Q3 2018 Earnings Estimate for Shutterfly, Inc. (SFLY) Issued By SunTrust Banks

Shutterfly, Inc. (NASDAQ:SFLY) – Stock analysts at SunTrust Banks lifted their Q3 2018 earnings per share (EPS) estimates for shares of Shutterfly in a research note issued on Wednesday, October 17th. SunTrust Banks analyst Y. Squali now expects that the technology company will post earnings per share of ($2.44) for the quarter, up from their previous forecast of ($2.48). SunTrust Banks currently has a “Buy” rating and a $100.00 price objective on the stock. SunTrust Banks also issued estimates for Shutterfly’s Q4 2018 earnings at $5.96 EPS, FY2020 earnings at $4.01 EPS, FY2021 earnings at $4.53 EPS and FY2022 earnings at $5.00 EPS.

A number of other analysts have also recently issued reports on SFLY. ValuEngine cut shares of Shutterfly from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 2nd. Zacks Investment Research cut shares of Shutterfly from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Robert W. Baird increased their price objective on shares of Shutterfly from $85.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, July 6th. BidaskClub cut shares of Shutterfly from a “hold” rating to a “sell” rating in a research note on Saturday, July 7th. Finally, TheStreet cut shares of Shutterfly from a “b-” rating to a “c+” rating in a research note on Tuesday, September 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $92.80.

Shares of NASDAQ SFLY opened at $61.38 on Friday. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.72 and a quick ratio of 1.66. The firm has a market capitalization of $2.12 billion, a PE ratio of 58.46, a PEG ratio of 0.98 and a beta of 0.95. Shutterfly has a 1 year low of $39.76 and a 1 year high of $100.34.

Shutterfly (NASDAQ:SFLY) last announced its quarterly earnings data on Tuesday, August 7th. The technology company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.43) by $0.96. The firm had revenue of $443.37 million during the quarter, compared to analysts’ expectations of $438.30 million. Shutterfly had a net margin of 2.26% and a return on equity of 13.03%.

Several large investors have recently modified their holdings of the stock. United Services Automobile Association boosted its position in shares of Shutterfly by 14.2% during the second quarter. United Services Automobile Association now owns 5,904 shares of the technology company’s stock worth $532,000 after acquiring an additional 732 shares during the last quarter. Northern Trust Corp boosted its position in shares of Shutterfly by 3.5% during the second quarter. Northern Trust Corp now owns 432,912 shares of the technology company’s stock worth $38,974,000 after acquiring an additional 14,590 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Shutterfly by 55.7% during the second quarter. Public Employees Retirement System of Ohio now owns 16,920 shares of the technology company’s stock worth $1,523,000 after acquiring an additional 6,050 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of Shutterfly during the second quarter worth $10,663,000. Finally, Verition Fund Management LLC bought a new position in shares of Shutterfly during the second quarter worth $1,669,000.

In related news, SVP Scott Arnold sold 9,868 shares of the company’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $65.75, for a total transaction of $648,821.00. Following the completion of the transaction, the senior vice president now owns 9,868 shares in the company, valued at $648,821. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Ishantha Lokuge sold 3,740 shares of the company’s stock in a transaction on Monday, October 15th. The stock was sold at an average price of $61.45, for a total transaction of $229,823.00. Following the transaction, the senior vice president now owns 7,500 shares of the company’s stock, valued at approximately $460,875. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,264 shares of company stock valued at $2,555,105. 0.80% of the stock is owned by company insiders.

Shutterfly Company Profile

Shutterfly, Inc manufactures and retails personalized products and services primarily in the United States, Canada, and the European Community. The company operates through Consumer and Shutterfly Business Solutions segments. It offers a range of personalized photo-based products and services that enable consumers to upload, edit, enhance, organize, find, share, create, print, and preserve their memories.

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Earnings History and Estimates for Shutterfly (NASDAQ:SFLY)

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