Stamps.com Reports Fourth Quarter and Fiscal 2018 Results
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February 22, 2019 8:21 AM EST
Maxim Group analyst Allen Klee downgraded Stamps.com (NASDAQ: STMP) from Buy to Hold.
The cut comes as the company is not renewing the contract with the USPS, shift to multi-carrier strategy adds uncertainly.
For an analyst ratings summary and... More
February 22, 2019 7:49 AM EST
Roth Capital analyst Darren Aftahi downgraded Stamps.com (NASDAQ: STMP) from Buy to Sell with a price target of $78.00.
The analyst said the discontinued USPS partnership creates uncertainty around forward growth/profit under the multi-carrier platform strategy.
"While 4Q results beat, STMPs... More
February 21, 2019 4:33 PM EST
Stamps.com (NASDAQ: STMP) reported Q4 EPS of $3.73, $0.83 better than the analyst estimate of $2.90. Revenue for the quarter came in at $170.2 million versus the consensus estimate of $159.99 million.
Total revenue was $170.2 million, up 29% compared to $132.5 million in the fourth quarter of 2017.GAAP net income was $42.7 million, up 6% compared to $40.2 million in the fourth quarter of 2017.GAAP net income per fully diluted share was $2.30, up 7% compared to $2.15 in the fourth quarter of 2017.Non-GAAP...
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