Zacks: Analysts Anticipate Nuance Communications Inc. (NUAN) to Post $0.28 EPS

Analysts expect Nuance Communications Inc. (NASDAQ:NUAN) to announce earnings of $0.28 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Nuance Communications’ earnings, with the highest EPS estimate coming in at $0.30 and the lowest estimate coming in at $0.26. Nuance Communications posted earnings per share of $0.43 in the same quarter last year, which indicates a negative year over year growth rate of 34.9%. The company is expected to announce its next earnings results on Tuesday, May 8th.

On average, analysts expect that Nuance Communications will report full year earnings of $1.17 per share for the current year, with EPS estimates ranging from $1.08 to $1.21. For the next financial year, analysts forecast that the business will post earnings of $1.24 per share, with EPS estimates ranging from $1.20 to $1.27. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Nuance Communications.

Nuance Communications (NASDAQ:NUAN) last issued its earnings results on Thursday, February 8th. The software maker reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The company had revenue of $508.80 million during the quarter, compared to analysts’ expectations of $508.55 million. Nuance Communications had a positive return on equity of 11.74% and a negative net margin of 3.76%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.35 EPS.

NUAN has been the subject of several analyst reports. TheStreet cut Nuance Communications from a “c” rating to a “d+” rating in a report on Tuesday, November 28th. Zacks Investment Research upgraded Nuance Communications from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Tuesday, December 5th. Morgan Stanley upgraded Nuance Communications from an “equal weight” rating to an “overweight” rating and set a $18.00 target price for the company in a report on Thursday, November 2nd. Oppenheimer reaffirmed a “buy” rating and issued a $23.00 price target on shares of Nuance Communications in a research note on Tuesday, January 23rd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $18.00 price target (down previously from $19.00) on shares of Nuance Communications in a research note on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Nuance Communications presently has an average rating of “Buy” and a consensus target price of $20.50.

Several institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its stake in shares of Nuance Communications by 21.0% in the 4th quarter. Renaissance Technologies LLC now owns 1,632,755 shares of the software maker’s stock valued at $26,696,000 after purchasing an additional 282,954 shares during the last quarter. MYDA Advisors LLC acquired a new position in shares of Nuance Communications in the 4th quarter valued at $392,000. 12th Street Asset Management Company LLC lifted its stake in shares of Nuance Communications by 20.2% in the 4th quarter. 12th Street Asset Management Company LLC now owns 1,934,188 shares of the software maker’s stock valued at $31,624,000 after purchasing an additional 325,681 shares during the last quarter. Kennedy Capital Management Inc. lifted its stake in shares of Nuance Communications by 50.4% in the 4th quarter. Kennedy Capital Management Inc. now owns 369,598 shares of the software maker’s stock valued at $6,043,000 after purchasing an additional 123,785 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Nuance Communications by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 2,420,797 shares of the software maker’s stock valued at $39,580,000 after purchasing an additional 74,700 shares during the last quarter. 85.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of Nuance Communications (NUAN) traded up $0.01 during trading hours on Tuesday, reaching $16.11. The company’s stock had a trading volume of 1,810,000 shares, compared to its average volume of 3,120,000. 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 $4,680.00, a PE ratio of -61.96, a P/E/G ratio of 1.55 and a beta of 0.61. Nuance Communications has a 12 month low of $14.02 and a 12 month high of $19.93.

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About Nuance Communications

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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