Shutterstock (SSTK) Scheduled to Post Earnings on Thursday

Shutterstock (NYSE:SSTK) will be posting its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Shutterstock to post earnings of $0.95 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Shutterstock (NYSE:SSTK) last announced its earnings results on Wednesday, February 21st. The business services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.13. The company had revenue of $217.22 million during the quarter, compared to analyst estimates of $224.04 million. Shutterstock had a net margin of 12.61% and a return on equity of 23.04%. On average, analysts expect Shutterstock to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shutterstock Price Performance

Shares of SSTK stock opened at $42.82 on Thursday. The firm has a market cap of $1.52 billion, a PE ratio of 14.13 and a beta of 1.09. The company has a 50-day moving average of $45.81 and a two-hundred day moving average of $44.92. Shutterstock has a 1-year low of $33.80 and a 1-year high of $74.20.

Shutterstock Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 29th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend was Wednesday, February 28th. This is a positive change from Shutterstock’s previous quarterly dividend of $0.27. Shutterstock’s dividend payout ratio (DPR) is 39.60%.

Insider Activity at Shutterstock

In related news, insider John Caine sold 5,440 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $47.20, for a total value of $256,768.00. Following the sale, the insider now owns 5,439 shares of the company’s stock, valued at $256,720.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 32.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SSTK. Morgan Stanley began coverage on shares of Shutterstock in a research note on Thursday, February 22nd. They issued an “equal weight” rating and a $55.00 price objective for the company. StockNews.com lowered shares of Shutterstock from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 29th. Needham & Company LLC reissued a “buy” rating and issued a $60.00 price objective on shares of Shutterstock in a research note on Thursday, February 29th. Finally, Truist Financial lowered their price objective on shares of Shutterstock from $85.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Shutterstock currently has an average rating of “Moderate Buy” and a consensus target price of $62.50.

Shutterstock Company Profile

Shutterstock, Inc provides platform to connect brands and businesses to high quality content in North America, Europe, and internationally. The company offers image services consisting of photographs, vectors, and illustrations, which is used in visual communications, such as websites, digital and print marketing materials, corporate communications, books, publications, and others; footage services, including video clips, filmed by industry experts and cinema grade video effects in HD and 4K formats that are integrated into websites, social media, marketing campaigns, and cinematic productions; and music services comprising music tracks and sound effects, which are used to complement images and footage.