Stamps.com Inc. (NASDAQ:STMP) Expected to Post Quarterly Sales of $186.04 Million

Wall Street brokerages forecast that Stamps.com Inc. (NASDAQ:STMP) will post $186.04 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Stamps.com’s earnings. The lowest sales estimate is $183.48 million and the highest is $188.60 million. Stamps.com posted sales of $193.92 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 4.1%. The firm is scheduled to report its next quarterly earnings results on Thursday, November 4th.

According to Zacks, analysts expect that Stamps.com will report full-year sales of $771.04 million for the current year, with estimates ranging from $766.87 million to $775.20 million. For the next financial year, analysts forecast that the firm will post sales of $834.99 million, with estimates ranging from $821.30 million to $848.68 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Stamps.com.

Stamps.com (NASDAQ:STMP) last released its quarterly earnings data on Thursday, August 5th. The software maker reported $1.49 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.06). Stamps.com had a return on equity of 21.00% and a net margin of 15.25%. The firm had revenue of $191.07 million for the quarter, compared to analysts’ expectations of $197.78 million.

A number of analysts have commented on STMP shares. Maxim Group cut Stamps.com from a “buy” rating to a “hold” rating in a research report on Monday, July 12th. Northland Securities cut Stamps.com from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $245.00 to $330.00 in a research report on Monday, July 12th. Zacks Investment Research cut Stamps.com from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 17th. Finally, Craig Hallum cut Stamps.com from a “buy” rating to a “hold” rating and decreased their price objective for the company from $340.00 to $330.00 in a report on Monday, July 12th.

In other Stamps.com news, CEO James Nathan Jones sold 1,041 shares of the business’s stock in a transaction that occurred on Monday, August 2nd. The stock was sold at an average price of $326.51, for a total transaction of $339,896.91. Following the completion of the sale, the chief executive officer now directly owns 637 shares in the company, valued at approximately $207,986.87. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Amine Khechfe sold 4,959 shares of the business’s stock in a transaction that occurred on Tuesday, July 6th. The stock was sold at an average price of $200.00, for a total value of $991,800.00. Following the sale, the insider now owns 5,306 shares of the company’s stock, valued at $1,061,200. The disclosure for this sale can be found here. In the last 90 days, insiders sold 169,497 shares of company stock valued at $53,987,212. 6.53% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its holdings in Stamps.com by 14.7% in the second quarter. Advisors Asset Management Inc. now owns 328 shares of the software maker’s stock valued at $66,000 after acquiring an additional 42 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Stamps.com by 4.6% in the second quarter. PNC Financial Services Group Inc. now owns 1,175 shares of the software maker’s stock valued at $235,000 after acquiring an additional 52 shares during the last quarter. Advisor Partners LLC lifted its holdings in Stamps.com by 5.0% in the first quarter. Advisor Partners LLC now owns 1,166 shares of the software maker’s stock valued at $233,000 after acquiring an additional 55 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Stamps.com by 21.6% in the second quarter. Public Employees Retirement System of Ohio now owns 349 shares of the software maker’s stock valued at $70,000 after acquiring an additional 62 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in Stamps.com by 4.0% in the second quarter. Commonwealth Equity Services LLC now owns 1,666 shares of the software maker’s stock valued at $333,000 after acquiring an additional 64 shares during the last quarter. Institutional investors and hedge funds own 83.93% of the company’s stock.

STMP stock traded up $0.45 on Friday, hitting $328.65. 6,434 shares of the company’s stock were exchanged, compared to its average volume of 338,543. Stamps.com has a 12-month low of $159.22 and a 12-month high of $329.55. The firm has a 50 day moving average price of $321.55 and a two-hundred day moving average price of $239.27. The stock has a market cap of $6.06 billion, a P/E ratio of 54.87 and a beta of 0.45.

About Stamps.com

Stamps.com, Inc engages in the provision of Internet-based mailing and shipping solutions. It operates through the following segments: Stamps.com and MetaPack. The Stamps.com segment offers postage online and shipping software solutions offered to consumers, small businesses, e-commerce shippers, enterprise mailers, and high volume shippers.

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