Stamps.com (NASDAQ:STMP) Updates FY 2019 Earnings Guidance

Stamps.com (NASDAQ:STMP) updated its FY 2019 earnings guidance on Wednesday. The company provided earnings per share guidance of $3.60-4.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.96. The company issued revenue guidance of $520-560 million, compared to the consensus revenue estimate of $526.9 million.

Several analysts recently weighed in on the company. B. Riley downgraded Stamps.com from a buy rating to a neutral rating and decreased their target price for the company from $130.00 to $45.00 in a research note on Thursday, May 9th. Craig Hallum downgraded Stamps.com from a buy rating to a hold rating and decreased their target price for the company from $125.00 to $48.00 in a research note on Thursday, May 9th. Zacks Investment Research downgraded Stamps.com from a hold rating to a strong sell rating in a research note on Wednesday, May 15th. Maxim Group downgraded Stamps.com from a buy rating to a hold rating in a research note on Thursday, July 18th. Finally, BidaskClub upgraded Stamps.com from a hold rating to a buy rating in a research note on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $80.00.

NASDAQ:STMP traded up $0.19 during mid-day trading on Wednesday, hitting $46.27. 710,518 shares of the company’s stock traded hands, compared to its average volume of 965,167. The firm’s 50 day moving average price is $45.59. Stamps.com has a 12 month low of $32.54 and a 12 month high of $264.60. The company has a market capitalization of $796.37 million, a price-to-earnings ratio of 4.70, a price-to-earnings-growth ratio of 1.31 and a beta of 1.26. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.10.

Stamps.com (NASDAQ:STMP) last announced its earnings results on Wednesday, May 8th. The software maker reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.14. Stamps.com had a return on equity of 26.02% and a net margin of 23.31%. The firm had revenue of $136.00 million during the quarter, compared to the consensus estimate of $126.06 million. During the same quarter in the prior year, the company earned $2.54 EPS. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities analysts forecast that Stamps.com will post 2.34 earnings per share for the current year.

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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