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Stamps.com Inc. (STMP) provides Internet-based postage solutions in the United States.
It offers solutions for mailing and shipping various mail pieces, such as 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, Parcel Select, and others.
The companys products and services comprise USPS approved PC Postage service that enables users to print electronic stamps directly onto envelopes, plain paper, or labels using personal computer, printer, and Internet connection.
It also provides multi carrier shipping solutions under the ShipStation and ShipWorks brands; mailing and shipping integrations solutions comprising electronic postage for transactions to partners who manage the front-end process; sells NetStamps labels, shipping labels, other mailing labels, postage printers, scales, and other mailing and shipping-focused office supplies through its mailing and shipping supplies store; and Stamps.com branded insurance to insure mails or packages.
In addition, the company offers PhotoStamps, a patented form of postage service, which allows consumers to turn digital photos, designs, or images into USPS-approved postages. It serves individuals, small businesses, home offices, medium-size businesses, and large enterprises.
Shares have formed a bullish "flag" following the Company's latest quarterly report. Total revenue surged 67% year over year to $69.9 million, with mailing and shipping revenue jumping 67% to $67.2 million and customized postage revenue leaping 78% to $2.7 million. Helping to drive those results was a 21% year-over-year increase in paid customers to 633,000 and a 38% rise in average revenue per unit (ARPU) to $35.35. In addition, total postage printed in Q4 was $1 billion, a 71% increase from the year-ago quarter. Management expects full-year 2016 revenue to be between $290 million and $310 million, and non-GAAP net income per share is projected to be in a range of $5.00 to $5.50. The company also recently approved a new share buyback program that authorizes the repurchase up to $20 million of Stamps.com's shares during the next six months.
Higher share prices are expected for this stock.
52-Weeks Trading Range: $57.16 - $123.75
Entry Point: $113.00
Stop Loss: $107.30
Target Price: $124.30
STMP closed at $106.00
