Q2 2018 EPS Estimates for Nuance Communications Inc. Boosted by Analyst (NUAN)
Nuance Communications Inc. (NASDAQ:NUAN) – Research analysts at Oppenheimer lifted their Q2 2018 earnings estimates for shares of Nuance Communications in a research report issued to clients and investors on Tuesday. Oppenheimer analyst S. Eyal now expects that the software maker will earn $0.21 per share for the quarter, up from their previous forecast of $0.19. Oppenheimer currently has a “Buy” rating and a $23.00 target price on the stock.
Nuance Communications (NASDAQ:NUAN) last posted its quarterly earnings data on Tuesday, November 28th. The software maker reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.05. The firm had revenue of $474.70 million during the quarter, compared to analysts’ expectations of $457.09 million. Nuance Communications had a negative net margin of 7.75% and a positive return on equity of 12.15%. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 EPS.
Shares of Nuance Communications (NASDAQ:NUAN) opened at $18.14 on Thursday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market cap of $5,201.79, a PE ratio of 22.40, a price-to-earnings-growth ratio of 1.73 and a beta of 0.60. Nuance Communications has a 1 year low of $14.02 and a 1 year high of $19.93.
In other news, EVP Kenneth M. Siegel sold 4,682 shares of Nuance Communications stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $14.40, for a total transaction of $67,420.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.67% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Nuance Communications by 1.5% during the second quarter. Vanguard Group Inc. now owns 23,288,701 shares of the software maker’s stock valued at $405,455,000 after purchasing an additional 335,427 shares during the period. Ameriprise Financial Inc. grew its holdings in Nuance Communications by 3.6% during the third quarter. Ameriprise Financial Inc. now owns 18,257,115 shares of the software maker’s stock valued at $286,977,000 after purchasing an additional 637,014 shares during the period. Pictet Asset Management Ltd. grew its holdings in Nuance Communications by 29.4% during the third quarter. Pictet Asset Management Ltd. now owns 5,390,900 shares of the software maker’s stock valued at $84,746,000 after purchasing an additional 1,224,085 shares during the period. Sirios Capital Management L P grew its holdings in Nuance Communications by 30.9% during the third quarter. Sirios Capital Management L P now owns 5,015,098 shares of the software maker’s stock valued at $78,838,000 after purchasing an additional 1,183,013 shares during the period. Finally, Neuberger Berman Group LLC grew its holdings in Nuance Communications by 6.0% during the third quarter. Neuberger Berman Group LLC now owns 4,903,924 shares of the software maker’s stock valued at $77,090,000 after purchasing an additional 277,184 shares during the period. Hedge funds and other institutional investors own 85.07% 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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