Analysts Anticipate Shutterfly, Inc. (SFLY) Will Post Quarterly Sales of $323.17 Million

Analysts forecast that Shutterfly, Inc. (NASDAQ:SFLY) will report sales of $323.17 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Shutterfly’s earnings. The lowest sales estimate is $322.20 million and the highest is $323.94 million. Shutterfly reported sales of $199.73 million in the same quarter last year, which indicates a positive year over year growth rate of 61.8%. The company is expected to issue its next quarterly earnings report on Tuesday, May 7th.

According to Zacks, analysts expect that Shutterfly will report full-year sales of $2.15 billion for the current fiscal year, with estimates ranging from $2.14 billion to $2.16 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $2.23 billion, with estimates ranging from $2.18 billion to $2.30 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Shutterfly.

Shutterfly (NASDAQ:SFLY) last announced its quarterly earnings data on Tuesday, February 5th. The technology company reported $5.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $5.28 by ($0.09). Shutterfly had a net margin of 2.57% and a return on equity of 18.78%. The firm had revenue of $949.97 million during the quarter, compared to the consensus estimate of $951.60 million. During the same quarter in the prior year, the firm posted $3.11 earnings per share. The company’s revenue was up 60.0% on a year-over-year basis.



Several equities research analysts have recently weighed in on the company. BidaskClub cut Shutterfly from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 13th. KeyCorp assumed coverage on Shutterfly in a research report on Friday, November 9th. They set a “sector weight” rating on the stock. Robert W. Baird decreased their price target on Shutterfly from $70.00 to $55.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 12th. ValuEngine upgraded Shutterfly from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Goldman Sachs Group assumed coverage on Shutterfly in a research report on Monday, February 4th. They set a “sell” rating and a $40.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Shutterfly currently has an average rating of “Hold” and an average target price of $70.40.

Shares of SFLY opened at $46.26 on Tuesday. Shutterfly has a twelve month low of $35.08 and a twelve month high of $100.34. The stock has a market cap of $1.52 billion, a PE ratio of 15.17, a P/E/G ratio of 2.78 and a beta of 1.49. The company has a current ratio of 1.80, a quick ratio of 1.76 and a debt-to-equity ratio of 1.62.

In related news, SVP Satish Menon sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $48.09, for a total value of $1,202,250.00. Following the transaction, the senior vice president now directly owns 12,448 shares in the company, valued at $598,624.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Lisa Blackwood-Kapral sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $40.09, for a total transaction of $30,067.50. Following the completion of the transaction, the insider now owns 750 shares in the company, valued at $30,067.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,012 shares of company stock worth $1,242,868. 1.30% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of SFLY. Oppenheimer Asset Management Inc. bought a new position in shares of Shutterfly in the fourth quarter worth approximately $137,000. Point72 Hong Kong Ltd bought a new position in shares of Shutterfly in the third quarter worth approximately $149,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Shutterfly by 11.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,269 shares of the technology company’s stock worth $172,000 after buying an additional 429 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Shutterfly by 1,095.5% in the third quarter. Tower Research Capital LLC TRC now owns 3,431 shares of the technology company’s stock worth $226,000 after buying an additional 3,144 shares in the last quarter. Finally, Xact Kapitalforvaltning AB boosted its stake in Shutterfly by 25.9% in the fourth quarter. Xact Kapitalforvaltning AB now owns 5,837 shares of the technology company’s stock worth $235,000 after buying an additional 1,200 shares in the last quarter.

About Shutterfly

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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