Shutterfly, Inc. (SFLY) Expected to Post Quarterly Sales of $379.47 Million

Equities analysts expect Shutterfly, Inc. (NASDAQ:SFLY) to post $379.47 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Shutterfly’s earnings, with the lowest sales estimate coming in at $374.14 million and the highest estimate coming in at $385.37 million. Shutterfly reported sales of $195.44 million during the same quarter last year, which indicates a positive year-over-year growth rate of 94.2%. The company is scheduled to report its next quarterly earnings report on Tuesday, October 23rd.

According to Zacks, analysts expect that Shutterfly will report full-year sales of $2.02 billion for the current year, with estimates ranging from $2.00 billion to $2.05 billion. For the next financial year, analysts forecast that the company will report sales of $2.29 billion per share, with estimates ranging from $2.26 billion to $2.31 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Shutterfly.

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

Several brokerages have recently commented on SFLY. BidaskClub lowered Shutterfly from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 8th. SunTrust Banks reaffirmed a “buy” rating and issued a $111.00 price target on shares of Shutterfly in a research note on Tuesday, June 5th. Robert W. Baird upped their price target on Shutterfly from $85.00 to $95.00 and gave the company a “neutral” rating in a research note on Friday, July 6th. ValuEngine lowered Shutterfly from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 2nd. Finally, Zacks Investment Research raised Shutterfly from a “sell” rating to a “hold” rating in a research note on Monday, July 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $95.00.

Shares of Shutterfly stock traded up $0.52 during trading hours on Thursday, hitting $73.25. The company’s stock had a trading volume of 385,849 shares, compared to its average volume of 673,554. Shutterfly has a twelve month low of $39.76 and a twelve month high of $100.34. The firm has a market cap of $2.44 billion, a PE ratio of 69.76, a price-to-earnings-growth ratio of 1.13 and a beta of 0.95. The company has a quick ratio of 1.66, a current ratio of 1.72 and a debt-to-equity ratio of 2.01.

In related news, VP Jason Sebring sold 3,125 shares of the stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $93.90, for a total transaction of $293,437.50. Following the transaction, the vice president now owns 3,125 shares of the company’s stock, valued at approximately $293,437.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Tracy Layney sold 24,543 shares of the stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $93.86, for a total value of $2,303,605.98. Following the transaction, the senior vice president now directly owns 24,543 shares in the company, valued at approximately $2,303,605.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 105,169 shares of company stock worth $9,235,810. Corporate insiders own 0.80% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio lifted its stake in Shutterfly by 55.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 16,920 shares of the technology company’s stock worth $1,523,000 after acquiring an additional 6,050 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in Shutterfly in the 2nd quarter valued at about $10,663,000. Verition Fund Management LLC acquired a new stake in Shutterfly in the 2nd quarter valued at about $1,669,000. Castleark Management LLC acquired a new stake in Shutterfly in the 2nd quarter valued at about $11,101,000. Finally, Millennium Management LLC raised its position in Shutterfly by 452.6% in the 2nd quarter. Millennium Management LLC now owns 168,502 shares of the technology company’s stock valued at $15,170,000 after purchasing an additional 138,009 shares in the last quarter.

Shutterfly Company Profile

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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Earnings History and Estimates for Shutterfly (NASDAQ:SFLY)

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