$474.77 Million in Sales Expected for Shutterfly, Inc. (NASDAQ:SFLY) This Quarter

Brokerages expect Shutterfly, Inc. (NASDAQ:SFLY) to post $474.77 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Shutterfly’s earnings, with estimates ranging from $473.80 million to $476.27 million. Shutterfly reported sales of $443.37 million in the same quarter last year, which indicates a positive year over year growth rate of 7.1%. The business is expected to announce its next quarterly earnings results on Tuesday, August 6th.

According to Zacks, analysts expect that Shutterfly will report full year sales of $2.17 billion for the current financial year, with estimates ranging from $2.16 billion to $2.19 billion. For the next financial year, analysts anticipate that the business will report sales of $2.23 billion, with estimates ranging from $2.20 billion to $2.27 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Shutterfly.

Shutterfly (NASDAQ:SFLY) last released its quarterly earnings results on Thursday, April 25th. The technology company reported ($2.47) EPS for the quarter, beating the consensus estimate of ($2.53) by $0.06. The business had revenue of $324.68 million for the quarter, compared to analyst estimates of $323.12 million. Shutterfly had a negative net margin of 0.29% and a positive return on equity of 8.20%. The company’s quarterly revenue was up 62.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.83) earnings per share.

Several analysts have recently commented on the stock. Aegis lowered shares of Shutterfly from a “buy” rating to a “hold” rating in a research report on Monday, June 17th. BidaskClub lowered shares of Shutterfly from a “hold” rating to a “sell” rating in a research report on Monday, June 24th. SunTrust Banks lowered shares of Shutterfly from a “buy” rating to a “hold” rating and set a $57.00 price target on the stock. in a research report on Monday, June 10th. Raymond James lowered shares of Shutterfly from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 11th. Finally, Goldman Sachs Group upgraded shares of Shutterfly from a “sell” rating to a “neutral” rating and set a $45.00 price target on the stock in a research report on Tuesday, June 11th. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $54.00.

In related news, SVP Tracy Layney sold 21,750 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $50.53, for a total transaction of $1,099,027.50. Following the sale, the senior vice president now owns 21,750 shares in the company, valued at $1,099,027.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Meek sold 941 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $40.46, for a total transaction of $38,072.86. Following the sale, the chief executive officer now owns 3,081 shares in the company, valued at approximately $124,657.26. The disclosure for this sale can be found here. Insiders sold 64,511 shares of company stock worth $3,212,910 over the last quarter. Company insiders own 2.40% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Towerview LLC acquired a new stake in Shutterfly during the first quarter worth approximately $102,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Shutterfly during the fourth quarter worth approximately $139,000. Amalgamated Bank acquired a new stake in Shutterfly during the fourth quarter worth approximately $209,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Shutterfly during the first quarter worth approximately $237,000. Finally, BNP Paribas Arbitrage SA boosted its position in Shutterfly by 879.4% during the first quarter. BNP Paribas Arbitrage SA now owns 7,747 shares of the technology company’s stock worth $315,000 after acquiring an additional 6,956 shares during the last quarter.

SFLY stock opened at $50.55 on Friday. The firm has a 50 day simple moving average of $48.55. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 16.57 and a beta of 1.22. Shutterfly has a 12 month low of $35.08 and a 12 month high of $92.21. The company has a quick ratio of 1.13, a current ratio of 1.20 and a debt-to-equity ratio of 1.61.

About Shutterfly

Shutterfly, Inc manufactures and retails personalized products primarily in the United States, Canada, and the European Community. The company operates through three reportable segments: Shutterfly Consumer, Lifetouch, and Shutterfly Business Solutions. The Shutterfly Consumer segment provides products, such as portraits, cards and stationery items, professionally-bound photo books and year books, personalized gifts and home décor products, and calendars and prints; and mugs, ornaments, candles, pillows, and blankets through the Shutterfly, Tiny Prints, and Groovebook domains, as well as rents photographic and video equipment under BorrowLenses brand.

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Earnings History and Estimates for Shutterfly (NASDAQ:SFLY)

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