Stamps.com Inc. (STMP) Issues FY17 Earnings Guidance

Stamps.com Inc. (NASDAQ:STMP) issued an update on its FY17 earnings guidance on Thursday morning. The company provided EPS guidance of $9.00-10.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.04. The company issued revenue guidance of $435-460 million, compared to the consensus revenue estimate of $455.05 million.

Stamps.com Inc. (NASDAQ:STMP) traded down $55.10 during trading hours on Friday, reaching $171.25. 2,593,352 shares of the company’s stock were exchanged, compared to its average volume of 349,068. The firm has a market capitalization of $3,741.11, a price-to-earnings ratio of 27.86 and a beta of 0.08.

Stamps.com (NASDAQ:STMP) last released its earnings results on Wednesday, August 2nd. The software maker reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.36. The business had revenue of $116.14 million during the quarter, compared to the consensus estimate of $99.29 million. Stamps.com had a net margin of 31.54% and a return on equity of 37.18%. The company’s revenue for the quarter was up 38.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.94 EPS. equities research analysts anticipate that Stamps.com Inc. will post 6.17 earnings per share for the current year.

A number of research firms have issued reports on STMP. Zacks Investment Research upgraded Stamps.com from a hold rating to a strong-buy rating and set a $222.00 price target on the stock in a report on Tuesday, August 29th. Northland Securities restated a buy rating and set a $250.00 price target on shares of Stamps.com in a report on Thursday, October 12th. Roth Capital increased their price target on Stamps.com from $203.00 to $245.00 and gave the stock a buy rating in a report on Monday. ValuEngine cut Stamps.com from a buy rating to a hold rating in a report on Monday, October 2nd. Finally, Craig Hallum restated a buy rating and set a $210.00 price target (up from $170.00) on shares of Stamps.com in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of Buy and an average target price of $217.71.

In related news, insider Sebastian Buerba sold 44,255 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $192.07, for a total value of $8,500,057.85. Following the transaction, the insider now directly owns 3,404 shares in the company, valued at approximately $653,806.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Amine Khechfe sold 1,200 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $226.65, for a total value of $271,980.00. Following the completion of the transaction, the insider now owns 1,442 shares in the company, valued at $326,829.30. The disclosure for this sale can be found here. Insiders have sold a total of 528,754 shares of company stock worth $107,736,958 over the last 90 days. Company insiders own 11.46% of the company’s stock.

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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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