Shutterstock (SSTK) Projected to Post Earnings on Tuesday

Shutterstock (NYSE:SSTK) is expected to issue its quarterly 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 Performance

NYSE SSTK opened at $25.33 on Monday. The company has a market cap of $883.13 million, a P/E ratio of 24.84 and a beta of 1.08. The company has a fifty day simple moving average of $29.96 and a 200 day simple moving average of $31.93. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.23. Shutterstock has a 12-month low of $25.13 and a 12-month high of $54.40.

Shutterstock Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.33 per share. This is a boost from Shutterstock’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date of this dividend is Thursday, March 6th. Shutterstock’s dividend payout ratio (DPR) is currently 129.41%.

Analyst Upgrades and Downgrades

SSTK has been the topic of several recent analyst reports. Truist Financial dropped their price objective on Shutterstock from $65.00 to $56.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. StockNews.com started coverage on shares of Shutterstock in a report on Wednesday, February 19th. They set a “hold” rating on the stock. Needham & Company LLC decreased their price objective on shares of Shutterstock from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, JMP Securities reissued a “market perform” rating on shares of Shutterstock in a research report on Monday, January 6th. Three equities 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, the company presently has a consensus rating of “Hold” and a consensus price target 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.