Wall Street analysts forecast that Nuance Communications Inc. (NASDAQ:NUAN) will report earnings per share of $0.28 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Nuance Communications’ earnings, with the highest EPS estimate coming in at $0.30 and the lowest estimate coming in at $0.26. Nuance Communications posted earnings per share of $0.43 in the same quarter last year, which would indicate a negative year over year growth rate of 34.9%. The firm is expected to report its next earnings results on Tuesday, May 8th.

On average, analysts expect that Nuance Communications will report full year earnings of $1.17 per share for the current fiscal year, with EPS estimates ranging from $1.08 to $1.21. For the next fiscal year, analysts anticipate that the company will post earnings of $1.24 per share, with EPS estimates ranging from $1.20 to $1.27. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Nuance Communications.

Nuance Communications (NASDAQ:NUAN) last posted its quarterly earnings results on Thursday, February 8th. The software maker reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. Nuance Communications had a negative net margin of 3.76% and a positive return on equity of 11.74%. The company had revenue of $508.80 million during the quarter, compared to analyst estimates of $508.55 million. During the same period in the prior year, the business posted $0.35 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year.

A number of research analysts have issued reports on the stock. Oppenheimer reissued a “buy” rating and set a $23.00 price objective on shares of Nuance Communications in a research report on Wednesday, November 29th. BidaskClub downgraded shares of Nuance Communications from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. Canaccord Genuity reissued a “buy” rating and set a $21.00 price objective on shares of Nuance Communications in a research report on Monday, January 22nd. TheStreet raised shares of Nuance Communications from a “d+” rating to a “c-” rating in a research report on Wednesday, January 17th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $18.00 price objective (down from $19.00) on shares of Nuance Communications in a research report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $20.50.

Nuance Communications (NASDAQ NUAN) traded up $0.01 during trading hours on Tuesday, reaching $16.11. 1,810,000 shares of the company were exchanged, compared to its average volume of 3,120,000. Nuance Communications has a 52 week low of $14.02 and a 52 week high of $19.93. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.16. The company has a market cap of $4,680.00, a price-to-earnings ratio of -61.96, a P/E/G ratio of 1.55 and a beta of 0.61.

A number of institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its position in Nuance Communications by 8.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,234 shares of the software maker’s stock valued at $178,000 after purchasing an additional 809 shares during the period. Amalgamated Bank grew its position in shares of Nuance Communications by 6.3% in the 4th quarter. Amalgamated Bank now owns 55,060 shares of the software maker’s stock worth $900,000 after buying an additional 3,245 shares during the period. Farmers & Merchants Investments Inc. grew its position in shares of Nuance Communications by 2.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 167,701 shares of the software maker’s stock worth $2,742,000 after buying an additional 3,304 shares during the period. Wedge Capital Management L L P NC grew its position in shares of Nuance Communications by 12.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 35,574 shares of the software maker’s stock worth $582,000 after buying an additional 4,036 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ grew its position in shares of Nuance Communications by 40.2% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 14,993 shares of the software maker’s stock worth $236,000 after buying an additional 4,300 shares during the period. 85.46% of the stock is currently owned by institutional investors and hedge funds.

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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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