Zacks: Analysts Anticipate Nuance Communications, Inc. (NUAN) Will Post Quarterly Sales of $519.59 Million
Wall Street brokerages forecast that Nuance Communications, Inc. (NASDAQ:NUAN) will report sales of $519.59 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Nuance Communications’ earnings, with the lowest sales estimate coming in at $498.48 million and the highest estimate coming in at $560.67 million. Nuance Communications reported sales of $484.86 million in the same quarter last year, which would suggest a positive year over year growth rate of 7.2%. The company is expected to announce its next quarterly earnings results on Monday, August 14th.
According to Zacks, analysts expect that Nuance Communications will report full-year sales of $519.59 million for the current fiscal year, with estimates ranging from $2.01 billion to $2.05 billion. For the next fiscal year, analysts expect that the firm will report sales of $2.11 billion per share, with estimates ranging from $2.11 billion to $2.12 billion. Zacks Investment Research’s sales 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 Tuesday, May 9th. The software maker reported $0.21 EPS for the quarter, missing the consensus estimate of $0.25 by $0.04. The firm had revenue of $511.10 million during the quarter, compared to analyst estimates of $506.83 million. Nuance Communications had a negative net margin of 2.57% and a positive return on equity of 15.76%. The company’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the company earned $0.38 EPS.
Several equities research analysts have issued reports on the stock. Deutsche Bank AG restated a “buy” rating and set a $25.00 price objective on shares of Nuance Communications in a research report on Monday, June 12th. Stifel Nicolaus raised their price objective on shares of Nuance Communications from $16.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday, May 10th. Zacks Investment Research upgraded shares of Nuance Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. BidaskClub downgraded shares of Nuance Communications from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Barclays PLC restated a “buy” rating and set a $22.00 price objective on shares of Nuance Communications in a research report on Friday, May 12th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $22.00.
In other news, CEO Paul Ricci sold 139,267 shares of Nuance Communications stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $19.10, for a total value of $2,659,999.70. Following the completion of the sale, the chief executive officer now directly owns 2,090,036 shares in the company, valued at $39,919,687.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Robert C. Schassler sold 2,500 shares of Nuance Communications stock in a transaction that occurred on Wednesday, April 26th. The shares were sold at an average price of $18.00, for a total transaction of $45,000.00. Following the completion of the sale, the insider now owns 209,536 shares of the company’s stock, valued at $3,771,648. The disclosure for this sale can be found here. Over the last quarter, insiders sold 202,861 shares of company stock valued at $3,835,693. 1.67% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Reliance Trust Co. of Delaware increased its stake in Nuance Communications by 9.3% in the first quarter. Reliance Trust Co. of Delaware now owns 57,294 shares of the software maker’s stock worth $991,000 after buying an additional 4,887 shares during the last quarter. Bank of Montreal Can increased its stake in Nuance Communications by 2,147.4% in the first quarter. Bank of Montreal Can now owns 684,206 shares of the software maker’s stock worth $11,845,000 after buying an additional 653,762 shares during the last quarter. Raymond James Trust N.A. acquired a new stake in Nuance Communications during the first quarter worth $185,000. Peregrine Capital Management LLC increased its stake in Nuance Communications by 13.8% in the first quarter. Peregrine Capital Management LLC now owns 2,346,535 shares of the software maker’s stock worth $39,938,000 after buying an additional 283,896 shares during the last quarter. Finally, Highbridge Capital Management LLC increased its stake in Nuance Communications by 11.6% in the fourth quarter. Highbridge Capital Management LLC now owns 1,778,856 shares of the software maker’s stock worth $26,505,000 after buying an additional 184,263 shares during the last quarter. Institutional investors own 85.99% of the company’s stock.
Nuance Communications (NUAN) traded up 0.64% during trading on Friday, reaching $17.28. The company’s stock had a trading volume of 1,326,806 shares. The firm’s 50-day moving average is $18.70 and its 200-day moving average is $17.07. The stock’s market cap is $4.97 billion. Nuance Communications has a 52-week low of $13.44 and a 52-week high of $19.93.
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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