Stamps.com Inc. (NASDAQ:STMP) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided EPS guidance of $7.50-8.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.32. The company issued revenue guidance of $435-460 million, compared to the consensus revenue estimate of $426.40 million.
Shares of Stamps.com Inc. (NASDAQ:STMP) traded up 0.96% during trading on Monday, reaching $210.65. 454,898 shares of the company’s stock were exchanged. Stamps.com Inc. has a 12-month low of $84.52 and a 12-month high of $220.25. The company has a market capitalization of $3.56 billion, a P/E ratio of 34.07 and a beta of 0.01. The stock has a 50-day moving average price of $162.72 and a 200 day moving average price of $134.18.
Stamps.com (NASDAQ:STMP) last issued its earnings results on Wednesday, August 2nd. The software maker reported $1.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.36. Stamps.com had a return on equity of 34.46% and a net margin of 26.66%. The company had revenue of $116.14 million during the quarter, compared to the consensus estimate of $99.29 million. During the same quarter in the prior year, the business earned $1.94 earnings per share. The company’s revenue was up 38.2% compared to the same quarter last year. Equities analysts expect that Stamps.com Inc. will post $8.05 EPS for the current fiscal year.
Stamps.com announced that its Board of Directors has authorized a stock buyback program on Wednesday, May 3rd that authorizes the company to repurchase $90.00 million in shares. This repurchase authorization authorizes the software maker to buy up to 4.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
A number of research analysts recently commented on the company. B. Riley reissued a buy rating and issued a $250.00 price target on shares of Stamps.com in a report on Tuesday, August 8th. Craig Hallum reissued a buy rating and issued a $210.00 price target (up previously from $170.00) on shares of Stamps.com in a report on Thursday, August 3rd. Roth Capital increased their price target on Stamps.com from $166.00 to $203.00 and gave the company a buy rating in a report on Thursday, August 3rd. Zacks Investment Research downgraded Stamps.com from a buy rating to a hold rating in a report on Thursday, June 22nd. Finally, Sidoti reissued a buy rating and issued a $182.00 price target on shares of Stamps.com in a report on Thursday, July 6th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $192.67.
In other news, insider Amine Khechfe sold 1,200 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $137.85, for a total transaction of $165,420.00. Following the sale, the insider now directly owns 1,372 shares in the company, valued at approximately $189,130.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mohan P. Ananda sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $144.41, for a total value of $5,776,400.00. Following the completion of the sale, the director now owns 726,524 shares in the company, valued at $104,917,330.84. The disclosure for this sale can be found here. Insiders have sold a total of 117,600 shares of company stock worth $20,065,170 over the last quarter. Insiders own 11.08% of the company’s stock.
About Stamps.com
Stamps.com Inc is a provider of Internet-based mailing and shipping solutions in the United States. The Company offers mailing and shipping products and services to its customers under the Stamps.com, Endicia, ShipStation, ShipWorks and ShippingEasy brands. It operates through the Internet Mailing and Shipping Services segment.
Receive News & Ratings for Stamps.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stamps.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
