Care.com, Inc. (CRCM) Scheduled to Post Earnings on Monday
Care.com, Inc. (NYSE:CRCM) is set to release its earnings data before the market opens on Monday, October 30th. Analysts expect Care.com to post earnings of $0.08 per share for the quarter. Care.com has set its Q3 guidance at $0.07-0.08 EPS and its FY17 guidance at $0.37-0.40 EPS.
Care.com (NYSE:CRCM) last announced its earnings results on Thursday, August 10th. The information services provider reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.15. Care.com had a net margin of 3.66% and a return on equity of 10.98%. The business had revenue of $42.00 million during the quarter, compared to analyst estimates of $41.34 million. During the same period in the previous year, the business posted ($0.03) earnings per share. Care.com’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, analysts expect Care.com to post $0.40 EPS for the current fiscal year and $0.48 EPS for the next fiscal year.
Shares of Care.com, Inc. (NYSE CRCM) traded down 0.45% during midday trading on Monday, reaching $15.37. 18,884 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $15.33 and its 200 day moving average price is $14.61. The firm has a market capitalization of $457.55 million, a PE ratio of 614.80 and a beta of 0.94. Care.com, Inc. has a one year low of $7.51 and a one year high of $16.92.
CRCM has been the subject of a number of analyst reports. BidaskClub upgraded Care.com from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded Care.com from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Tuesday, October 17th. Roth Capital set a $14.00 price target on Care.com and gave the stock a “hold” rating in a research report on Thursday, August 10th. Finally, Stifel Nicolaus raised their price target on Care.com from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, August 11th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $15.33.
In related news, insider David Krupinski sold 3,825 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $14.66, for a total value of $56,074.50. Following the completion of the sale, the insider now directly owns 175,934 shares in the company, valued at $2,579,192.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Diane Musi sold 11,567 shares of the firm’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $15.81, for a total value of $182,874.27. Following the completion of the sale, the general counsel now owns 35,328 shares of the company’s stock, valued at $558,535.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 62,178 shares of company stock valued at $973,576. 24.70% of the stock is owned by corporate insiders.
A hedge fund recently raised its stake in Care.com stock. The Manufacturers Life Insurance Company raised its holdings in shares of Care.com, Inc. (NYSE:CRCM) by 47.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,801 shares of the information services provider’s stock after purchasing an additional 3,805 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Care.com were worth $179,000 at the end of the most recent reporting period. 73.68% of the stock is currently owned by hedge funds and other institutional investors.
Care.com, Inc is an online marketplace for finding and managing family care. As of December 31, 2016, the Company had 22.8 million members, including 12.9 million families and 9.9 million caregivers, spanning 19 countries. Its consumer matching solutions allow families to search for, qualify, vet, connect with and select caregivers.
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