Brokerages expect Stamps.com Inc. (NASDAQ:STMP) to post sales of $104.97 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Stamps.com’s earnings. The lowest sales estimate is $101.30 million and the highest is $110.22 million. Stamps.com reported sales of $92.56 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.4%. The firm is expected to report its next quarterly earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that Stamps.com will report full year sales of $104.97 million for the current fiscal year, with estimates ranging from $448.23 million to $453.24 million. For the next year, analysts forecast that the business will report sales of $501.40 million per share, with estimates ranging from $475.77 million to $528.32 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Stamps.com.
Stamps.com (NASDAQ:STMP) last posted its earnings results on Wednesday, August 2nd. The software maker reported $1.69 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.36. Stamps.com had a net margin of 26.66% and a return on equity of 34.46%. The company had revenue of $116.14 million during the quarter, compared to analysts’ expectations of $99.29 million. During the same quarter in the prior year, the company posted $1.94 earnings per share. Stamps.com’s revenue for the quarter was up 38.2% compared to the same quarter last year.
A number of research analysts recently issued reports on STMP shares. B. Riley reiterated a “buy” rating and issued a $210.00 price target on shares of Stamps.com in a research note on Tuesday, May 2nd. Zacks Investment Research upgraded shares of Stamps.com from a “hold” rating to a “strong-buy” rating and set a $119.00 price target for the company in a research note on Wednesday, May 10th. ValuEngine downgraded shares of Stamps.com from a “buy” rating to a “hold” rating in a research note on Wednesday, May 24th. Finally, Roth Capital reiterated a “buy” rating and issued a $166.00 price target on shares of Stamps.com in a research note on Wednesday, May 31st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Stamps.com has a consensus rating of “Buy” and an average price target of $192.67.
In related news, insider James Bortnak sold 4,000 shares of Stamps.com stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $131.64, for a total value of $526,560.00. Following the completion of the transaction, the insider now owns 5,985 shares in the company, valued at $787,865.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Seth Weisberg sold 25,000 shares of Stamps.com stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $197.45, for a total transaction of $4,936,250.00. Following the completion of the transaction, the insider now owns 32,572 shares of the company’s stock, valued at approximately $6,431,341.40. The disclosure for this sale can be found here. Insiders sold 90,600 shares of company stock valued at $14,429,460 in the last quarter. 11.08% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. bought a new stake in shares of Stamps.com during the first quarter valued at $104,000. TrimTabs Asset Management LLC increased its stake 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 in the last quarter. LS Investment Advisors LLC increased its stake 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake 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 in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of Stamps.com by 13.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,287 shares of the software maker’s stock valued at $152,000 after buying an additional 154 shares in the last quarter.
Shares of Stamps.com (NASDAQ STMP) opened at 212.70 on Wednesday. The stock has a market cap of $3.60 billion, a PE ratio of 34.40 and a beta of 0.01. Stamps.com has a 52-week low of $80.10 and a 52-week high of $217.40. The company’s 50-day moving average is $151.90 and its 200-day moving average is $130.12.
Stamps.com declared that its Board of Directors has initiated a share repurchase program on Wednesday, May 3rd that permits the company to repurchase $90.00 million in shares. This repurchase authorization permits the software maker to reacquire up to 4.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.
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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