Shutterfly, Inc. Expected to Post FY2019 Earnings of $2.93 Per Share (SFLY)

Shutterfly, Inc. (NASDAQ:SFLY) – SunTrust Banks reduced their FY2019 earnings per share (EPS) estimates for Shutterfly in a note issued to investors on Wednesday, October 17th, according to Zacks Investment Research. SunTrust Banks analyst Y. Squali now expects that the technology company will post earnings of $2.93 per share for the year, down from their prior forecast of $3.11. SunTrust Banks has a “Buy” rating and a $90.00 price objective on the stock.

Several other brokerages have also weighed in on SFLY. Zacks Investment Research lowered Shutterfly from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. ValuEngine cut Shutterfly from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. TheStreet cut Shutterfly from a “b-” rating to a “c+” rating in a report on Tuesday, September 4th. BidaskClub upgraded Shutterfly from a “strong sell” rating to a “sell” rating in a report on Tuesday. Finally, KeyCorp assumed coverage on Shutterfly in a report on Friday. They set a “sector weight” rating on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $90.80.

SFLY stock traded down $0.32 during midday trading on Thursday, reaching $57.67. The stock had a trading volume of 691,502 shares, compared to its average volume of 954,740. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.39 and a quick ratio of 1.34. Shutterfly has a 52-week low of $40.05 and a 52-week high of $100.34. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 54.92, a price-to-earnings-growth ratio of 0.84 and a beta of 1.34.

Shutterfly (NASDAQ:SFLY) last issued its earnings results on Tuesday, October 30th. The technology company reported ($2.20) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($2.42) by $0.22. The company had revenue of $368.76 million during the quarter, compared to analyst estimates of $377.54 million. Shutterfly had a positive return on equity of 4.09% and a negative net margin of 0.97%. The firm’s quarterly revenue was up 88.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.78) EPS.

In other news, CAO Lisa Blackwood-Kapral sold 435 shares of Shutterfly stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $73.72, for a total transaction of $32,068.20. Following the sale, the chief accounting officer now owns 1,250 shares of the company’s stock, valued at approximately $92,150. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Michael W. Pope sold 17,458 shares of Shutterfly stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $58.60, for a total transaction of $1,023,038.80. Following the sale, the chief financial officer now directly owns 17,500 shares in the company, valued at approximately $1,025,500. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,222 shares of company stock worth $3,731,954. Insiders own 0.80% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in SFLY. Russell Investments Group Ltd. raised its position in shares of Shutterfly by 456.5% during the 1st quarter. Russell Investments Group Ltd. now owns 100,330 shares of the technology company’s stock valued at $8,152,000 after buying an additional 82,300 shares during the period. Principal Financial Group Inc. raised its position in Shutterfly by 1.8% in the first quarter. Principal Financial Group Inc. now owns 254,305 shares of the technology company’s stock valued at $20,662,000 after purchasing an additional 4,596 shares during the period. UBS Group AG raised its position in Shutterfly by 220.7% in the first quarter. UBS Group AG now owns 17,294 shares of the technology company’s stock valued at $1,405,000 after purchasing an additional 11,902 shares during the period. Element Capital Management LLC purchased a new stake in Shutterfly in the first quarter valued at approximately $207,000. Finally, Cubist Systematic Strategies LLC raised its position in Shutterfly by 13.6% in the first quarter. Cubist Systematic Strategies LLC now owns 11,187 shares of the technology company’s stock valued at $909,000 after purchasing an additional 1,342 shares during the period.

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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