Shutterfly (SFLY) Updates Q1 Earnings Guidance

Shutterfly (NASDAQ:SFLY) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $(2.59)-(2.49) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($2.18). The company issued revenue guidance of $317-328 million, compared to the consensus revenue estimate of $331.13 million.Shutterfly also updated its FY 2019 guidance to $0.55-1.06 EPS.

Several research analysts have commented on the company. Zacks Investment Research downgraded Shutterfly from a hold rating to a sell rating in a research report on Tuesday, January 15th. ValuEngine downgraded Shutterfly from a buy rating to a hold rating in a research report on Thursday, November 15th. SunTrust Banks reissued a buy rating and set a $90.00 price objective on shares of Shutterfly in a report on Wednesday, November 14th. BidaskClub raised Shutterfly from a sell rating to a hold rating in a report on Friday, January 25th. Finally, Robert W. Baird decreased their price objective on Shutterfly from $70.00 to $55.00 and set a neutral rating on the stock in a report on Wednesday, December 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $70.40.

Shares of NASDAQ:SFLY traded up $0.25 during trading on Tuesday, hitting $45.22. 1,620,287 shares of the stock were exchanged, compared to its average volume of 779,744. Shutterfly has a 1-year low of $35.08 and a 1-year high of $100.34. The firm has a market capitalization of $1.51 billion, a PE ratio of 43.07, a PEG ratio of 0.85 and a beta of 1.49. The company has a current ratio of 1.39, a quick ratio of 1.34 and a debt-to-equity ratio of 2.24.

Shutterfly (NASDAQ:SFLY) last announced its quarterly earnings data on Tuesday, February 5th. The technology company reported $5.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.13 by $0.06. Shutterfly had a positive return on equity of 4.09% and a negative net margin of 0.97%. The company had revenue of $949.97 million for the quarter, compared to analyst estimates of $951.60 million. During the same quarter last year, the firm earned $3.11 EPS. Shutterfly’s revenue for the quarter was up 60.0% compared to the same quarter last year. On average, sell-side analysts predict that Shutterfly will post 3 EPS for the current year.

In related news, SVP Satish Menon sold 25,000 shares of the business’s stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $48.09, for a total value of $1,202,250.00. Following the sale, the senior vice president now owns 12,448 shares of the company’s stock, valued at approximately $598,624.32. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Lisa Blackwood-Kapral sold 750 shares of the business’s stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $40.09, for a total value of $30,067.50. Following the completion of the sale, the insider now directly owns 750 shares in the company, valued at approximately $30,067.50. The disclosure for this sale can be found here. Insiders have sold a total of 26,012 shares of company stock worth $1,242,868 in the last three months. 1.30% of the stock is owned by insiders.

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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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