Shutterstock (SSTK) Expected to Announce Earnings on Tuesday

Shutterstock (NYSE:SSTK - Get Free Report) will likely be announcing 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 Price Performance

SSTK stock traded down $0.98 during trading on Friday, reaching $25.33. The company's stock had a trading volume of 525,690 shares, compared to its average volume of 754,114. Shutterstock has a 1 year low of $25.13 and a 1 year high of $54.40. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $883.11 million, a P/E ratio of 24.84 and a beta of 1.08. The company's fifty day moving average is $30.10 and its 200-day moving average is $32.09.

Shutterstock Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date is Thursday, March 6th. This is a positive change from Shutterstock's previous quarterly dividend of $0.30. Shutterstock's dividend payout ratio is presently 117.65%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SSTK shares. StockNews.com started coverage on Shutterstock in a research note on Wednesday. They issued a "hold" rating for the company. JMP Securities restated a "market perform" rating on shares of Shutterstock in a research report on Monday, January 6th. Needham & Company LLC cut 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. Finally, Truist Financial cut their price objective on Shutterstock from $65.00 to $56.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Shutterstock presently has a consensus rating of "Hold" and a consensus target price of $50.33.

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.