Shutterfly (SFLY) Issues FY19 Earnings Guidance

Shutterfly (NASDAQ:SFLY) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.55-1.06 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.10. The company issued revenue guidance of $2.13-2.21 billion, compared to the consensus revenue estimate of $2.18 billion.Shutterfly also updated its FY 2019 guidance to $0.55-1.06 EPS.

Shares of SFLY stock traded down $4.64 on Wednesday, hitting $40.58. The stock had a trading volume of 113,824 shares, compared to its average volume of 673,648. The company has a market cap of $1.52 billion, a P/E ratio of 38.64, a P/E/G ratio of 0.86 and a beta of 1.49. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.39 and a quick ratio of 1.34. Shutterfly has a 12-month low of $35.08 and a 12-month high of $100.34.

Shutterfly (NASDAQ:SFLY) last announced its earnings results on Tuesday, February 5th. The technology company reported $5.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $5.28 by ($0.09). The firm had revenue of $949.97 million during the quarter, compared to analysts’ expectations of $951.60 million. Shutterfly had a negative net margin of 0.97% and a positive return on equity of 4.09%. The business’s revenue for the quarter was up 60.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.11 EPS. As a group, research analysts expect that Shutterfly will post 3 earnings per share for the current fiscal year.

SFLY has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Shutterfly from a hold rating to a sell rating in a report on Monday, January 28th. Robert W. Baird lowered their target price on shares of Shutterfly from $70.00 to $55.00 and set a neutral rating for the company in a report on Wednesday, December 12th. BidaskClub upgraded shares of Shutterfly from a strong sell rating to a sell rating in a report on Saturday, January 5th. Goldman Sachs Group initiated coverage on shares of Shutterfly in a report on Monday. They issued a sell rating and a $40.00 target price for the company. Finally, SunTrust Banks reiterated a buy rating and issued a $90.00 target price on shares of Shutterfly in a report on Wednesday, November 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $70.40.

In related news, insider Lisa Blackwood-Kapral sold 750 shares of the firm’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $40.09, for a total transaction of $30,067.50. Following the completion of the sale, the insider now owns 750 shares in the company, valued at $30,067.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Satish Menon sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $48.09, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold 26,012 shares of company stock valued at $1,242,868 in the last 90 days. 1.30% of the stock is currently owned by corporate 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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