Stamps.com(NASDAQ:STMP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $84.01M. Analysts estimated a revenue of $73.49M. Earnings per share were $1.94. Analysts had estimated an EPS of $1.26.
In a different note, Prescience Point said it Initiates Coverage on Stamps.com, according to a research note issued on Jul 14, 2016. The shares have been rated ‘Sell’ by the firm.
Stamps.com (STMP) made into the market gainers list on Thursdays trading session with the shares advancing 0.86% or 0.67 points. Due to strong positive momentum, the stock ended at $78.67, which is also near the day’s high of $79.61. The stock began the session at $77.91 and the volume stood at 4,13,857 shares. The 52-week high of the shares is $123.75 and the 52 week low is $65.36. The company has a current market capitalization of $1,373 M and it has 1,74,46,820 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Jun 27, 2016, James Bortnak (Co-President and Corp & BusDev) sold 5,000 shares at $86.30 per share price.Also, On Mar 17, 2016, G Bradford Jones (director) purchased 10,000 shares at $113.15 per share price.On Mar 8, 2016, Lloyd I Iii Miller (director) sold 2,560 shares at $123.11 per share price, according to the Form-4 filing with the securities and exchange commission.
Stamps.com Inc. is a provider of Internet-based mailing and shipping solutions. Under the Stamps.com branded solutions the Company’s customers use its service to mail and ship a range of mail pieces including postcards envelopes flats and packages using a range of United States Postal Service (USPS) mail classes including First Class Mail Priority Mail Priority Mail Express Media Mail and Parcel Select and among others. Its customers include individuals small businesses home offices medium-size businesses and large enterprises and within these segments the Company targets both mailers and shippers. In addition the Company offers multi-carrier shipping solutions under the brand names ShipStation and ShipWorks. The Company’s products and services include Mailing and Shipping Business and PhotoStamps.