio of 24.84, a price-to-earnings-growth ratio of 2.20 and a beta of -0.07.

Stamps.com announced that its Board of Directors has authorized a share buyback program on Thursday, November 2nd that allows the company to repurchase $90.00 million in shares. This repurchase authorization allows the software maker to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

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About Stamps.com

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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