Shutterfly (SFLY) Releases Q1 Earnings Guidance

Shutterfly (NASDAQ:SFLY) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of ($0.96-0.92) for the period, compared to the Thomson Reuters consensus estimate of ($0.84). The company issued revenue guidance of $190-194 million, compared to the consensus revenue estimate of $200.32 million.Shutterfly also updated its FY18 guidance to $1.94-2.38 EPS.

Shares of Shutterfly (SFLY) traded down $1.60 on Friday, reaching $69.20. 1,291,354 shares of the company’s stock traded hands, compared to its average volume of 1,810,423. The company has a quick ratio of 1.38, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. Shutterfly has a one year low of $39.76 and a one year high of $74.92. The firm has a market capitalization of $2,286.63, a price-to-earnings ratio of 74.41 and a beta of 1.11.

Shutterfly (NASDAQ:SFLY) last announced its quarterly earnings results on Tuesday, January 30th. The technology company reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.25. Shutterfly had a net margin of 2.53% and a return on equity of 6.99%. The company had revenue of $593.80 million for the quarter, compared to the consensus estimate of $556.40 million. During the same quarter in the prior year, the firm earned $2.63 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. sell-side analysts predict that Shutterfly will post 2.09 EPS for the current fiscal year.

Shutterfly announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, January 30th that allows the company to repurchase outstanding shares. This repurchase authorization allows the technology company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Several analysts have issued reports on SFLY shares. Aegis reaffirmed a buy rating and issued a $73.00 price target on shares of Shutterfly in a report on Sunday, February 4th. Goldman Sachs Group downgraded shares of Shutterfly from a neutral rating to a sell rating and set a $46.00 price target on the stock. in a report on Wednesday, January 17th. Zacks Investment Research raised shares of Shutterfly from a sell rating to a hold rating in a report on Thursday, October 26th. SunTrust Banks upped their price target on shares of Shutterfly to $60.00 and gave the company a buy rating in a report on Friday, January 12th. Finally, BidaskClub raised shares of Shutterfly from a sell rating to a hold rating in a research note on Friday, December 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $56.88.

In related news, CEO Christopher North sold 170,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $67.76, for a total transaction of $11,519,200.00. Following the transaction, the chief executive officer now owns 97,394 shares of the company’s stock, valued at $6,599,417.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Lisa Blackwood-Kapral sold 719 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $40.78, for a total transaction of $29,320.82. Following the transaction, the chief accounting officer now directly owns 1,900 shares in the company, valued at approximately $77,482. The disclosure for this sale can be found here. Insiders have sold 196,003 shares of company stock worth $12,620,221 in the last three months. Insiders own 0.80% of the company’s stock.

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Shutterfly Company Profile

Shutterfly, Inc is an online manufacturer and retailer of personalized products and services. The Company focuses on helping consumers manage their memories through the medium of photography. The Company’s segments are Consumer and Shutterfly Business Solutions (SBS). The Consumer segment offers photo-based products, such as photo books, stationery and greeting cards, other photo-based merchandise, photo prints and statement gifts.

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