$43.54 Million in Sales Expected for Vocera Communications Inc (VCRA) This Quarter
Brokerages expect Vocera Communications Inc (NYSE:VCRA) to report $43.54 million in sales for the current quarter, Zacks reports. Six analysts have issued estimates for Vocera Communications’ earnings. The highest sales estimate is $44.50 million and the lowest is $42.30 million. Vocera Communications posted sales of $36.01 million in the same quarter last year, which suggests a positive year over year growth rate of 20.9%. The firm is expected to announce its next earnings results on Thursday, February 8th.
According to Zacks, analysts expect that Vocera Communications will report full year sales of $43.54 million for the current year, with estimates ranging from $159.40 million to $161.60 million. For the next financial year, analysts anticipate that the firm will report sales of $187.20 million per share, with estimates ranging from $177.00 million to $192.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Vocera Communications.
Vocera Communications (NYSE:VCRA) last released its quarterly earnings results on Thursday, October 26th. The communications equipment provider reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.01. Vocera Communications had a negative return on equity of 15.55% and a negative net margin of 17.42%. The firm had revenue of $42.30 million for the quarter, compared to the consensus estimate of $41.44 million. During the same quarter last year, the business posted $0.08 EPS. The company’s revenue for the quarter was up 25.3% on a year-over-year basis.
In related news, General Counsel Douglas Alan Carlen sold 2,000 shares of Vocera Communications stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $25.66, for a total transaction of $51,320.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brent D. Lang sold 5,000 shares of Vocera Communications stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $28.27, for a total value of $141,350.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,000 shares of company stock worth $326,570. 6.30% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc grew its holdings in Vocera Communications by 11.2% during the second quarter. Legal & General Group Plc now owns 6,662 shares of the communications equipment provider’s stock worth $177,000 after purchasing an additional 671 shares during the period. Sei Investments Co. boosted its holdings in shares of Vocera Communications by 36.1% during the second quarter. Sei Investments Co. now owns 7,853 shares of the communications equipment provider’s stock worth $207,000 after acquiring an additional 2,082 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of Vocera Communications during the second quarter worth approximately $215,000. Airain ltd bought a new stake in shares of Vocera Communications during the second quarter worth approximately $228,000. Finally, Wolverine Trading LLC boosted its holdings in shares of Vocera Communications by 151.9% during the second quarter. Wolverine Trading LLC now owns 8,766 shares of the communications equipment provider’s stock worth $233,000 after acquiring an additional 25,666 shares during the period.
Vocera Communications (NYSE:VCRA) traded up $0.23 on Thursday, hitting $30.19. The company’s stock had a trading volume of 116,800 shares, compared to its average volume of 143,000. Vocera Communications has a 1 year low of $18.43 and a 1 year high of $32.23. The firm has a market cap of $875.34, a P/E ratio of -31.45 and a beta of -0.42.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/04/43-54-million-in-sales-expected-for-vocera-communications-inc-vcra-this-quarter.html.
Vocera Communications Company Profile
Vocera Communications, Inc is a provider of communication solutions for mobile workers in healthcare, hospitality, energy, education and other industries. The Company’s segments include Product and Service. The Company’s solutions include the Vocera Communication System, Vocera Care Experience, Vocera Engage integration platform, smartphone applications and its Experience Innovation Network.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Vocera Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vocera Communications and related companies with MarketBeat.com's FREE daily email newsletter.