Nuance Communications, Inc. (NUAN) Expected to Post Earnings of $0.15 Per Share
Wall Street brokerages expect that Nuance Communications, Inc. (NASDAQ:NUAN) will report earnings per share of $0.15 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Nuance Communications’ earnings, with estimates ranging from $0.14 to $0.18. Nuance Communications reported earnings per share of $0.41 in the same quarter last year, which would suggest a negative year over year growth rate of 63.4%. The company is expected to report its next earnings report on Thursday, November 16th.
On average, analysts expect that Nuance Communications will report full-year earnings of $1.00 per share for the current financial year, with EPS estimates ranging from $0.98 to $1.03. For the next year, analysts anticipate that the company will post earnings of $1.11 per share, with EPS estimates ranging from $1.07 to $1.24. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Nuance Communications.
Nuance Communications (NASDAQ:NUAN) last announced its earnings results on Tuesday, August 8th. The software maker reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.09). Nuance Communications had a positive return on equity of 14.73% and a negative net margin of 3.38%. The company had revenue of $495.60 million during the quarter, compared to the consensus estimate of $495.57 million. During the same period in the prior year, the firm posted $0.38 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis.
Several research firms have issued reports on NUAN. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $23.00 price target (down previously from $26.00) on shares of Nuance Communications in a report on Thursday, August 10th. Raymond James Financial, Inc. reduced their price objective on shares of Nuance Communications from $24.00 to $22.00 and set a “strong-buy” rating for the company in a research report on Wednesday, August 9th. BidaskClub downgraded shares of Nuance Communications from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Morgan Stanley reaffirmed an “equal weight” rating and set a $18.00 price objective (down previously from $19.00) on shares of Nuance Communications in a research report on Tuesday, July 25th. Finally, Zacks Investment Research downgraded shares of Nuance Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Nuance Communications currently has an average rating of “Hold” and an average price target of $20.38.
Shares of Nuance Communications (NASDAQ:NUAN) opened at 15.91 on Wednesday. Nuance Communications has a 12 month low of $13.44 and a 12 month high of $19.93. The firm’s market cap is $4.59 billion. The stock’s 50 day moving average is $15.91 and its 200 day moving average is $17.23.
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In other Nuance Communications news, EVP Kenneth M. Siegel sold 4,682 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $16.00, for a total value of $74,912.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel David Tempesta sold 7,500 shares of the business’s 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 of the company’s stock, valued at approximately $4,701,261.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,182 shares of company stock valued at $410,317. 1.67% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the stock. Rhumbline Advisers grew its stake in shares of Nuance Communications by 5.3% in the second quarter. Rhumbline Advisers now owns 268,222 shares of the software maker’s stock worth $4,670,000 after acquiring an additional 13,453 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Nuance Communications by 40.7% in the second quarter. Bank of Montreal Can now owns 962,622 shares of the software maker’s stock worth $16,760,000 after acquiring an additional 278,416 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Nuance Communications by 9.9% in the second quarter. Pacer Advisors Inc. now owns 52,116 shares of the software maker’s stock worth $907,000 after acquiring an additional 4,678 shares during the last quarter. Aviva PLC grew its stake in shares of Nuance Communications by 20.2% in the second quarter. Aviva PLC now owns 175,793 shares of the software maker’s stock worth $3,062,000 after acquiring an additional 29,540 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Nuance Communications by 25.2% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 90,381 shares of the software maker’s stock worth $1,574,000 after acquiring an additional 18,165 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors.
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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