Nuance Communications (NUAN) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Nuance Communications (NASDAQ:NUAN) announced its quarterly earnings data on Thursday. The software maker reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01, Bloomberg Earnings reports. Nuance Communications had a positive return on equity of 12.15% and a negative net margin of 7.75%. The firm had revenue of $508.80 million during the quarter, compared to analysts’ expectations of $508.55 million. During the same period in the previous year, the business posted $0.35 EPS. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. Nuance Communications updated its FY18 guidance to $1.14-1.20 EPS and its Q2 guidance to $0.26-0.28 EPS.

Shares of Nuance Communications (NUAN) traded down $0.40 during mid-day trading on Friday, reaching $15.91. The company’s stock had a trading volume of 3,056,846 shares, compared to its average volume of 2,799,313. The company has a market capitalization of $5,006.51, a P/E ratio of -30.07, a P/E/G ratio of 1.64 and a beta of 0.61. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.19 and a current ratio of 1.19. Nuance Communications has a 1-year low of $14.02 and a 1-year high of $19.93.

In other Nuance Communications news, EVP Kenneth M. Siegel sold 4,682 shares of Nuance Communications stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $14.40, for a total value of $67,420.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.67% of the company’s stock.

An institutional investor recently raised its position in Nuance Communications stock. The Manufacturers Life Insurance Company lifted its stake in shares of Nuance Communications Inc. (NASDAQ:NUAN) by 8.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,234 shares of the software maker’s stock after buying an additional 809 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Nuance Communications were worth $178,000 at the end of the most recent quarter. 84.81% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on NUAN. BidaskClub cut Nuance Communications from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. TheStreet raised Nuance Communications from a “d+” rating to a “c-” rating in a research note on Wednesday, January 17th. Oppenheimer restated a “buy” rating and set a $23.00 price objective on shares of Nuance Communications in a research report on Tuesday, January 23rd. Canaccord Genuity restated a “buy” rating and set a $21.00 price objective on shares of Nuance Communications in a research report on Monday, January 22nd. Finally, Zacks Investment Research upgraded Nuance Communications from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $20.50.

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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.

Earnings History for Nuance Communications (NASDAQ:NUAN)

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