Analysts Anticipate Shutterfly, Inc. (SFLY) to Post -$0.95 EPS

Equities analysts forecast that Shutterfly, Inc. (NASDAQ:SFLY) will post earnings of ($0.95) per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Shutterfly’s earnings. The highest EPS estimate is ($0.92) and the lowest is ($0.98). Shutterfly reported earnings of ($0.84) per share during the same quarter last year, which would suggest a negative year over year growth rate of 13.1%. The firm is expected to issue its next earnings report on Tuesday, April 24th.

On average, analysts expect that Shutterfly will report full-year earnings of $2.07 per share for the current financial year, with EPS estimates ranging from $2.01 to $2.11. For the next fiscal year, analysts forecast that the business will report earnings of $2.40 per share, with EPS estimates ranging from $2.37 to $2.43. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Shutterfly.

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Shutterfly (NASDAQ:SFLY) last released its quarterly earnings results on Tuesday, January 30th. The technology company reported $3.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.86 by $0.25. The firm had revenue of $593.80 million during the quarter, compared to analyst estimates of $556.40 million. Shutterfly had a return on equity of 6.99% and a net margin of 2.53%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.63 EPS.

Several research firms have recently commented on SFLY. BidaskClub lowered Shutterfly from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 3rd. ValuEngine raised Shutterfly from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. Robert W. Baird boosted their price target on Shutterfly to $85.00 and gave the stock a “neutral” rating in a research report on Friday, April 6th. Zacks Investment Research lowered Shutterfly from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. Finally, Aegis reissued a “buy” rating and issued a $73.00 price target on shares of Shutterfly in a research report on Sunday, February 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Shutterfly currently has a consensus rating of “Hold” and a consensus price target of $61.25.

In related news, CMO John Boris sold 6,104 shares of the business’s stock in a transaction on Saturday, May 19th. The stock was sold at an average price of $37.75, for a total transaction of $230,426.00. Following the transaction, the chief marketing officer now directly owns 26,082 shares in the company, valued at approximately $984,595.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Christopher North sold 170,000 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $67.76, for a total value of $11,519,200.00. Following the transaction, the chief executive officer now owns 97,394 shares in the company, valued at $6,599,417.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 301,082 shares of company stock worth $21,549,580. 0.80% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Bamco Inc. NY purchased a new position in Shutterfly during the 3rd quarter worth $36,360,000. Schwab Charles Investment Management Inc. grew its stake in Shutterfly by 8.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 225,375 shares of the technology company’s stock worth $10,927,000 after buying an additional 18,114 shares during the last quarter. Spark Investment Management LLC purchased a new position in Shutterfly during the 4th quarter worth $1,194,000. Penserra Capital Management LLC grew its stake in Shutterfly by 136.4% during the 4th quarter. Penserra Capital Management LLC now owns 128,714 shares of the technology company’s stock worth $6,403,000 after buying an additional 74,277 shares during the last quarter. Finally, Gardner Lewis Asset Management L P grew its stake in Shutterfly by 21.3% during the 4th quarter. Gardner Lewis Asset Management L P now owns 31,308 shares of the technology company’s stock worth $1,558,000 after buying an additional 5,493 shares during the last quarter.

Shares of SFLY traded up $0.09 during trading hours on Monday, hitting $82.06. The company had a trading volume of 1,112,610 shares, compared to its average volume of 1,104,742. The firm has a market cap of $2,665.41, a price-to-earnings ratio of 78.15 and a beta of 0.87. The company has a current ratio of 1.40, a quick ratio of 1.38 and a debt-to-equity ratio of 0.53. Shutterfly has a one year low of $39.76 and a one year high of $86.41.

Shutterfly declared that its Board of Directors has authorized a stock buyback program on Tuesday, January 30th that allows the company to buyback outstanding shares. This buyback authorization allows the technology company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors 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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