Nuance Communications, Inc. (NUAN) Expected to Post Earnings of $0.15 Per Share
Brokerages expect Nuance Communications, Inc. (NASDAQ:NUAN) to report earnings of $0.15 per share for the current fiscal quarter, Zacks Investment Research 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 during the same quarter last year, which would indicate a negative year over year growth rate of 63.4%. The firm is expected to issue its next earnings results after the market closes on Tuesday, November 28th.
On average, analysts expect that Nuance Communications will report full year earnings of $1.00 per share for the current fiscal year, with EPS estimates ranging from $0.98 to $1.03. For the next fiscal year, analysts anticipate that the business will report earnings of $1.11 per share, with EPS estimates ranging from $1.07 to $1.24. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Nuance Communications.
Nuance Communications (NASDAQ:NUAN) last posted its quarterly earnings data on Tuesday, August 8th. The software maker reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.09). The firm had revenue of $495.60 million for the quarter, compared to analysts’ expectations of $495.57 million. Nuance Communications had a negative net margin of 3.38% and a positive return on equity of 14.73%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.38 EPS.
A number of equities research analysts have issued reports on the company. Zacks Investment Research cut Nuance Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Morgan Stanley reaffirmed an “equal weight” rating and set a $18.00 target price (down previously from $19.00) on shares of Nuance Communications in a research report on Tuesday, July 25th. BidaskClub cut Nuance Communications from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Barclays PLC decreased their target price on Nuance Communications from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Wednesday, August 9th. Finally, Raymond James Financial, Inc. decreased their target price on 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Nuance Communications has an average rating of “Buy” and an average target price of $20.38.
In related news, EVP Kenneth M. Siegel sold 4,682 shares of the company’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel David Tempesta sold 6,500 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $15.58, for a total value of $101,270.00. Following the completion of the transaction, the insider now owns 258,188 shares of the company’s stock, valued at $4,022,569.04. The disclosure for this sale can be found here. Insiders sold 25,182 shares of company stock valued at $410,317 over the last 90 days. 1.67% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC acquired a new position in shares of Nuance Communications in the second quarter valued at $103,000. Commonwealth Bank of Australia raised its stake in Nuance Communications by 29.6% during the second quarter. Commonwealth Bank of Australia now owns 7,000 shares of the software maker’s stock worth $121,000 after acquiring an additional 1,600 shares in the last quarter. Ledyard National Bank raised its stake in Nuance Communications by 4.8% during the second quarter. Ledyard National Bank now owns 7,160 shares of the software maker’s stock worth $125,000 after acquiring an additional 330 shares in the last quarter. Exane Derivatives raised its stake in Nuance Communications by 250.3% during the third quarter. Exane Derivatives now owns 8,274 shares of the software maker’s stock worth $130,000 after acquiring an additional 5,912 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in Nuance Communications by 23.5% during the second quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the software maker’s stock worth $146,000 after acquiring an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 84.16% of the company’s stock.
Shares of Nuance Communications (NUAN) opened at 14.94 on Monday. The stock’s market cap is $4.31 billion. The stock’s 50 day moving average is $15.74 and its 200-day moving average is $17.09. Nuance Communications has a 1-year low of $13.44 and a 1-year high of $19.93.
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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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