Analysts Anticipate Shutterfly, Inc. (SFLY) Will Announce Earnings of -$2.60 Per Share

Brokerages forecast that Shutterfly, Inc. (NASDAQ:SFLY) will post ($2.60) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Shutterfly’s earnings, with estimates ranging from ($2.91) to ($2.40). Shutterfly reported earnings of ($0.73) per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 256.2%. The business is scheduled to issue its next quarterly earnings results on Tuesday, October 23rd.

On average, analysts expect that Shutterfly will report full year earnings of $2.81 per share for the current financial year, with EPS estimates ranging from $2.31 to $3.31. For the next year, analysts expect that the company will report earnings of $2.92 per share, with EPS estimates ranging from $2.67 to $3.13. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow Shutterfly.

Shutterfly (NASDAQ:SFLY) last announced its quarterly earnings results on Tuesday, August 7th. The technology company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.43) by $0.96. Shutterfly had a return on equity of 13.03% and a net margin of 2.26%. The business had revenue of $443.37 million during the quarter, compared to the consensus estimate of $438.30 million.

Several research firms have weighed in on SFLY. TheStreet cut Shutterfly from a “b-” rating to a “c+” rating in a research report on Tuesday, September 4th. ValuEngine cut Shutterfly from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Zacks Investment Research raised Shutterfly from a “sell” rating to a “hold” rating in a research report on Monday, August 6th. BidaskClub cut Shutterfly from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 25th. Finally, Robert W. Baird boosted their price objective on Shutterfly from $85.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, July 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $95.00.

In other Shutterfly news, VP Jason Sebring sold 3,125 shares of the business’s stock in a transaction on Tuesday, June 19th. The stock was sold at an average price of $93.90, for a total value of $293,437.50. Following the transaction, the vice president now owns 3,125 shares of the company’s stock, valued at $293,437.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Lisa Blackwood-Kapral sold 435 shares of the business’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $73.72, for a total value of $32,068.20. Following the completion of the transaction, the chief accounting officer now directly owns 1,250 shares in the company, valued at approximately $92,150. The disclosure for this sale can be found here. In the last three months, insiders sold 106,883 shares of company stock worth $9,455,677. Insiders own 1.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Advisors Preferred LLC lifted its position in shares of Shutterfly by 116.6% during the 2nd quarter. Advisors Preferred LLC now owns 1,174 shares of the technology company’s stock valued at $106,000 after buying an additional 632 shares during the last quarter. Strs Ohio lifted its position in shares of Shutterfly by 36.8% during the 2nd quarter. Strs Ohio now owns 2,600 shares of the technology company’s stock valued at $234,000 after buying an additional 700 shares during the last quarter. Amalgamated Bank lifted its position in shares of Shutterfly by 15.1% during the 2nd quarter. Amalgamated Bank now owns 5,389 shares of the technology company’s stock valued at $485,000 after buying an additional 706 shares during the last quarter. United Services Automobile Association lifted its position in shares of Shutterfly by 14.2% during the 2nd quarter. United Services Automobile Association now owns 5,904 shares of the technology company’s stock valued at $532,000 after buying an additional 732 shares during the last quarter. Finally, Piedmont Investment Advisors LLC lifted its position in shares of Shutterfly by 11.2% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 7,726 shares of the technology company’s stock valued at $696,000 after buying an additional 776 shares during the last quarter.

SFLY stock traded down $0.37 during midday trading on Tuesday, hitting $72.40. The company’s stock had a trading volume of 449,000 shares, compared to its average volume of 901,956. The company has a current ratio of 1.72, a quick ratio of 1.66 and a debt-to-equity ratio of 2.01. Shutterfly has a 1 year low of $39.76 and a 1 year high of $100.34. The stock has a market cap of $2.43 billion, a P/E ratio of 68.95, a P/E/G ratio of 1.13 and a beta of 0.96.

About Shutterfly

Shutterfly, Inc manufactures and retails personalized products and services primarily in the United States, Canada, and the European Community. The company operates through Consumer and Shutterfly Business Solutions segments. It offers a range of personalized photo-based products and services that enable consumers to upload, edit, enhance, organize, find, share, create, print, and preserve their memories.

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