Wall Street analysts expect that Shutterstock Inc (NYSE:SSTK) will report sales of $149.30 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Shutterstock’s earnings, with the lowest sales estimate coming in at $148.92 million and the highest estimate coming in at $149.68 million. Shutterstock reported sales of $161.74 million during the same quarter last year, which indicates a negative year over year growth rate of 7.7%. The firm is scheduled to issue its next earnings results before the market opens on Tuesday, July 28th.

According to Zacks, analysts expect that Shutterstock will report full-year sales of $629.38 million for the current fiscal year, with estimates ranging from $626.41 million to $632.34 million. For the next fiscal year, analysts anticipate that the business will report sales of $666.10 million, with estimates ranging from $662.92 million to $669.27 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Shutterstock.

Shutterstock (NYSE:SSTK) last posted its quarterly earnings results on Tuesday, April 28th. The business services provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. Shutterstock had a net margin of 2.61% and a return on equity of 6.95%. The business had revenue of $161.29 million during the quarter, compared to analyst estimates of $166.86 million. During the same quarter in the previous year, the business posted $0.35 EPS. The company’s quarterly revenue was down 1.3% compared to the same quarter last year.

A number of research analysts have recently issued reports on SSTK shares. SunTrust Banks cut their price objective on shares of Shutterstock from $38.00 to $37.00 and set a “hold” rating on the stock in a research report on Friday, April 24th. Zacks Investment Research raised shares of Shutterstock from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Saturday, May 30th.

In other Shutterstock news, Director Jonathan Oringer sold 13,356 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $37.39, for a total transaction of $499,380.84. Following the sale, the director now owns 16,240,365 shares of the company’s stock, valued at approximately $607,227,247.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders sold 46,523 shares of company stock worth $1,752,266. Insiders own 46.60% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. State Street Corp lifted its stake in Shutterstock by 8.5% during the 1st quarter. State Street Corp now owns 633,044 shares of the business services provider’s stock valued at $20,359,000 after acquiring an additional 49,848 shares during the period. Royal Bank of Canada lifted its stake in Shutterstock by 229.8% during the 1st quarter. Royal Bank of Canada now owns 7,351 shares of the business services provider’s stock valued at $236,000 after acquiring an additional 5,122 shares during the period. Van Berkom & Associates Inc. lifted its stake in Shutterstock by 18.5% during the 1st quarter. Van Berkom & Associates Inc. now owns 1,727,348 shares of the business services provider’s stock valued at $55,552,000 after acquiring an additional 269,587 shares during the period. Advisor Group Holdings Inc. acquired a new stake in Shutterstock during the 1st quarter valued at approximately $50,000. Finally, Tower Research Capital LLC TRC acquired a new stake in Shutterstock during the 1st quarter valued at approximately $89,000. 55.51% of the stock is currently owned by institutional investors.

Shares of NYSE:SSTK traded up $0.44 during trading hours on Wednesday, hitting $36.58. The company’s stock had a trading volume of 198,900 shares, compared to its average volume of 233,425. Shutterstock has a 52 week low of $28.76 and a 52 week high of $45.98. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 77.83, a P/E/G ratio of 2.52 and a beta of 1.24. The firm’s fifty day moving average price is $36.40 and its 200 day moving average price is $38.52.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date was Wednesday, June 3rd. Shutterstock’s payout ratio is currently 91.89%.

About Shutterstock

Shutterstock, Inc provides digital content, and tools and services in North America, Europe, and internationally. It offers digital imagery services that include licensed photographs, vectors, illustrations, and video clips, which is used in visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications, and video content; and music services comprising music tracks and sound effects that are used to complement digital imagery.

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