Shutterstock (SSTK) Scheduled to Post Earnings on Thursday

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

Shutterstock (NYSE:SSTK) last released its earnings results on Wednesday, February 21st. The business services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.13. The firm 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

SSTK stock opened at $42.82 on Thursday. The company has a market capitalization of $1.52 billion, a PE ratio of 14.13 and a beta of 1.09. Shutterstock has a 12 month low of $33.80 and a 12 month high of $74.20. The firm’s 50-day moving average is $45.81 and its 200 day moving average is $44.92.

Shutterstock Increases Dividend

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

Insider Buying and Selling at Shutterstock

In other news, insider John Caine sold 5,440 shares of Shutterstock 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 transaction, the insider now owns 5,439 shares of the company’s stock, valued at approximately $256,720.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 32.30% of the company’s stock.

Wall Street Analyst Weigh In

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

About Shutterstock

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.