$10.38 Million in Sales Expected for Shotspotter Inc (SSTI) This Quarter

Wall Street brokerages expect Shotspotter Inc (NASDAQ:SSTI) to announce sales of $10.38 million for the current quarter, Zacks reports. Six analysts have issued estimates for Shotspotter’s earnings. The highest sales estimate is $10.50 million and the lowest is $10.27 million. Shotspotter posted sales of $8.93 million in the same quarter last year, which suggests a positive year over year growth rate of 16.2%. The company is scheduled to report its next quarterly earnings results on Thursday, August 1st.

According to Zacks, analysts expect that Shotspotter will report full year sales of $44.83 million for the current fiscal year, with estimates ranging from $44.48 million to $45.06 million. For the next financial year, analysts anticipate that the business will post sales of $60.38 million, with estimates ranging from $57.20 million to $63.49 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Shotspotter.

Shotspotter (NASDAQ:SSTI) last released its earnings results on Thursday, May 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.03). The company had revenue of $9.59 million during the quarter, compared to analyst estimates of $9.77 million. Shotspotter had a negative return on equity of 9.63% and a negative net margin of 4.99%. The company’s revenue for the quarter was up 38.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.12) earnings per share.

SSTI has been the subject of a number of research analyst reports. Zacks Investment Research lowered Shotspotter from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. BidaskClub upgraded Shotspotter from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Imperial Capital upgraded Shotspotter from an “in-line” rating to an “outperform” rating and set a $49.00 target price for the company in a report on Wednesday, May 15th. Dougherty & Co lowered Shotspotter from a “buy” rating to a “neutral” rating in a report on Friday, May 10th. Finally, Robert W. Baird increased their target price on Shotspotter from $41.00 to $58.00 and gave the company a “positive” rating in a report on Wednesday, February 20th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $52.89.

SSTI opened at $45.25 on Friday. The firm has a market capitalization of $512.28 million, a PE ratio of -174.04, a price-to-earnings-growth ratio of 14.81 and a beta of 2.99. Shotspotter has a 12-month low of $26.55 and a 12-month high of $66.14.

In related news, CFO Alan R. Stewart sold 2,029 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $46.87, for a total transaction of $95,099.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Robert Samuel Klepper sold 746 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $45.45, for a total value of $33,905.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,785 shares of company stock valued at $1,187,738. 36.10% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of SSTI. Bank of New York Mellon Corp increased its position in Shotspotter by 24.4% during the third quarter. Bank of New York Mellon Corp now owns 22,303 shares of the company’s stock worth $1,366,000 after buying an additional 4,376 shares during the last quarter. JPMorgan Chase & Co. increased its position in Shotspotter by 77.8% during the third quarter. JPMorgan Chase & Co. now owns 50,148 shares of the company’s stock worth $3,073,000 after buying an additional 21,940 shares during the last quarter. Morgan Stanley increased its position in Shotspotter by 22.2% during the third quarter. Morgan Stanley now owns 25,424 shares of the company’s stock worth $1,558,000 after buying an additional 4,623 shares during the last quarter. Vanguard Group Inc. increased its position in Shotspotter by 26.6% during the third quarter. Vanguard Group Inc. now owns 303,946 shares of the company’s stock worth $18,629,000 after buying an additional 63,857 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in Shotspotter by 10.5% during the third quarter. Teachers Advisors LLC now owns 15,351 shares of the company’s stock worth $941,000 after buying an additional 1,453 shares during the last quarter. 62.67% of the stock is currently owned by hedge funds and other institutional investors.

About Shotspotter

ShotSpotter, Inc provides precision-policing and security solutions for law enforcement and security personnel in the United States and South Africa. Its solutions include ShotSpotter Flex, a public safety solution, which serves cities and municipalities to identify, locate, and deter gun violence by incorporating a real-time gunshot detection system into their policing systems; and ShotSpotter Missions, a cloud-based patrol management solution to help police departments plan patrol missions and tactics for crime deterrence.

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Earnings History and Estimates for Shotspotter (NASDAQ:SSTI)

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