Equities analysts expect Nuance Communications, Inc. (NASDAQ:NUAN) to announce $492.78 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Nuance Communications’ earnings. The lowest sales estimate is $490.91 million and the highest is $493.90 million. Nuance Communications posted sales of $496.02 million in the same quarter last year, which would indicate a negative year over year growth rate of 0.7%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, February 6th.

On average, analysts expect that Nuance Communications will report full-year sales of $492.78 million for the current financial year, with estimates ranging from $2.04 billion to $2.07 billion. For the next financial year, analysts expect that the firm will report sales of $2.14 billion per share, with estimates ranging from $2.11 billion to $2.17 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that that provide coverage for Nuance Communications.

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 Thomson Reuters’ consensus estimate of $0.15 by $0.05. The firm had revenue of $474.70 million during the quarter, compared to the consensus estimate of $457.09 million. Nuance Communications had a negative net margin of 7.75% and a positive return on equity of 12.15%. The business’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period last year, the business posted $0.41 earnings per share.

Several equities research analysts have issued reports on NUAN shares. Zacks Investment Research upgraded shares of Nuance Communications from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. TheStreet downgraded shares of Nuance Communications from a “c” rating to a “d+” rating in a research report on Tuesday, November 28th. Morgan Stanley raised shares of Nuance Communications from an “equal weight” rating to an “overweight” rating and set a $18.00 target price on the stock in a report on Thursday, November 2nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $18.00 target price (down from $19.00) on shares of Nuance Communications in a report on Wednesday, November 29th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $23.00 target price on shares of Nuance Communications in a report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Nuance Communications currently has a consensus rating of “Buy” and a consensus price target of $20.50.

In related news, insider Daniel David Tempesta sold 6,500 shares of Nuance Communications stock in a transaction that occurred 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 transaction, the insider now directly owns 258,188 shares of the company’s stock, valued at $4,022,569.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kenneth M. Siegel sold 4,682 shares of Nuance Communications stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $16.00, for a total transaction of $74,912.00. The disclosure for this sale can be found here. Insiders sold 15,864 shares of company stock worth $243,603 over the last three months. 1.67% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Nuance Communications by 1.5% in the second quarter. Vanguard Group Inc. now owns 23,288,701 shares of the software maker’s stock valued at $405,455,000 after buying an additional 335,427 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Nuance Communications by 3.6% in the third quarter. Ameriprise Financial Inc. now owns 18,257,115 shares of the software maker’s stock valued at $286,977,000 after buying an additional 637,014 shares in the last quarter. Pictet Asset Management Ltd. boosted its position in Nuance Communications by 29.4% in the third quarter. Pictet Asset Management Ltd. now owns 5,390,900 shares of the software maker’s stock valued at $84,746,000 after buying an additional 1,224,085 shares in the last quarter. Sirios Capital Management L P boosted its position in Nuance Communications by 30.9% in the third quarter. Sirios Capital Management L P now owns 5,015,098 shares of the software maker’s stock valued at $78,838,000 after buying an additional 1,183,013 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its position in Nuance Communications by 6.0% in 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 in the last quarter. 85.56% of the stock is currently owned by institutional investors and hedge funds.

Shares of Nuance Communications (NUAN) opened at $15.60 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.16. The stock has a market cap of $4,502.22, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 1.60 and a beta of 0.60. Nuance Communications has a 1 year low of $14.02 and a 1 year high of $19.93.

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Nuance Communications Company Profile

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

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