Care.com, Inc. (CRCM) Releases Quarterly Earnings Results, Beats Expectations By $0.10 EPS
Care.com, Inc. (NYSE:CRCM) posted its quarterly earnings data on Thursday. The information services provider reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.10, Bloomberg Earnings reports. The business had revenue of $44.50 million during the quarter, compared to the consensus estimate of $44.22 million. Care.com had a return on equity of 17.72% and a net margin of 4.46%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.02 earnings per share. Care.com updated its Q4 guidance to $0.15-0.16 EPS and its FY18 guidance to $0.65 EPS.
Care.com (NYSE:CRCM) traded up $4.65 during trading hours on Friday, reaching $19.63. The company’s stock had a trading volume of 714,708 shares, compared to its average volume of 184,838. The stock has a market capitalization of $590.54 million, a PE ratio of 46.08, a price-to-earnings-growth ratio of 5.50 and a beta of 0.92. Care.com has a 1 year low of $7.51 and a 1 year high of $19.68.
In other Care.com news, CFO Michael Echenberg sold 6,329 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $14.56, for a total value of $92,150.24. Following the completion of the transaction, the chief financial officer now owns 18,876 shares in the company, valued at $274,834.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David Krupinski sold 3,326 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $14.56, for a total value of $48,426.56. Following the completion of the transaction, the insider now owns 176,128 shares of the company’s stock, valued at approximately $2,564,423.68. The disclosure for this sale can be found here. Insiders sold 106,353 shares of company stock valued at $1,726,582 in the last quarter. 24.70% of the stock is currently owned by company insiders.
An institutional investor recently raised its position in Care.com stock. The Manufacturers Life Insurance Company increased its stake in shares of Care.com, Inc. (NYSE:CRCM) by 47.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 73.75% of the company’s stock.
Several equities research analysts recently weighed in on CRCM shares. BidaskClub downgraded Care.com from a “sell” rating to a “strong sell” rating in a report on Friday, September 22nd. Zacks Investment Research raised Care.com from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Tuesday, October 24th. Finally, Roth Capital set a $14.00 price target on Care.com and gave the stock a “hold” rating in a report on Thursday, August 3rd.
Care.com Company Profile
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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