Shutterstock (SSTK) Set to Announce Quarterly Earnings on Thursday

Shutterstock (NYSE:SSTK - Get Free Report) will announce its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.95 per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Shutterstock (NYSE:SSTK - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The business services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.13. Shutterstock had a net margin of 12.61% and a return on equity of 23.04%. The company had revenue of $217.22 million for the quarter, compared to the consensus estimate of $224.04 million. On average, analysts expect Shutterstock to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shutterstock Price Performance

Shares of Shutterstock stock traded down $0.60 during trading on Thursday, hitting $42.17. 238,179 shares of the company's stock traded hands, compared to its average volume of 500,535. The firm's fifty day moving average price is $45.70 and its 200 day moving average price is $44.90. Shutterstock has a twelve month low of $33.80 and a twelve month high of $70.50. The company has a market cap of $1.50 billion, a PE ratio of 13.92 and a beta of 1.09.

Shutterstock Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.85%. Shutterstock's dividend payout ratio (DPR) is currently 39.60%.

Analyst Ratings Changes

SSTK has been the topic of a number of recent analyst reports. Needham & Company LLC restated a "buy" rating and issued a $60.00 price target on shares of Shutterstock in a research report on Thursday, February 29th. Truist Financial reduced their price target on shares of Shutterstock from $85.00 to $70.00 and set a "buy" rating on the stock in a research report on Thursday, February 22nd. StockNews.com lowered shares of Shutterstock from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 29th. Finally, Morgan Stanley initiated coverage on shares of Shutterstock in a research report on Thursday, February 22nd. They issued an "equal weight" rating and a $55.00 price target on the stock. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $62.50.

Insider Buying and Selling

In other Shutterstock news, insider John Caine sold 1,974 shares of the company's stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $43.30, for a total value of $85,474.20. Following the completion of the sale, the insider now owns 7,413 shares of the company's stock, valued at $320,982.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 32.30% of the stock is currently owned by insiders.

About Shutterstock

Shutterstock, Inc provides platform to connect brands and businesses to high quality content in North America, Europe, and internationally. The company offers image services consisting of photographs, vectors, and illustrations, which is used in visual communications, such as websites, digital and print marketing materials, corporate communications, books, publications, and others; footage services, including video clips, filmed by industry experts and cinema grade video effects in HD and 4K formats that are integrated into websites, social media, marketing campaigns, and cinematic productions; and music services comprising music tracks and sound effects, which are used to complement images and footage.