Equities research analysts expect Stamps.com Inc. (NASDAQ:STMP) to announce sales of $123.85 million for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Stamps.com’s earnings. The lowest sales estimate is $122.96 million and the highest is $124.80 million. Stamps.com reported sales of $105.04 million in the same quarter last year, which would suggest a positive year over year growth rate of 17.9%. The company is expected to announce its next quarterly earnings report on Wednesday, May 2nd.
On average, analysts expect that Stamps.com will report full-year sales of $123.85 million for the current fiscal year, with estimates ranging from $539.94 million to $547.52 million. For the next fiscal year, analysts expect that the business will report sales of $633.74 million per share, with estimates ranging from $629.49 million to $636.19 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Stamps.com.
Stamps.com (NASDAQ:STMP) last posted its quarterly earnings data on Wednesday, February 21st. The software maker reported $4.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.72 by $1.96. The firm had revenue of $132.50 million for the quarter, compared to the consensus estimate of $120.26 million. Stamps.com had a net margin of 32.13% and a return on equity of 41.00%. The business’s revenue for the quarter was up 25.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.73 EPS.
In related news, CEO Kenneth Thomas Mcbride sold 8,115 shares of the business’s stock in a transaction dated 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 directly owns 9,981 shares in the company, valued at approximately $1,821,133.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sebastian Buerba sold 44,455 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $193.45, for a total value of $8,599,819.75. Following the completion of the sale, the insider now owns 20,483 shares in the company, valued at $3,962,436.35. The disclosure for this sale can be found here. Insiders sold a total of 242,704 shares of company stock worth $47,405,284 over the last three months. 11.08% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in STMP. BlackRock Inc. raised its stake in Stamps.com by 6.1% in the 4th quarter. BlackRock Inc. now owns 2,016,516 shares of the software maker’s stock valued at $379,105,000 after acquiring an additional 115,609 shares during the period. Fred Alger Management Inc. raised its stake in Stamps.com by 38.2% in the 4th quarter. Fred Alger Management Inc. now owns 391,265 shares of the software maker’s stock valued at $73,558,000 after acquiring an additional 108,209 shares during the period. Garelick Capital Partners LP raised its stake in Stamps.com by 69.1% in the 4th quarter. Garelick Capital Partners LP now owns 211,305 shares of the software maker’s stock valued at $39,725,000 after acquiring an additional 86,383 shares during the period. Bogle Investment Management L P DE bought a new stake in Stamps.com in the 4th quarter valued at about $13,402,000. Finally, Copper Rock Capital Partners LLC raised its stake in Stamps.com by 55.6% in the 4th quarter. Copper Rock Capital Partners LLC now owns 155,384 shares of the software maker’s stock valued at $29,414,000 after acquiring an additional 55,535 shares during the period.
Stamps.com (STMP) opened at $207.10 on Tuesday. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.12. The firm has a market cap of $3,640.00, a PE ratio of 23.35, a P/E/G ratio of 1.67 and a beta of 0.07. Stamps.com has a fifty-two week low of $100.55 and a fifty-two week high of $233.13.
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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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