Stamps.com (NASDAQ:STMP) will be releasing its earnings data on Wednesday, February 21st. Analysts expect Stamps.com to post earnings of $2.75 per share for the quarter.
Shares of Stamps.com (NASDAQ STMP) opened at $179.10 on Wednesday. The stock has a market capitalization of $3,130.00, a price-to-earnings ratio of 23.44, a P/E/G ratio of 2.06 and a beta of -0.05. Stamps.com has a 52-week low of $100.55 and a 52-week high of $233.12. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.80 and a quick ratio of 2.80.
Stamps.com announced that its Board of Directors has initiated a share repurchase program on Thursday, November 2nd that authorizes the company to repurchase $90.00 million in shares. This repurchase authorization authorizes the software maker to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
In other news, insider Amine Khechfe sold 1,200 shares of Stamps.com stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $202.05, for a total transaction of $242,460.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kenneth Thomas Mcbride sold 8,115 shares of Stamps.com stock in a transaction on Monday, December 18th. The stock was sold at an average price of $182.46, for a total value of $1,480,662.90. Following the sale, the chief executive officer now owns 9,981 shares of the company’s stock, valued at $1,821,133.26. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 165,674 shares of company stock valued at $29,976,530. Corporate insiders own 11.08% of the company’s stock.
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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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