Equities research analysts predict that Stamps.com Inc. (NASDAQ:STMP) will announce $0.77 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Stamps.com’s earnings. The lowest EPS estimate is $0.73 and the highest is $0.80. Stamps.com reported earnings of $2.76 per share in the same quarter last year, which suggests a negative year over year growth rate of 72.1%. The business is expected to report its next earnings results on Wednesday, October 30th.
On average, analysts expect that Stamps.com will report full-year earnings of $4.14 per share for the current year, with EPS estimates ranging from $3.92 to $4.29. For the next fiscal year, analysts anticipate that the business will post earnings of $3.37 per share, with EPS estimates ranging from $1.95 to $5.11. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Stamps.com.
Stamps.com (NASDAQ:STMP) last released its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.68. Stamps.com had a net margin of 17.98% and a return on equity of 21.69%. The business had revenue of $138.77 million during the quarter, compared to analyst estimates of $128.35 million. During the same period in the previous year, the business earned $2.75 EPS. Stamps.com’s revenue was down .6% compared to the same quarter last year.
Several research analysts have commented on the stock. Zacks Investment Research raised shares of Stamps.com from a “sell” rating to a “hold” rating and set a $64.00 price target for the company in a report on Friday, August 9th. BidaskClub raised shares of Stamps.com from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Maxim Group reissued a “hold” rating on shares of Stamps.com in a report on Friday, August 9th. Roth Capital reissued a “sell” rating and issued a $35.00 price target (down from $78.00) on shares of Stamps.com in a report on Thursday, May 9th. Finally, B. Riley downgraded shares of Stamps.com from a “buy” rating to a “neutral” rating and cut their price target for the company from $130.00 to $45.00 in a report on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $55.17.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Okumus Fund Management Ltd. bought a new stake in shares of Stamps.com during the 2nd quarter worth $50,911,000. SQN Investors LP lifted its holdings in shares of Stamps.com by 36.4% during the 1st quarter. SQN Investors LP now owns 817,464 shares of the software maker’s stock worth $66,550,000 after acquiring an additional 218,182 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Stamps.com by 3.2% during the 2nd quarter. Fisher Asset Management LLC now owns 748,584 shares of the software maker’s stock worth $33,888,000 after acquiring an additional 23,004 shares during the last quarter. Simcoe Capital Management LLC bought a new stake in shares of Stamps.com during the 2nd quarter worth $28,427,000. Finally, Nuveen Asset Management LLC bought a new stake in shares of Stamps.com during the 2nd quarter worth $15,353,000. 95.61% of the stock is owned by institutional investors.
NASDAQ:STMP traded down $1.78 during trading hours on Friday, hitting $64.87. The stock had a trading volume of 434,189 shares, compared to its average volume of 773,480. The company has a 50 day simple moving average of $50.65 and a two-hundred day simple moving average of $73.88. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.64 and a quick ratio of 1.64. Stamps.com has a one year low of $32.54 and a one year high of $256.35. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 6.59, a P/E/G ratio of 1.56 and a beta of 1.26.
Stamps.com Inc provides Internet-based mailing and shipping solutions in the United States and Europe. The company offers mailing and shipping solutions to mail and ship various mail pieces and packages through the United States Postal Service (USPS) under the Stamps.com and Endicia brands. Its solutions support various USPS mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, Parcel Select, and others.
Further Reading: How does a security become overbought?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Stamps.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stamps.com and related companies with MarketBeat.com's FREE daily email newsletter.