-$0.54 Earnings Per Share Expected for Shutterfly, Inc. (SFLY) This Quarter

Equities research analysts predict that Shutterfly, Inc. (NASDAQ:SFLY) will report earnings per share (EPS) of ($0.54) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Shutterfly’s earnings, with the lowest EPS estimate coming in at ($0.55) and the highest estimate coming in at ($0.53). Shutterfly posted earnings per share of ($0.48) during the same quarter last year, which suggests a negative year-over-year growth rate of 12.5%. The business is scheduled to announce its next earnings report on Wednesday, July 26th.

According to Zacks, analysts expect that Shutterfly will report full year earnings of $0.58 per share for the current fiscal year, with EPS estimates ranging from $0.44 to $0.73. For the next year, analysts expect that the business will report earnings of $1.47 per share, with EPS estimates ranging from $1.13 to $1.61. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Shutterfly.

Shutterfly (NASDAQ:SFLY) last announced its quarterly earnings results on Tuesday, April 25th. The technology company reported ($0.84) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.03) by $0.19. Shutterfly had a net margin of 1.06% and a return on equity of 3.29%. The firm had revenue of $191.97 million during the quarter, compared to the consensus estimate of $187.34 million. During the same quarter last year, the firm earned ($0.85) EPS. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year.

Several analysts have recently weighed in on SFLY shares. TheStreet cut shares of Shutterfly from a “b” rating to a “c” rating in a research note on Monday, March 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $50.00 price target on shares of Shutterfly in a research note on Monday, March 13th. BidaskClub cut shares of Shutterfly from a “hold” rating to a “sell” rating in a research note on Saturday, June 10th. Royal Bank Of Canada increased their price target on shares of Shutterfly from $54.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. Finally, Aegis reissued a “buy” rating and issued a $57.00 price target on shares of Shutterfly in a research note on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $53.50.

COPYRIGHT VIOLATION NOTICE: “-$0.54 Earnings Per Share Expected for Shutterfly, Inc. (SFLY) This Quarter” was reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/2655903/0-54-earnings-per-share-expected-for-shutterfly-inc-sfly-this-quarter.html.

Shares of Shutterfly (NASDAQ SFLY) traded down 0.51% on Thursday, hitting $48.46. 110,405 shares of the company were exchanged. The firm’s 50-day moving average is $50.41 and its 200-day moving average is $49.29. Shutterfly has a 52-week low of $41.91 and a 52-week high of $54.60. The stock has a market capitalization of $1.64 billion, a PE ratio of 138.85 and a beta of 0.90.

In other news, CEO Christopher North sold 27,606 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $49.66, for a total value of $1,370,913.96. Following the transaction, the chief executive officer now directly owns 40,000 shares in the company, valued at approximately $1,986,400. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William J. Lansing acquired 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The stock was bought at an average price of $52.02 per share, for a total transaction of $1,040,400.00. Following the completion of the acquisition, the director now owns 20,000 shares in the company, valued at approximately $1,040,400. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 54,935 shares of company stock worth $2,700,506. Company insiders own 5.70% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. bought a new position in shares of Shutterfly during the fourth quarter valued at approximately $9,857,000. Cipher Capital LP raised its stake in Shutterfly by 120.6% in the fourth quarter. Cipher Capital LP now owns 47,913 shares of the technology company’s stock worth $2,404,000 after buying an additional 26,192 shares during the period. State Street Corp raised its stake in Shutterfly by 0.3% in the fourth quarter. State Street Corp now owns 752,502 shares of the technology company’s stock worth $37,755,000 after buying an additional 2,280 shares during the period. Dimensional Fund Advisors LP raised its stake in Shutterfly by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,207,921 shares of the technology company’s stock worth $60,613,000 after buying an additional 17,627 shares during the period. Finally, Martingale Asset Management L P raised its stake in Shutterfly by 1.3% in the fourth quarter. Martingale Asset Management L P now owns 76,212 shares of the technology company’s stock worth $3,825,000 after buying an additional 966 shares during the period. Hedge funds and other institutional investors own 98.67% of the company’s stock.

About Shutterfly

Shutterfly, Inc is an online manufacturer and retailer of personalized products and services. The Company focuses on helping consumers manage their memories through the medium of photography. The Company’s segments are Consumer and Shutterfly Business Solutions (SBS). The Consumer segment offers photo-based products, such as photo books, stationery and greeting cards, other photo-based merchandise, photo prints and statement gifts.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SFLY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Get a free copy of the Zacks research report on Shutterfly (SFLY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Shutterfly Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shutterfly Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
President Trump Hurting Tourism in the U.S.
President Trump Hurting Tourism in the U.S.
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Blue Apron Filed Thursday for Public Offering
Blue Apron Filed Thursday for Public Offering
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Large Auto Lender Checked Just 8% of Incomes for Applicants
Large Auto Lender Checked Just 8% of Incomes for Applicants


Leave a Reply

© 2006-2017 Ticker Report. Google+.