Shutterstock (SSTK) to Release Quarterly Earnings on Tuesday

Shutterstock (NYSE:SSTK) is projected to announce its earnings results before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.92 per share and revenue of $254.16 million for the quarter.

Shutterstock Stock Performance

Shares of SSTK stock opened at $25.33 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.42 and a current ratio of 0.42. Shutterstock has a fifty-two week low of $25.13 and a fifty-two week high of $54.40. The stock has a 50 day moving average price of $29.96 and a two-hundred day moving average price of $31.97. The company has a market capitalization of $883.13 million, a P/E ratio of 24.84 and a beta of 1.08.

Shutterstock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a $0.33 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.32 annualized dividend and a yield of 5.21%. This is an increase from Shutterstock’s previous quarterly dividend of $0.30. Shutterstock’s payout ratio is presently 129.41%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Needham & Company LLC lowered their price objective on Shutterstock from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, January 13th. StockNews.com began coverage on Shutterstock in a research note on Wednesday. They set a “hold” rating on the stock. JMP Securities reissued a “market perform” rating on shares of Shutterstock in a research note on Monday, January 6th. Finally, Truist Financial reduced their target price on Shutterstock from $65.00 to $56.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $50.33.

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.