Analysts Anticipate Stamps.com Inc. (NASDAQ:STMP) Will Announce Quarterly Sales of $142.77 Million

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Equities research analysts predict that Stamps.com Inc. (NASDAQ:STMP) will report sales of $142.77 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Stamps.com’s earnings, with the lowest sales estimate coming in at $141.52 million and the highest estimate coming in at $144.02 million. Stamps.com reported sales of $170.23 million in the same quarter last year, which would suggest a negative year over year growth rate of 16.1%. The company is expected to issue its next quarterly earnings results on Thursday, February 20th.

According to Zacks, analysts expect that Stamps.com will report full year sales of $553.72 million for the current year, with estimates ranging from $552.47 million to $554.97 million. For the next financial year, analysts forecast that the firm will report sales of $562.67 million, with estimates ranging from $560.65 million to $564.69 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 issued its quarterly earnings results on Thursday, November 7th. The software maker reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.37. The business had revenue of $136.17 million during the quarter, compared to analysts’ expectations of $126.19 million. Stamps.com had a return on equity of 16.87% and a net margin of 14.03%.

STMP has been the subject of a number of analyst reports. Roth Capital upped their price target on Stamps.com from $52.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Craig Hallum upped their price target on Stamps.com from $60.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. B. Riley upped their price target on Stamps.com from $62.50 to $80.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. BidaskClub cut Stamps.com from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Finally, Zacks Investment Research cut Stamps.com from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 15th. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $78.00.

STMP traded down $1.90 during midday trading on Tuesday, reaching $83.14. The company had a trading volume of 220,749 shares, compared to its average volume of 793,291. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average of $87.00 and a two-hundred day moving average of $63.90. The company has a market cap of $1.43 billion, a P/E ratio of 8.45, a P/E/G ratio of 2.34 and a beta of 1.06. Stamps.com has a 1 year low of $32.54 and a 1 year high of $207.25.

In related news, Director Mohan P. Ananda sold 1,000 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $86.44, for a total transaction of $86,440.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 7.33% of the company’s stock.

Several large investors have recently added to or reduced their stakes in STMP. Okumus Fund Management Ltd. purchased a new position in Stamps.com during the 2nd quarter valued at approximately $50,911,000. Simcoe Capital Management LLC purchased a new position in Stamps.com during the 2nd quarter valued at approximately $28,427,000. Nuveen Asset Management LLC purchased a new position in Stamps.com during the 2nd quarter valued at approximately $15,353,000. Disciplined Growth Investors Inc. MN grew its holdings in Stamps.com by 15.5% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,472,380 shares of the software maker’s stock valued at $109,619,000 after buying an additional 197,351 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Stamps.com by 380.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 209,260 shares of the software maker’s stock valued at $9,031,000 after buying an additional 165,719 shares in the last quarter. Hedge funds and other institutional investors own 95.02% of the company’s stock.

Stamps.com Company Profile

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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