Zacks: Analysts Expect Stamps.com Inc. (STMP) Will Announce Quarterly Sales of $107.59 Million
Wall Street analysts expect Stamps.com Inc. (NASDAQ:STMP) to report sales of $107.59 million for the current quarter, Zacks reports. Four analysts have provided estimates for Stamps.com’s earnings, with the lowest sales estimate coming in at $101.73 million and the highest estimate coming in at $111.76 million. Stamps.com reported sales of $92.56 million in the same quarter last year, which indicates a positive year over year growth rate of 16.2%. The company is expected to report its next quarterly earnings report on Thursday, November 2nd.
On average, analysts expect that Stamps.com will report full-year sales of $107.59 million for the current year, with estimates ranging from $448.23 million to $457.98 million. For the next financial year, analysts expect that the business will post sales of $514.91 million per share, with estimates ranging from $475.77 million to $539.94 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Stamps.com.
Stamps.com (NASDAQ:STMP) last released its quarterly earnings data on Wednesday, August 2nd. The software maker reported $1.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.36. The company had revenue of $116.14 million during the quarter, compared to analysts’ expectations of $99.29 million. Stamps.com had a return on equity of 34.46% and a net margin of 26.66%. The business’s revenue was up 38.2% on a year-over-year basis. During the same period last year, the firm posted $1.94 earnings per share.
A number of equities research analysts have recently issued reports on STMP shares. ValuEngine raised shares of Stamps.com from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. B. Riley reissued a “buy” rating and set a $210.00 price objective on shares of Stamps.com in a research report on Sunday, May 7th. Sidoti reissued a “buy” rating and set a $182.00 price objective on shares of Stamps.com in a research report on Thursday, July 6th. Zacks Investment Research raised shares of Stamps.com from a “hold” rating to a “buy” rating and set a $166.00 price objective for the company in a research report on Friday, June 23rd. Finally, Craig Hallum reissued a “buy” rating and set a $210.00 price objective (up previously from $170.00) on shares of Stamps.com in a research report on Thursday, August 3rd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $196.00.
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Shares of Stamps.com (NASDAQ:STMP) opened at 193.00 on Monday. Stamps.com has a 12-month low of $84.87 and a 12-month high of $220.25. The company’s 50-day moving average price is $176.48 and its 200 day moving average price is $139.36. The firm has a market capitalization of $3.26 billion, a PE ratio of 31.21 and a beta of 0.01.
Stamps.com announced that its Board of Directors has approved a stock repurchase program on Wednesday, May 3rd that authorizes the company to repurchase $90.00 million in outstanding shares. This repurchase authorization authorizes the software maker to reacquire up to 4.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
In other news, insider Amine Khechfe sold 1,200 shares of the business’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $137.85, for a total value of $165,420.00. Following the sale, the insider now directly owns 1,372 shares in the company, valued at approximately $189,130.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mohan P. Ananda sold 40,000 shares of the business’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $144.41, for a total transaction of $5,776,400.00. Following the completion of the sale, the director now owns 726,524 shares in the company, valued at $104,917,330.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 149,600 shares of company stock worth $27,383,960. Corporate insiders own 11.08% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Riverhead Capital Management LLC increased its stake in Stamps.com by 66.5% in the second quarter. Riverhead Capital Management LLC now owns 666 shares of the software maker’s stock worth $103,000 after buying an additional 266 shares during the period. Victory Capital Management Inc. purchased a new position in shares of Stamps.com during the first quarter valued at approximately $104,000. TrimTabs Asset Management LLC increased its position in shares of Stamps.com by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,071 shares of the software maker’s stock valued at $127,000 after buying an additional 504 shares during the last quarter. LS Investment Advisors LLC increased its position in shares of Stamps.com by 83.1% in the first quarter. LS Investment Advisors LLC now owns 1,093 shares of the software maker’s stock valued at $129,000 after buying an additional 496 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Stamps.com by 11.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 883 shares of the software maker’s stock valued at $137,000 after buying an additional 92 shares during the last quarter.
Stamps.com Company Profile
Stamps.com Inc is a provider of Internet-based mailing and shipping solutions in the United States. The Company offers mailing and shipping products and services to its customers under the Stamps.com, Endicia, ShipStation, ShipWorks and ShippingEasy brands. It operates through the Internet Mailing and Shipping Services segment.
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