Vocera Communications, Inc. (NYSE:VCRA) Expected to Post Earnings of -$0.06 Per Share
Analysts expect that Vocera Communications, Inc. (NYSE:VCRA) will post ($0.06) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Vocera Communications’ earnings, with the lowest EPS estimate coming in at ($0.07) and the highest estimate coming in at ($0.05). Vocera Communications posted earnings of ($0.02) per share during the same quarter last year, which would indicate a negative year over year growth rate of 200%. The company is scheduled to announce its next quarterly earnings results on Thursday, October 26th.
According to Zacks, analysts expect that Vocera Communications will report full year earnings of ($0.43) per share for the current year, with EPS estimates ranging from ($0.45) to ($0.40). For the next year, analysts anticipate that the company will post earnings of ($0.09) per share, with EPS estimates ranging from ($0.19) to ($0.01). Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Vocera Communications.
Vocera Communications (NYSE:VCRA) last issued its quarterly earnings data on Thursday, July 27th. The communications equipment provider reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by $0.02. Vocera Communications had a negative net margin of 17.28% and a negative return on equity of 14.71%. The company had revenue of $38.45 million during the quarter, compared to the consensus estimate of $37.53 million. During the same period in the previous year, the business posted $0.02 earnings per share. The firm’s revenue was up 23.4% on a year-over-year basis.
Several research analysts recently commented on VCRA shares. Zacks Investment Research cut Vocera Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $28.00 price target (up from $27.00) on shares of Vocera Communications in a research report on Monday, May 1st. ValuEngine raised Vocera Communications from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Leerink Swann increased their price target on Vocera Communications from $24.00 to $31.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Finally, CIBC increased their price target on Vocera Communications from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $28.67.
Shares of Vocera Communications (VCRA) traded up 0.58% on Monday, hitting $27.77. The company had a trading volume of 8,138 shares. Vocera Communications has a 12-month low of $14.70 and a 12-month high of $28.15. The firm has a 50 day moving average of $26.31 and a 200-day moving average of $24.06. The firm’s market capitalization is $789.28 million.
In other news, CFO Justin Spencer sold 34,718 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $25.26, for a total value of $876,976.68. Following the completion of the sale, the chief financial officer now directly owns 184,399 shares of the company’s stock, valued at $4,657,918.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Paul T. Johnson sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $24.97, for a total value of $99,880.00. Following the completion of the sale, the executive vice president now directly owns 170,134 shares of the company’s stock, valued at $4,248,245.98. The disclosure for this sale can be found here. Insiders have sold 393,245 shares of company stock valued at $10,174,851 over the last three months. Insiders own 6.30% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in VCRA. Gilder Gagnon Howe & Co. LLC acquired a new stake in Vocera Communications during the first quarter worth about $5,901,000. Norges Bank acquired a new stake in Vocera Communications during the fourth quarter worth about $5,622,000. Strs Ohio acquired a new stake in Vocera Communications during the first quarter worth about $749,000. Redwood Investments LLC acquired a new stake in Vocera Communications during the first quarter worth about $6,443,000. Finally, UBS Asset Management Americas Inc. boosted its stake in Vocera Communications by 2,931.3% in the first quarter. UBS Asset Management Americas Inc. now owns 387,066 shares of the communications equipment provider’s stock worth $9,611,000 after buying an additional 374,297 shares during the last quarter.
About Vocera Communications
Vocera Communications, Inc is a provider of communication solutions for mobile workers in healthcare, hospitality, energy, education and other industries. The Company’s segments include Product and Service. The Company’s solutions include the Vocera Communication System, Vocera Care Experience, Vocera Engage integration platform, smartphone applications and its Experience Innovation Network.
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