Brokerages expect Stamps.com Inc. (NASDAQ: STMP) to report $ 197.78 million in sales for the current fiscal quarter, Zack reports. Two analysts have released earnings estimates for Stamps.com. The lowest sales estimate is $ 194.66 million and the highest is $ 200.90 million. Stamps.com reported sales of $ 206.73 million in the same quarter last year, suggesting a negative 4.3% year-over-year growth rate. The company is expected to announce its next quarterly earnings report on Thursday, August 5.
On average, analysts expect Stamps.com to report annual sales of $ 787.81 million for the current year, with estimates ranging from $ 775.20 million to $ 800.42 million. . For the next fiscal year, analysts predict the company will post sales of $ 856.27 million, with estimates ranging from $ 821.30 million to $ 891.24 million. Zacks sales averages are an average based on a survey of analysts who track Stamps.com.
Stamps.com (NASDAQ: STMP) last reported its quarterly results on Thursday, May 6. The software maker reported EPS of $ 2.08 for the quarter, beating the consensus estimate of $ 1.69 by $ 0.39. The company posted revenue of $ 189.10 million for the quarter, compared to analysts’ estimates of $ 190.07 million. Stamps.com reported a return on equity of 25.32% and a net margin of 24.68%. The company’s revenue for the quarter increased 24.9% year-over-year. In the same quarter of last year, the company posted earnings per share of $ 1.32.
Separately, Zacks investment research upgraded Stamps.com from a “strong selling” rating to a “conservation” rating in a research report Thursday.
In other Stamps.com news, CMO Sebastian Buerba sold 2,511 shares of the company in a trade dated Tuesday, July 6. The stock was sold for an average price of $ 200.69, for a total value of $ 503,932.59. After the sale closes, the chief marketing officer now owns 2,511 shares of the company, valued at $ 503,932.59. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In addition, insider Amine Khechfe sold 4,959 shares of the company in a transaction dated Tuesday, July 6. The stock was sold for an average price of $ 200.00, for a total value of $ 991,800.00. After the sale closes, the insider now directly owns 5,306 shares of the company, valued at approximately $ 1,061,200. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 17,272 shares of the company valued at $ 3,429,961. 6.53% of the shares are held by insiders.
A number of hedge funds and other institutional investors have recently changed their holdings to STMP. Los Angeles Capital Management LLC increased its stake in Stamps.com shares by 14.3% during the fourth quarter. Los Angeles Capital Management LLC now owns 20,169 shares of the software maker valued at $ 3,957,000 after purchasing an additional 2,525 shares during the period. SkyOak Wealth LLC increased its stake in Stamps.com shares by 20.7% during the first quarter. SkyOak Wealth LLC now owns 2,707 shares of the software maker valued at $ 578,000 after purchasing an additional 465 shares during the period. Alliancebernstein LP increased its holdings of Stamps.com shares by 1.6% in the first quarter. Alliancebernstein LP now owns 28,079 shares of the software maker valued at $ 5,602,000 after purchasing an additional 450 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in Stamps.com shares during the first quarter valued at approximately $ 1,459,000. Finally, BlackRock Inc. increased its holdings of Stamps.com shares by 2.3% during the first quarter. BlackRock Inc. now owns 2,886,212 shares of the software maker valued at $ 575,828,000 after purchasing an additional 65,775 shares during the period. 85.55% of the shares are held by institutional investors and hedge funds.
Shares of Stamps.com opened at $ 324.23 on Monday. The stock has a market cap of $ 5.94 billion, a price-to-earnings ratio of 32.01 and a beta of 0.34. Stamps.com has a 12-month low of $ 159.22 and a 12-month high of $ 325.13. The company’s fifty-day moving average price is $ 194.69.
Company Profile Stamps.com
Stamps.com Inc provides Internet mail and shipping solutions in the United States and Europe. It operates in two segments, Stamps.com and Metapack. The company provides courier and shipping solutions for posting and shipping various couriers and packages through the United States Postal Service (USPS) under the Stamps.com, Endicia, Metapack, ShippingEasy, ShipEngine, ShipStation and ShipWorks brands.
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