Shutterfly Company Profile (NASDAQ:SFLY)

Shutterfly trades on the NASDAQ under the ticker symbol "SFLY."

Shutterfly announced that its Board of Directors has initiated a stock buyback plan on Monday, April 24th 2017, which allows the company to repurchase $140,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 8.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Shutterfly, Inc. (NASDAQ:SFLY) posted its earnings results on Tuesday, July, 25th. The company reported ($0.68) EPS for the quarter, missing the Zacks' consensus estimate of ($0.55) by $0.13. The company earned $209.03 million during the quarter, compared to analyst estimates of $209.46 million. Shutterfly had a net margin of 0.50% and a return on equity of 3.61%. The business's revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.48) EPS. View Shutterfly's Earnings History.

Shutterfly is scheduled to release their next quarterly earnings announcement on Tuesday, October, 24th 2017. View Earnings Estimates for Shutterfly.

Shutterfly updated its FY17 earnings guidance on Tuesday, July, 25th. The company provided earnings per share guidance of $0.45-0.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.66. The company issued revenue guidance of $1.135-1.165 billion, compared to the consensus revenue estimate of $1.16 billion.

10 brokerages have issued 1-year target prices for Shutterfly's stock. Their forecasts range from $44.00 to $59.00. On average, they expect Shutterfly's stock price to reach $53.10 in the next twelve months. View Analyst Ratings for Shutterfly.

Here are some recent quotes from research analysts about Shutterfly stock:

• 1. According to Zacks Investment Research, "Shutterfly shares have underperformed its industry in the past year. Though the company has a mostly positive record of earnings surprises in recent quarters, estimates have moved slightly down ahead of its third-quarter release. Notably, Shutterfly is expected to incur huge restructuring costs in 2017 and revenue growth is expected to be very slow throughout the year. Though restructuring bodes well for the company in the long run, 2017 is set to be a transition year for them, with different brands transitioning over the first three quarters. Further adding to concerns is that Shutterfly’s business is highly seasonal and is susceptible to travel industry and consumer spending trends. Nevertheless, product innovations and improving technology-related offerings are expected to drive growth. The Shutterfly 3.0 initiative bodes well too. However, a rise in manufacturing, labor and training costs is likely to weigh on margins." (10/10/2017)
• 2. Jefferies Group LLC analysts commented, "SFLY printed a good quarter beating on the top line and EBITDA despite beginning to transition its ancillary brands to core SFLY. Progress remains on the transition, but investment in technology to enable to transition has begun." (4/26/2017)
• 3. Cantor Fitzgerald analysts commented, "We hosted the company's management team for a series of meetings last week and walked away positively inclined toward the on-going turnaround the team plans to execute during much of 2017 and into 2018. Although we think the stock lacks short-term catalysts, we maintain our rating and PT, given the current valuation and what we view as good prospects for a turnaround and for more aggressive stock buybacks." (2/13/2017)
• 4. Needham & Company LLC analysts commented, "We are downgrading Shutterfly to a HOLD from a BUY as FY17 revenue growth decelerates and EBITDA is below expectations. We estimate flat FY17 Consumer revenue with the core Shutterfly brand being offset by revenue declines in TinyPrints, WeddingPaperDivas, and MyPublisher as these brands are de-emphasized. With efforts to simplify purchasing and broaden its Consumer products and categories, continue its pivot towards mobile, and leverage its manufacturing platform, Shutterfly could emerge from its FY17 transition year and be ready for revenue growth re-acceleration in FY18. Cost cutting efforts and lower marketing spend could lead to margin expansion. However, we believe the execution risk is high and would prefer to move to the sidelines until the positive impact of these strategic initiatives are more visible." (2/2/2017)

Some companies that are related to Shutterfly include Zendesk (ZEN), HubSpot (HUBS), Wix.com (WIX), Ringcentral (RNG), United States Cellular Corporation (USM), Vishay Intertechnology (VSH), Tower Semiconductor (TSEM), Generac Holdlings (GNRC), FireEye (FEYE), Ciena Corporation (CIEN), Itron (ITRI), Yirendai (YRD), Science Applications International Corporation (SAIC), Twilio (TWLO), 2U (TWOU), Sanmina Corporation (SANM), WESCO International (WCC) and Anixter International (AXE).

Shutterfly's management team includes the folowing people:

• William J. Lansing, Independent Chairman of the Board
• Christopher North, President, Chief Executive Officer, Director
• Michael W. Pope, Chief Financial Officer, Senior Vice President
• Dwayne A. Black, Chief Operating Officer, Senior Vice President - Operations
• Tracy Layney, Chief Human Resource Officer, Senior Vice President
• Satish Menon, Senior Vice President, Chief Technology Officer
• John Boris, Senior Vice President, Chief Marketing Officer
• Michele Anderson, Senior Vice President - Retail
• Ishantha Lokuge, Senior Vice President, Chief Product Officer
• Thomas D. Hughes, Independent Director

Shutterfly's stock is owned by a number of of institutional and retail investors. Top institutional investors include Quantitative Systematic Strategies LLC (0.10%). Company insiders that own Shutterfly stock include Ann Mather, Betsy Rafael, Christopher North, Dan Mccormick, Dwayne A Black, Ishantha Lokuge, Jason Sebring, Jeffrey T Housenbold, John Boris, Lisa Blackwood-Kapral, Michael W Pope, Roland Karl Wiley, Satish Menon, Thomas David Hughes, Tracy Layney and William J Lansing. View Institutional Ownership Trends for Shutterfly.

Shutterfly's stock was sold by a variety of institutional investors in the last quarter, including Quantitative Systematic Strategies LLC. Company insiders that have sold Shutterfly stock in the last year include Ann Mather, Betsy Rafael, Christopher North, Dwayne A Black, Ishantha Lokuge, Jason Sebring, John Boris, Lisa Blackwood-Kapral, Michael W Pope, Roland Karl Wiley, Satish Menon and Tracy Layney. View Insider Buying and Selling for Shutterfly.

Shares of Shutterfly can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Shutterfly stock can currently be purchased for approximately $48.70.