Brokerages Anticipate Nuance Communications Inc. (NUAN) Will Post Quarterly Sales of $508.53 Million

Wall Street analysts predict that Nuance Communications Inc. (NASDAQ:NUAN) will report $508.53 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Nuance Communications’ earnings, with the highest sales estimate coming in at $508.60 million and the lowest estimate coming in at $508.50 million. Nuance Communications posted sales of $496.02 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.5%. The business is expected to announce its next quarterly earnings results after the market closes on Thursday, February 8th.

On average, analysts expect that Nuance Communications will report full-year sales of $508.53 million for the current fiscal year, with estimates ranging from $2.05 billion to $2.07 billion. For the next fiscal 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’ sales calculations are a mean average based on a survey of sell-side research firms that follow Nuance Communications.

Nuance Communications (NASDAQ:NUAN) last announced its quarterly earnings data on Tuesday, November 28th. The software maker reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.05. Nuance Communications had a positive return on equity of 12.15% and a negative net margin of 7.75%. The firm had revenue of $474.70 million for the quarter, compared to analysts’ expectations of $457.09 million. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Nuance Communications’s revenue for the quarter was down 7.4% compared to the same quarter last year.

Several brokerages have issued reports on NUAN. Oppenheimer restated a “buy” rating and set a $23.00 price objective on shares of Nuance Communications in a research note on Tuesday, January 23rd. BidaskClub cut Nuance Communications from a “hold” rating to a “sell” rating in a research note on Friday. Canaccord Genuity restated a “buy” rating and set a $21.00 price objective on shares of Nuance Communications in a research note on Monday, January 22nd. TheStreet upgraded Nuance Communications from a “d+” rating to a “c-” rating in a research note on Wednesday, January 17th. Finally, Stifel Nicolaus restated a “hold” rating and set a $18.00 price objective (down previously from $19.00) on shares of Nuance Communications in a research note on Wednesday, November 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Nuance Communications currently has an average rating of “Buy” and an average target price of $20.50.

Shares of Nuance Communications (NASDAQ:NUAN) opened at $18.14 on Monday. 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 $5,270.00, a P/E ratio of -34.88, a price-to-earnings-growth ratio of 1.73 and a beta of 0.60. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.16.

In other news, EVP Kenneth M. Siegel sold 4,682 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $14.40, for a total transaction of $67,420.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.67% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of NUAN. Tower Research Capital LLC TRC bought a new position in shares of Nuance Communications during the second quarter valued at approximately $103,000. Exane Derivatives grew its holdings in shares of Nuance Communications by 250.3% during the third quarter. Exane Derivatives now owns 8,274 shares of the software maker’s stock valued at $130,000 after purchasing an additional 5,912 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Nuance Communications during the third quarter valued at approximately $149,000. Concorde Asset Management LLC bought a new position in shares of Nuance Communications during the third quarter valued at approximately $159,000. Finally, ETRADE Capital Management LLC bought a new position in shares of Nuance Communications during the third quarter valued at approximately $172,000. 85.07% of the stock is owned by institutional investors.

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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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