Brokerages Expect Stamps.com Inc. (NASDAQ:STMP) Will Announce Quarterly Sales of $130.21 Million

Analysts predict that Stamps.com Inc. (NASDAQ:STMP) will post sales of $130.21 million for the current quarter, according to Zacks. Three analysts have issued estimates for Stamps.com’s earnings, with estimates ranging from $128.52 million to $131.40 million. Stamps.com reported sales of $139.63 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 6.7%. The company is expected to announce its next earnings results on Wednesday, August 7th.

According to Zacks, analysts expect that Stamps.com will report full-year sales of $528.61 million for the current year, with estimates ranging from $524.88 million to $533.67 million. For the next fiscal year, analysts anticipate that the company will report sales of $512.57 million, with estimates ranging from $480.15 million to $568.43 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Stamps.com.

Stamps.com (NASDAQ:STMP) last released its earnings results on Wednesday, May 8th. The software maker reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.14. The company had revenue of $136.00 million during the quarter, compared to analysts’ expectations of $126.06 million. Stamps.com had a net margin of 23.31% and a return on equity of 26.02%. Stamps.com’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the business earned $2.54 EPS.

STMP has been the subject of a number of recent analyst reports. Craig Hallum lowered their target price on shares of Green Dot from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Northland Securities reiterated a “buy” rating and issued a $55.00 target price on shares of Heron Therapeutics in a research note on Thursday, May 9th. Roth Capital lifted their price objective on shares of NV5 Global from $90.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. B. Riley restated a “buy” rating and set a $26.00 price objective (up from $24.00) on shares of KEMET in a research note on Thursday, May 9th. Finally, Maxim Group restated a “buy” rating on shares of Ebix in a research note on Thursday, May 9th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $80.00.

STMP stock traded down $0.65 during trading on Thursday, reaching $47.06. The company had a trading volume of 20,946 shares, compared to its average volume of 1,041,849. The business has a 50-day simple moving average of $40.01. The firm has a market cap of $833.29 million, a P/E ratio of 4.78, a price-to-earnings-growth ratio of 1.32 and a beta of 1.27. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.54 and a current ratio of 1.54. Stamps.com has a twelve month low of $32.54 and a twelve month high of $284.45.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Meridian Wealth Management LLC acquired a new position in shares of Stamps.com during the 1st quarter valued at about $127,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Stamps.com during the 1st quarter valued at about $697,000. Trexquant Investment LP acquired a new position in shares of Stamps.com during the 1st quarter valued at about $1,774,000. SQN Investors LP boosted its position in shares of Stamps.com by 36.4% during the 1st quarter. SQN Investors LP now owns 817,464 shares of the software maker’s stock valued at $66,550,000 after acquiring an additional 218,182 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Stamps.com during the 1st quarter valued at about $2,481,000. Institutional investors and hedge funds own 96.69% of the company’s stock.

About Stamps.com

Stamps.com Inc provides Internet-based mailing and shipping solutions in the United States and Europe. The company offers mailing and shipping solutions to mail and ship various mail pieces and packages through the United States Postal Service (USPS) under the Stamps.com and Endicia brands. Its solutions support various USPS mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, Parcel Select, and others.

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