Shutterfly Company Profile (NASDAQ:SFLY)

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

Shutterfly announced that its Board of Directors has approved a share repurchase program on Monday, April 24th 2017, which authorizes the company to repurchase $140,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 8.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.

Shutterfly, Inc. (NASDAQ:SFLY) released its earnings results on Tuesday, July, 25th. The company reported ($0.68) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.55) by $0.13. The company had revenue of $209.03 million for the quarter, compared to analysts' expectations of $209.46 million. Shutterfly had a net margin of 0.50% and a return on equity of 3.57%. Shutterfly's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($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 (EPS) guidance of $0.45-0.80 for the period, compared to the Thomson Reuters consensus EPS 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.

9 brokers have issued 1 year target prices for Shutterfly's stock. Their forecasts range from $44.00 to $59.00. On average, they anticipate Shutterfly's share price to reach $53.11 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’s focus on improving operational efficiency through major restructuring bodes well in the long term. Continual product innovations and focus on improving technology-related offerings are to be solid growth drivers. The Shutterfly 3.0 initiative under which it aims to create a platform and device-agnostic memory management and personalized e-commerce solution, bodes well. Notably, it has mostly positive record of earnings surprises in the recent quarters while estimates are stable ahead of its Q2 earnings release. Yet, Shutterfly is likely to incur huge restructuring costs in 2017 and revenue growth is expected to be very slow in the year. A rise in manufacturing, labor and training costs could weigh on margins. The company’s revenues are susceptible to travel industry and consumer spending trends, which raises concern. Also, its shares have underperformed the Zacks classified Internet Content industry year to date." (7/19/2017)
• 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)

Some companies that are related to Shutterfly include Nutanix (NTNX), Wix.com (WIX), Silicon Laboratories (SLAB), NetScout Systems (NTCT), Science Applications International Corporation (SAIC), CACI International (CACI), Manhattan Associates (MANH), Finisar Corporation (FNSR), RealPage (RP), MakeMyTrip Limited (MMYT), Zendesk (ZEN), Pitney Bowes (PBI), AVX Corporation (AVX), Advanced Energy Industries (AEIS), ACI Worldwide (ACIW), Itron (ITRI), FireEye (FEYE) and Sanmina Corporation (SANM).

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 retail and institutional investors. Top institutional investors include Spark Investment Management LLC (0.38%), Russell Investments Group Ltd. (0.31%), Summit Creek Advisors LLC (0.29%), Rothschild Asset Management Inc. (0.15%), Great West Life Assurance Co. Can (0.15%) and Quantitative Systematic Strategies LLC (0.12%). 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, Philip A Marineau, 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 Summit Creek Advisors LLC, Russell Investments Group Ltd., Acadian Asset Management LLC, Bank of Montreal Can, Spark Investment Management LLC, Rothschild Asset Management Inc. and Capstone Asset Management Co.. 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, Thomas David Hughes and Tracy Layney. View Insider Buying and Selling for Shutterfly.

Shutterfly's stock was purchased by a variety of institutional investors in the last quarter, including Fox Run Management L.L.C., Aperio Group LLC, State of Alaska Department of Revenue, Great West Life Assurance Co. Can, LS Investment Advisors LLC, Quantitative Systematic Strategies LLC, Municipal Employees Retirement System of Michigan and Nisa Investment Advisors LLC. 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 $49.26.