$2.34 EPS Expected for Stamps.com Inc. (STMP) This Quarter

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Wall Street analysts predict that Stamps.com Inc. (NASDAQ:STMP) will announce $2.34 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have provided estimates for Stamps.com’s earnings, with estimates ranging from $2.21 to $2.51. Stamps.com reported earnings of $2.68 per share in the same quarter last year, which would indicate a negative year over year growth rate of 12.7%. The business is expected to issue its next quarterly earnings report on Thursday, November 1st.

On average, analysts expect that Stamps.com will report full year earnings of $10.68 per share for the current financial year, with EPS estimates ranging from $10.58 to $10.79. For the next financial year, analysts expect that the business will report earnings of $11.11 per share, with EPS estimates ranging from $10.43 to $11.57. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow Stamps.com.

Stamps.com (NASDAQ:STMP) last announced its earnings results on Wednesday, August 1st. The software maker reported $2.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.58. The company had revenue of $139.63 million during the quarter, compared to the consensus estimate of $133.49 million. Stamps.com had a net margin of 34.37% and a return on equity of 39.85%. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.08 earnings per share.

STMP has been the subject of a number of research analyst reports. ValuEngine downgraded shares of Stamps.com from a “buy” rating to a “hold” rating in a report on Thursday, September 13th. BidaskClub downgraded shares of Stamps.com from a “buy” rating to a “hold” rating in a report on Thursday, August 16th. Maxim Group set a $320.00 price objective on shares of Stamps.com and gave the stock a “buy” rating in a report on Thursday, August 2nd. Roth Capital raised their price objective on shares of Stamps.com from $255.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. Finally, Singular Research restated a “buy” rating and set a $93.00 price objective on shares of Stamps.com in a report on Tuesday, June 19th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $252.00.

Shares of STMP stock traded down $0.55 on Friday, hitting $232.10. The stock had a trading volume of 1,910 shares, compared to its average volume of 224,436. The company has a market cap of $4.14 billion, a P/E ratio of 23.27, a P/E/G ratio of 1.68 and a beta of -0.02. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.38 and a quick ratio of 3.38. Stamps.com has a 12-month low of $160.00 and a 12-month high of $285.74.

In related news, insider Sebastian Buerba sold 2,501 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $259.75, for a total transaction of $649,634.75. Following the completion of the sale, the insider now owns 720 shares in the company, valued at $187,020. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Amine Khechfe sold 1,200 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $248.15, for a total transaction of $297,780.00. Following the sale, the insider now owns 1,541 shares of the company’s stock, valued at approximately $382,399.15. The disclosure for this sale can be found here. Insiders have sold 8,699 shares of company stock valued at $2,203,187 in the last 90 days. 6.17% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. Glen Harbor Capital Management LLC boosted its position in Stamps.com by 8.5% during the first quarter. Glen Harbor Capital Management LLC now owns 2,618 shares of the software maker’s stock worth $526,000 after purchasing an additional 204 shares during the period. Cim LLC boosted its position in Stamps.com by 7.0% during the second quarter. Cim LLC now owns 3,133 shares of the software maker’s stock worth $793,000 after purchasing an additional 205 shares during the period. Envestnet Asset Management Inc. boosted its position in Stamps.com by 13.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,698 shares of the software maker’s stock worth $430,000 after purchasing an additional 205 shares during the period. Congress Asset Management Co. MA boosted its position in Stamps.com by 1.4% during the second quarter. Congress Asset Management Co. MA now owns 18,558 shares of the software maker’s stock worth $4,696,000 after purchasing an additional 261 shares during the period. Finally, Polen Capital Management LLC boosted its position in Stamps.com by 12.0% during the second quarter. Polen Capital Management LLC now owns 2,515 shares of the software maker’s stock worth $636,000 after purchasing an additional 270 shares during the period. Hedge funds and other institutional investors own 92.06% of the company’s stock.

About Stamps.com

Stamps.com Inc provides Internet-based mailing and shipping solutions in the United States. 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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