$385.28 Million in Sales Expected for Shutterfly, Inc. (NASDAQ:SFLY) This Quarter

Analysts expect Shutterfly, Inc. (NASDAQ:SFLY) to report $385.28 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Shutterfly’s earnings. The lowest sales estimate is $383.24 million and the highest is $388.60 million. Shutterfly posted sales of $368.76 million during the same quarter last year, which would suggest a positive year over year growth rate of 4.5%. The business is expected to report its next earnings results on Tuesday, October 29th.

According to Zacks, analysts expect that Shutterfly will report full year sales of $2.17 billion for the current year, with estimates ranging from $2.16 billion to $2.19 billion. For the next financial year, analysts anticipate that the firm will report sales of $2.24 billion, with estimates ranging from $2.23 billion to $2.27 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Shutterfly.

Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings results on Wednesday, August 7th. The technology company reported ($0.23) EPS for the quarter, hitting the consensus estimate of ($0.23). Shutterfly had a net margin of 0.36% and a return on equity of 4.37%. The company had revenue of $473.42 million during the quarter, compared to analysts’ expectations of $475.09 million.

Several research analysts have commented on the stock. Goldman Sachs Group upgraded shares of Shutterfly from a “sell” rating to a “neutral” rating and set a $45.00 price target for the company in a report on Tuesday, June 11th. Aegis cut shares of Shutterfly from a “buy” rating to a “hold” rating in a report on Monday, June 17th. Raymond James cut shares of Shutterfly from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 11th. SunTrust Banks cut shares of Shutterfly from a “buy” rating to a “hold” rating and set a $57.00 target price for the company. in a report on Monday, June 10th. Finally, Zacks Investment Research upgraded shares of Shutterfly from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a report on Wednesday, July 17th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Shutterfly presently has a consensus rating of “Hold” and an average target price of $53.83.

NASDAQ SFLY traded up $0.03 on Tuesday, hitting $50.79. 10,068 shares of the stock were exchanged, compared to its average volume of 724,631. The company has a quick ratio of 1.22, a current ratio of 1.30 and a debt-to-equity ratio of 1.60. Shutterfly has a fifty-two week low of $35.08 and a fifty-two week high of $77.88. The company has a market cap of $1.75 billion, a PE ratio of 16.66 and a beta of 1.25. The company has a 50-day moving average price of $50.63 and a 200-day moving average price of $46.22.

In related news, SVP Dennis Gregory Hintz sold 1,047 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $50.54, for a total value of $52,915.38. Following the completion of the sale, the senior vice president now owns 4,451 shares in the company, valued at approximately $224,953.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Christopher North sold 26,753 shares of the company’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $48.03, for a total transaction of $1,284,946.59. Following the completion of the sale, the chief executive officer now owns 87,327 shares of the company’s stock, valued at approximately $4,194,315.81. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,160 shares of company stock valued at $3,862,303. Company insiders own 2.40% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its position in Shutterfly by 138.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 540 shares of the technology company’s stock worth $27,000 after buying an additional 314 shares during the last quarter. Redhawk Wealth Advisors Inc. purchased a new position in Shutterfly during the 2nd quarter worth $75,000. Public Employees Retirement System of Ohio raised its position in Shutterfly by 12.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,976 shares of the technology company’s stock worth $100,000 after buying an additional 224 shares during the last quarter. Towerview LLC purchased a new position in Shutterfly during the 1st quarter worth $102,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Shutterfly by 48.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,416 shares of the technology company’s stock worth $122,000 after buying an additional 789 shares during the last quarter.

Shutterfly Company Profile

Shutterfly, Inc manufactures and retails personalized products primarily in the United States, Canada, and the European Community. The company operates through three reportable segments: Shutterfly Consumer, Lifetouch, and Shutterfly Business Solutions. The Shutterfly Consumer segment provides products, such as portraits, cards and stationery items, professionally-bound photo books and year books, personalized gifts and home décor products, and calendars and prints; and mugs, ornaments, candles, pillows, and blankets through the Shutterfly, Tiny Prints, and Groovebook domains, as well as rents photographic and video equipment under BorrowLenses brand.

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Earnings History and Estimates for Shutterfly (NASDAQ:SFLY)

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