Nuance Communications, Inc. (NASDAQ:NUAN) Forecasted to Earn Q4 2017 Earnings of $0.04 Per Share
Nuance Communications, Inc. (NASDAQ:NUAN) – Equities researchers at Oppenheimer Holdings lowered their Q4 2017 earnings estimates for shares of Nuance Communications in a report issued on Wednesday. Oppenheimer Holdings analyst S. Eyal now anticipates that the software maker will post earnings per share of $0.04 for the quarter, down from their previous estimate of $0.18. Oppenheimer Holdings has a “Outperform” rating and a $23.00 price target on the stock. Oppenheimer Holdings also issued estimates for Nuance Communications’ Q1 2018 earnings at $0.12 EPS, Q4 2018 earnings at $0.20 EPS and FY2018 earnings at $0.67 EPS.
NUAN has been the topic of several other reports. Barclays PLC restated a “buy” rating and issued a $22.00 price target on shares of Nuance Communications in a research note on Friday, May 12th. Zacks Investment Research downgraded shares of Nuance Communications from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 17th. BidaskClub downgraded shares of Nuance Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Deutsche Bank AG restated a “buy” rating and issued a $25.00 price target on shares of Nuance Communications in a research note on Monday, June 12th. Finally, Stifel Nicolaus upped their price target on shares of Nuance Communications from $16.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, May 10th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $20.11.
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Shares of Nuance Communications (NASDAQ:NUAN) opened at 16.15 on Monday. Nuance Communications has a 12 month low of $13.44 and a 12 month high of $19.93. The stock’s 50 day moving average is $17.33 and its 200 day moving average is $17.44. The firm’s market capitalization is $4.66 billion.
Nuance Communications (NASDAQ:NUAN) last posted its quarterly earnings results on Tuesday, August 8th. The software maker reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.09. Nuance Communications had a positive return on equity of 14.76% and a negative net margin of 3.38%. The company had revenue of $495.60 million during the quarter, compared to analyst estimates of $495.57 million. During the same quarter in the prior year, the business earned $0.38 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis.
A number of large investors have recently made changes to their positions in the company. Essex Investment Management Co. LLC purchased a new stake in shares of Nuance Communications during the first quarter worth about $1,844,000. DUPONT CAPITAL MANAGEMENT Corp increased its stake in shares of Nuance Communications by 14.4% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 238,600 shares of the software maker’s stock worth $4,130,000 after buying an additional 29,975 shares during the last quarter. Wesbanco Bank Inc. purchased a new stake in shares of Nuance Communications during the first quarter worth about $756,000. IFP Advisors Inc increased its stake in shares of Nuance Communications by 5.1% in the first quarter. IFP Advisors Inc now owns 8,270 shares of the software maker’s stock worth $143,000 after buying an additional 400 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new stake in shares of Nuance Communications during the first quarter worth about $17,310,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.
In other Nuance Communications news, CEO Paul Ricci sold 139,267 shares of the stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $19.10, for a total transaction of $2,659,999.70. Following the sale, the chief executive officer now directly owns 2,090,036 shares in the company, valued at $39,919,687.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel David Tempesta sold 7,500 shares of the stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $18.80, for a total transaction of $141,000.00. Following the sale, the insider now owns 295,310 shares in the company, valued at $5,551,828. The disclosure for this sale can be found here. Insiders have sold 181,267 shares of company stock worth $3,422,495 over the last quarter. Corporate insiders own 1.67% of the company’s stock.
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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