Shutterstock (SSTK) Set to Announce Earnings on Thursday

Shutterstock (NYSE:SSTK) is scheduled to release 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. Parties interested in participating in the company’s conference call can do so using this link.

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

Shutterstock Trading Up 1.3 %

Shares of NYSE:SSTK opened at $42.93 on Tuesday. The stock has a 50 day moving average of $45.59 and a 200 day moving average of $45.05. The company has a market cap of $1.53 billion, a PE ratio of 14.17 and a beta of 1.09. Shutterstock has a 12-month low of $33.80 and a 12-month high of $67.48.

Shutterstock Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.80%. Shutterstock’s payout ratio is currently 39.60%.

Insider Buying and Selling

In other Shutterstock news, insider John Caine sold 1,974 shares of Shutterstock stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $43.30, for a total value of $85,474.20. Following the sale, the insider now owns 7,413 shares of the company’s stock, valued at approximately $320,982.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 32.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Morgan Stanley began coverage on shares of Shutterstock in a research note on Thursday, February 22nd. They set an “equal weight” rating and a $55.00 target price on the stock. Truist Financial cut their target price on Shutterstock from $85.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, February 22nd. StockNews.com cut Shutterstock from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $60.00 price objective on shares of Shutterstock in a report on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Shutterstock presently 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.