Analysts predict that Care.com Inc (NYSE:CRCM) will announce $0.17 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for Care.com’s earnings, with estimates ranging from $0.13 to $0.19. Care.com posted earnings per share of $0.25 in the same quarter last year, which would indicate a negative year-over-year growth rate of 32%. The firm is expected to announce its next earnings report before the market opens on Tuesday, February 27th.
On average, analysts expect that Care.com will report full year earnings of $0.53 per share for the current fiscal year, with EPS estimates ranging from $0.50 to $0.56. For the next financial year, analysts forecast that the business will report earnings of $0.63 per share, with EPS estimates ranging from $0.59 to $0.65. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Care.com.
A number of research firms recently weighed in on CRCM. Zacks Investment Research downgraded shares of Care.com from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. TheStreet upgraded shares of Care.com from a “c” rating to a “b-” rating in a research note on Friday, November 17th. Roth Capital upgraded shares of Care.com from a “neutral” rating to a “buy” rating and increased their price target for the company from $14.00 to $18.00 in a research note on Thursday, November 2nd. Finally, BidaskClub cut shares of Care.com from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $17.67.
In other Care.com news, CTO David Krupinski sold 10,000 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $18.65, for a total value of $186,500.00. Following the completion of the sale, the chief technology officer now owns 180,678 shares in the company, valued at $3,369,644.70. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Sheila Lirio Marcelo sold 15,000 shares of the stock in a transaction on Friday, January 19th. The shares were sold at an average price of $19.97, for a total transaction of $299,550.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 187,874 shares of company stock valued at $3,441,456. Corporate insiders own 35.90% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Lord Abbett & CO. LLC acquired a new stake in shares of Care.com during the 2nd quarter worth about $10,313,000. Janus Henderson Group PLC acquired a new stake in shares of Care.com during the 2nd quarter worth about $7,371,000. BlackRock Inc. lifted its stake in shares of Care.com by 47.8% during the 4th quarter. BlackRock Inc. now owns 1,204,105 shares of the information services provider’s stock worth $21,721,000 after buying an additional 389,426 shares during the last quarter. Eagle Asset Management Inc. acquired a new stake in shares of Care.com during the 4th quarter worth about $4,523,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Care.com during the 4th quarter worth about $3,549,000. Hedge funds and other institutional investors own 76.68% of the company’s stock.
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Care.com, Inc is an online marketplace for finding and managing family care. As of December 31, 2016, the Company had 22.8 million members, including 12.9 million families and 9.9 million caregivers, spanning 19 countries. Its consumer matching solutions allow families to search for, qualify, vet, connect with and select caregivers.
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