$130.21 Million in Sales Expected for Stamps.com Inc. (NASDAQ:STMP) This Quarter

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Wall Street analysts expect Stamps.com Inc. (NASDAQ:STMP) to report sales of $130.21 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Stamps.com’s earnings, with the lowest sales estimate coming in at $128.52 million and the highest estimate coming in at $131.40 million. Stamps.com reported sales of $139.63 million during the same quarter last year, which indicates a negative year-over-year growth rate of 6.7%. The business is expected to report its next quarterly earnings report on Wednesday, August 7th.

On average, analysts expect that Stamps.com will report full year sales of $528.61 million for the current fiscal year, with estimates ranging from $524.88 million to $533.67 million. For the next fiscal year, analysts forecast that the business 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 sell-side research analysts that cover Stamps.com.

Stamps.com (NASDAQ:STMP) last released its quarterly earnings data 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 firm had revenue of $136.00 million for the quarter, compared to the consensus estimate of $126.06 million. Stamps.com had a net margin of 23.31% and a return on equity of 26.02%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.54 earnings per share.

A number of analysts recently commented on STMP shares. Maxim Group decreased their price objective on shares of Stamps.com to $59.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. B. Riley decreased their price objective on shares of Stamps.com from $300.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, February 22nd. Craig Hallum decreased their price objective on shares of Stamps.com from $265.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, February 22nd. TheStreet cut shares of Stamps.com from a “b-” rating to a “c+” rating in a research report on Monday, March 11th. Finally, Zacks Investment Research upgraded shares of Stamps.com from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 25th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $81.86.

STMP stock traded down $0.15 during trading on Tuesday, reaching $40.41. 431,236 shares of the company were exchanged, compared to its average volume of 710,994. The company has a market cap of $699.78 million, a P/E ratio of 4.11, a P/E/G ratio of 1.15 and a beta of 1.05. Stamps.com has a 52-week low of $32.54 and a 52-week high of $285.74. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.10.

A number of institutional investors and hedge funds have recently made changes to their positions in STMP. SQN Investors LP raised its position in Stamps.com by 91.9% during the fourth quarter. SQN Investors LP now owns 599,282 shares of the software maker’s stock worth $93,272,000 after acquiring an additional 287,070 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Stamps.com by 565.3% during the first quarter. Goldman Sachs Group Inc. now owns 245,999 shares of the software maker’s stock worth $20,026,000 after acquiring an additional 209,023 shares during the last quarter. Norges Bank acquired a new position in Stamps.com during the fourth quarter worth about $27,716,000. Elk Creek Partners LLC acquired a new position in Stamps.com during the first quarter worth about $10,813,000. Finally, Epoch Investment Partners Inc. raised its position in Stamps.com by 70.5% during the fourth quarter. Epoch Investment Partners Inc. now owns 280,643 shares of the software maker’s stock worth $43,679,000 after acquiring an additional 115,999 shares during the last quarter. Institutional investors own 96.70% 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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