Shutterstock (NYSE:SSTK) Releases Earnings Results, Misses Estimates By $0.14 EPS

Shutterstock (NYSE:SSTK) issued its quarterly earnings data on Thursday. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.14), reports. Shutterstock had a return on equity of 12.20% and a net margin of 4.75%. The company had revenue of $166.37 million for the quarter, compared to analyst estimates of $170.54 million. During the same quarter in the prior year, the firm earned $0.59 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Shutterstock updated its FY 2020
Pre-Market guidance to 1.42-1.58 EPS and its FY20 guidance to $1.42-1.58 EPS.

Shares of SSTK stock traded down $0.11 during mid-day trading on Friday, reaching $40.45. The company’s stock had a trading volume of 2,486 shares, compared to its average volume of 138,857. The company’s 50 day simple moving average is $43.76 and its 200-day simple moving average is $39.59. Shutterstock has a 12-month low of $33.26 and a 12-month high of $50.09. The firm has a market capitalization of $1.57 billion, a PE ratio of 46.98, a price-to-earnings-growth ratio of 2.45 and a beta of 1.12.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.68 dividend on an annualized basis and a yield of 1.68%.

A number of brokerages recently issued reports on SSTK. ValuEngine upgraded shares of Shutterstock from a “sell” rating to a “hold” rating in a research report on Friday, December 27th. SunTrust Banks boosted their price target on Shutterstock from $36.00 to $38.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Finally, Zacks Investment Research raised Shutterstock from a “sell” rating to a “hold” rating in a research note on Thursday, January 9th.

Shutterstock Company Profile

Shutterstock, Inc provides digital content, and tools and services in North America, Europe, and internationally. It offers digital imagery services that include licensed photographs, vectors, illustrations, and video clips, which is used in visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications, and video content; and music services comprising music tracks and sound effects that are used to complement digital imagery.

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Earnings History for Shutterstock (NYSE:SSTK)

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