Shutterfly, Inc. (SFLY) Expected to Announce Earnings of $5.42 Per Share
Wall Street analysts expect that Shutterfly, Inc. (NASDAQ:SFLY) will post $5.42 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Shutterfly’s earnings. The lowest EPS estimate is $5.40 and the highest is $5.45. Shutterfly posted earnings per share of $3.11 in the same quarter last year, which would indicate a positive year over year growth rate of 74.3%. The business is expected to issue its next earnings report on Tuesday, January 29th.
On average, analysts expect that Shutterfly will report full year earnings of $3.12 per share for the current fiscal year, with EPS estimates ranging from $3.08 to $3.15. For the next fiscal year, analysts forecast that the company will report earnings of $2.62 per share, with EPS estimates ranging from $2.16 to $3.29. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Shutterfly.
Shutterfly (NASDAQ:SFLY) last announced its quarterly earnings results on Tuesday, October 30th. The technology company reported ($2.20) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($2.42) by $0.22. Shutterfly had a positive return on equity of 4.09% and a negative net margin of 0.97%. The business had revenue of $368.76 million for the quarter, compared to the consensus estimate of $377.54 million. During the same period last year, the business posted ($0.78) EPS. The business’s revenue was up 88.7% compared to the same quarter last year.
Shares of NASDAQ:SFLY traded down $1.78 on Friday, reaching $46.01. The company had a trading volume of 1,174,221 shares, compared to its average volume of 734,348. Shutterfly has a 52-week low of $44.13 and a 52-week high of $100.34. The company has a market capitalization of $1.55 billion, a PE ratio of 43.82, a P/E/G ratio of 0.67 and a beta of 1.37. The company has a current ratio of 1.39, a quick ratio of 1.34 and a debt-to-equity ratio of 2.24.
In related news, CFO Michael W. Pope sold 17,458 shares of the business’s stock in a transaction on Monday, October 29th. The stock was sold at an average price of $58.60, for a total transaction of $1,023,038.80. Following the transaction, the chief financial officer now directly owns 17,500 shares in the company, valued at approximately $1,025,500. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Satish Menon sold 25,000 shares of the business’s stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $48.09, for a total value of $1,202,250.00. Following the transaction, the senior vice president now owns 12,448 shares in the company, valued at $598,624.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 63,175 shares of company stock worth $3,586,398. 0.80% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in SFLY. Advisors Preferred LLC grew its stake in 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 purchasing an additional 632 shares during the last quarter. Fortis Advisors LLC purchased a new stake in Shutterfly during the 2nd quarter valued at about $133,000. Point72 Hong Kong Ltd purchased a new stake in Shutterfly during the 3rd quarter valued at about $149,000. CIBC Asset Management Inc purchased a new stake in Shutterfly during the 2nd quarter valued at about $213,000. Finally, Highland Capital Management LP purchased a new stake in Shutterfly during the 2nd quarter valued at about $225,000.
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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