Nuance Communications, Inc. (NUAN) Expected to Post Q1 2018 Earnings of $0.12 Per Share

Nuance Communications, Inc. (NASDAQ:NUAN) – Analysts at Craig Hallum issued their Q1 2018 EPS estimates for shares of Nuance Communications in a report released on Wednesday. Craig Hallum analyst J. Van. Rhee expects that the software maker will earn $0.12 per share for the quarter. Craig Hallum also issued estimates for Nuance Communications’ Q2 2018 earnings at $0.18 EPS, Q3 2018 earnings at $0.21 EPS and Q4 2018 earnings at $0.26 EPS.

A number of other brokerages also recently issued reports on NUAN. Barclays lowered their price objective on Nuance Communications from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 9th. Raymond James Financial lowered their price objective on Nuance Communications from $24.00 to $22.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, August 9th. Deutsche Bank lowered their price objective on Nuance Communications from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. Canaccord Genuity lowered their price objective on Nuance Communications from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $23.00 price objective (down previously from $26.00) on shares of Nuance Communications in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $20.86.

Shares of Nuance Communications (NASDAQ:NUAN) traded down $0.83 during mid-day trading on Friday, hitting $15.54. The company had a trading volume of 24,587,300 shares, compared to its average volume of 2,771,175. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.14. Nuance Communications has a one year low of $14.02 and a one year high of $19.93. The stock has a market capitalization of $4,577.19, a P/E ratio of 19.83, a PEG ratio of 1.86 and a beta of 0.58.

Nuance Communications (NASDAQ:NUAN) last issued its quarterly earnings data on Tuesday, November 28th. The software maker reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.05. Nuance Communications had a positive return on equity of 12.14% and a negative net margin of 7.75%. The company had revenue of $474.70 million for the quarter, compared to the consensus estimate of $457.09 million. During the same quarter last year, the business posted $0.41 earnings per share. The firm’s revenue was down 7.4% compared to the same quarter last year.

In other news, EVP Kenneth M. Siegel sold 4,682 shares of the firm’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $16.00, for a total transaction of $74,912.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Daniel David Tempesta sold 6,500 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $15.58, for a total value of $101,270.00. Following the transaction, the insider now directly owns 258,188 shares in the company, valued at $4,022,569.04. The disclosure for this sale can be found here. In the last three months, insiders sold 15,864 shares of company stock worth $243,603. 1.67% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the company. Jana Partners LLC bought a new position in shares of Nuance Communications during the third quarter valued at about $3,622,000. IFM Investors Pty Ltd grew its stake in shares of Nuance Communications by 37.7% during the third quarter. IFM Investors Pty Ltd now owns 21,626 shares of the software maker’s stock valued at $340,000 after buying an additional 5,922 shares during the last quarter. Neuberger Berman Group LLC grew its stake in shares of Nuance Communications by 6.0% during the third quarter. Neuberger Berman Group LLC now owns 4,903,924 shares of the software maker’s stock valued at $77,090,000 after buying an additional 277,184 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of Nuance Communications by 2.1% during the third quarter. California Public Employees Retirement System now owns 484,651 shares of the software maker’s stock valued at $7,619,000 after buying an additional 10,051 shares during the last quarter. Finally, Vident Investment Advisory LLC grew its stake in shares of Nuance Communications by 80.8% during the third quarter. Vident Investment Advisory LLC now owns 785,592 shares of the software maker’s stock valued at $12,350,000 after buying an additional 351,098 shares during the last quarter. 85.57% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Earnings History and Estimates for Nuance Communications (NASDAQ:NUAN)

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