Nuance Communications, Inc. (NUAN) Expected to Post Earnings of $0.22 Per Share
Equities analysts forecast that Nuance Communications, Inc. (NASDAQ:NUAN) will announce earnings of $0.22 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Nuance Communications’ earnings. The lowest EPS estimate is $0.20 and the highest is $0.27. Nuance Communications reported earnings of $0.35 per share in the same quarter last year, which indicates a negative year over year growth rate of 37.1%. The company is scheduled to report its next quarterly earnings report on Tuesday, February 6th.
According to Zacks, analysts expect that Nuance Communications will report full-year earnings of $1.11 per share for the current fiscal year, with EPS estimates ranging from $1.08 to $1.15. For the next year, analysts anticipate that the company will post earnings of $1.19 per share, with EPS estimates ranging from $1.15 to $1.25. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Nuance Communications.
Nuance Communications (NASDAQ:NUAN) last announced its quarterly earnings results on Tuesday, November 28th. The software maker reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.05. The firm had revenue of $474.70 million for the quarter, compared to the consensus estimate of $457.09 million. Nuance Communications had a positive return on equity of 12.15% and a negative net margin of 7.75%. The business’s revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share.
A number of equities analysts have weighed in on the company. Barclays lowered their price target on Nuance Communications from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 9th. Raymond James Financial lowered their price target on Nuance Communications from $24.00 to $22.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, August 9th. Deutsche Bank lowered their price target on Nuance Communications from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. Canaccord Genuity lowered their price target on Nuance Communications from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $23.00 target price (down previously from $26.00) on shares of Nuance Communications in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $20.50.
Shares of Nuance Communications (NASDAQ:NUAN) traded up $0.43 during midday trading on Thursday, reaching $15.49. The company’s stock had a trading volume of 5,515,800 shares, compared to its average volume of 2,807,148. The firm has a market capitalization of $4,371.59, a P/E ratio of 18.83, a PEG ratio of 1.55 and a beta of 0.60. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.16. Nuance Communications has a 1 year low of $14.02 and a 1 year high of $19.93.
In related news, insider Daniel David Tempesta sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $15.58, for a total value of $101,270.00. Following the completion of the sale, the insider now directly owns 258,188 shares in the company, valued at $4,022,569.04. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kenneth M. Siegel sold 4,682 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $16.00, for a total value of $74,912.00. The disclosure for this sale can be found here. Insiders sold 15,864 shares of company stock worth $243,603 in the last ninety days. 1.67% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC bought a new stake in shares of Nuance Communications in the second quarter valued at approximately $103,000. Commonwealth Bank of Australia boosted its stake in shares of Nuance Communications by 29.6% in the second quarter. Commonwealth Bank of Australia now owns 7,000 shares of the software maker’s stock valued at $121,000 after buying an additional 1,600 shares during the period. Exane Derivatives boosted its stake in shares of Nuance Communications by 250.3% in the third quarter. Exane Derivatives now owns 8,274 shares of the software maker’s stock valued at $130,000 after buying an additional 5,912 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Nuance Communications by 23.5% in the second quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the software maker’s stock valued at $146,000 after buying an additional 1,600 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Nuance Communications in the third quarter valued at approximately $149,000. Institutional investors and hedge funds own 85.56% of the company’s stock.
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Nuance Communications Company Profile
Nuance Communications, Inc is a provider of voice recognition and natural language understanding solutions. The Company’s segments include Healthcare, Mobile, Enterprise and Imaging. The Healthcare segment provides clinical speech and clinical language understanding solutions. The solutions for the Healthcare segment include transcription solutions, Dragon Medical, and clinical document improvement (CDI) and coding solutions.
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