Shutterfly, Inc. (SFLY) Expected to Announce Quarterly Sales of $191.79 Million

Wall Street analysts expect that Shutterfly, Inc. (NASDAQ:SFLY) will report $191.79 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Shutterfly’s earnings, with the lowest sales estimate coming in at $190.80 million and the highest estimate coming in at $193.47 million. Shutterfly reported sales of $191.97 million during the same quarter last year, which indicates a negative year-over-year growth rate of 0.1%. The business is scheduled to issue its next quarterly earnings report on Tuesday, April 24th.

On average, analysts expect that Shutterfly will report full year sales of $191.79 million for the current fiscal year, with estimates ranging from $1.23 billion to $1.25 billion. For the next financial year, analysts forecast that the company will post sales of $1.34 billion per share, with estimates ranging from $1.33 billion to $1.34 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Shutterfly.

Shutterfly (NASDAQ:SFLY) last issued its quarterly earnings data on Tuesday, January 30th. The technology company reported $3.11 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.25. Shutterfly had a net margin of 2.53% and a return on equity of 6.99%. The company had revenue of $593.80 million for the quarter, compared to analysts’ expectations of $556.40 million. During the same quarter in the previous year, the firm posted $2.63 earnings per share. Shutterfly’s revenue for the quarter was up 5.8% on a year-over-year basis.

SFLY has been the topic of several analyst reports. Aegis reissued a “buy” rating and issued a $57.00 price objective on shares of Shutterfly in a research note on Wednesday, December 27th. SunTrust Banks boosted their price objective on shares of Shutterfly to $60.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. Zacks Investment Research raised shares of Shutterfly from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Goldman Sachs Group lowered shares of Shutterfly from a “neutral” rating to a “sell” rating and set a $46.00 target price on the stock. in a report on Wednesday, January 17th. Finally, BidaskClub upgraded shares of Shutterfly from a “hold” rating to a “buy” rating in a report on Saturday, February 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $56.88.

In related news, CFO Michael W. Pope sold 5,875 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $74.47, for a total value of $437,511.25. Following the transaction, the chief financial officer now owns 5,875 shares in the company, valued at $437,511.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Satish Menon sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $42.30, for a total transaction of $1,057,500.00. Following the completion of the transaction, the senior vice president now owns 38,221 shares in the company, valued at approximately $1,616,748.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 202,716 shares of company stock worth $13,144,159. 0.80% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC acquired a new position in shares of Shutterfly during the fourth quarter valued at about $751,000. Vident Investment Advisory LLC acquired a new position in shares of Shutterfly during the fourth quarter valued at about $566,000. PEAK6 Investments L.P. acquired a new position in shares of Shutterfly during the fourth quarter valued at about $755,000. Millennium Management LLC raised its holdings in shares of Shutterfly by 360.3% during the fourth quarter. Millennium Management LLC now owns 39,857 shares of the technology company’s stock valued at $1,983,000 after purchasing an additional 31,199 shares during the period. Finally, Engine Capital Management LLC acquired a new position in shares of Shutterfly during the fourth quarter valued at about $5,498,000.

Shares of Shutterfly (NASDAQ:SFLY) opened at $75.03 on Monday. The company has a quick ratio of 1.38, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. Shutterfly has a one year low of $39.76 and a one year high of $75.36. The firm has a market cap of $2,423.24, a price-to-earnings ratio of 80.68 and a beta of 1.11.

Shutterfly declared that its board has initiated a stock repurchase plan on Tuesday, January 30th that permits the company to repurchase outstanding shares. This repurchase authorization permits the technology company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

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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.

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