Nuance Communications, Inc. (NASDAQ:NUAN) Releases Q4 Earnings Guidance
Nuance Communications, Inc. (NASDAQ:NUAN) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.12-0.17 for the period, compared to the Thomson Reuters consensus estimate of $0.25. The company issued revenue guidance of $442-472, compared to the consensus revenue estimate of $500.95 million.
Several brokerages have weighed in on NUAN. Deutsche Bank AG reiterated a buy rating and issued a $25.00 price target on shares of Nuance Communications in a report on Monday, June 12th. Zacks Investment Research upgraded Nuance Communications from a strong sell rating to a hold rating in a report on Wednesday, July 12th. Stifel Nicolaus boosted their price target on Nuance Communications from $16.00 to $19.00 and gave the company a hold rating in a report on Wednesday, May 10th. BidaskClub downgraded Nuance Communications from a hold rating to a sell rating in a report on Wednesday, July 5th. Finally, Barclays PLC reiterated a buy rating and issued a $22.00 price target on shares of Nuance Communications in a report on Friday, May 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $20.89.
Shares of Nuance Communications, Inc. (NUAN) traded up 0.12% during mid-day trading on Tuesday, hitting $17.02. 2,390,293 shares of the stock traded hands. The stock has a 50-day moving average of $17.73 and a 200-day moving average of $17.41. Nuance Communications, Inc. has a 52 week low of $13.44 and a 52 week high of $19.93. The company’s market cap is $4.90 billion.
Nuance Communications (NASDAQ:NUAN) last released its earnings results on Tuesday, May 9th. The software maker reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by $0.04. Nuance Communications had a positive return on equity of 15.76% and a negative net margin of 2.57%. The company had revenue of $511.10 million during the quarter, compared to analysts’ expectations of $506.83 million. During the same quarter in the previous year, the company earned $0.38 EPS. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. Analysts anticipate that Nuance Communications, Inc. will post $1.10 EPS for the current year.
In other Nuance Communications news, insider Daniel David Tempesta sold 7,500 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $17.36, for a total value of $130,200.00. Following the completion of the sale, the insider now owns 270,810 shares in the company, valued at approximately $4,701,261.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Paul Ricci sold 139,267 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $19.10, for a total transaction of $2,659,999.70. Following the completion of the sale, the chief executive officer now owns 2,090,036 shares of the company’s stock, valued at approximately $39,919,687.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 199,931 shares of company stock valued at $3,779,244. Insiders own 1.67% of the company’s stock.
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About Nuance Communications
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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