Shutterstock (SSTK) Projected to Post Earnings on Tuesday

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

Shutterstock Stock Down 2.5 %

Shares of SSTK opened at $28.71 on Tuesday. The company has a market cap of $1.00 billion, a PE ratio of 28.15 and a beta of 1.08. The business has a fifty day moving average of $30.42 and a 200 day moving average of $32.25. Shutterstock has a 52-week low of $27.30 and a 52-week 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.

Shutterstock Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors 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 is an increase from Shutterstock’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a yield of 4.60%. Shutterstock’s dividend payout ratio (DPR) is currently 117.65%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SSTK. Morgan Stanley lowered their price target on Shutterstock from $58.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday, October 21st. JMP Securities reiterated a “market perform” rating on shares of Shutterstock in a research report on Monday, January 6th. Needham & Company LLC decreased their target price on Shutterstock from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Truist Financial decreased their target price on Shutterstock from $65.00 to $56.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, StockNews.com initiated coverage on Shutterstock in a research report on Tuesday, February 11th. They set a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock 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.