Nuance Communications Inc. (NUAN) Expected to Announce Quarterly Sales of $512.08 Million

Equities analysts expect that Nuance Communications Inc. (NASDAQ:NUAN) will post sales of $512.08 million for the current quarter, Zacks reports. Four analysts have provided estimates for Nuance Communications’ earnings, with estimates ranging from $501.00 million to $520.30 million. Nuance Communications posted sales of $511.10 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 0.2%. The business is expected to issue its next earnings results on Tuesday, May 8th.

On average, analysts expect that Nuance Communications will report full year sales of $512.08 million for the current financial year, with estimates ranging from $2.07 billion to $2.09 billion. For the next financial year, analysts forecast that the company will report sales of $2.16 billion per share, with estimates ranging from $2.15 billion to $2.17 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Nuance Communications.

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

Several research analysts have weighed in on the stock. BidaskClub lowered shares of Nuance Communications from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. Oppenheimer restated a “buy” rating and set a $23.00 target price on shares of Nuance Communications in a research report on Tuesday, January 23rd. Canaccord Genuity restated a “buy” rating and set a $21.00 target price on shares of Nuance Communications in a research report on Monday, January 22nd. TheStreet upgraded shares of Nuance Communications from a “d+” rating to a “c-” rating in a research report on Wednesday, January 17th. 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 report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Nuance Communications presently has an average rating of “Buy” and a consensus price target of $20.50.

Nuance Communications (NASDAQ:NUAN) opened at $16.42 on Thursday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.16. Nuance Communications has a 1 year low of $14.02 and a 1 year high of $19.93. The firm has a market cap of $4,770.00, a PE ratio of -63.15, a price-to-earnings-growth ratio of 1.55 and a beta of 0.61.

Several hedge funds and other institutional investors have recently made changes to their positions in NUAN. Northern Trust Corp lifted its holdings in shares of Nuance Communications by 10.4% in the second quarter. Northern Trust Corp now owns 1,511,062 shares of the software maker’s stock valued at $26,307,000 after purchasing an additional 142,516 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of Nuance Communications by 8.5% during the second quarter. Parametric Portfolio Associates LLC now owns 284,206 shares of the software maker’s stock valued at $4,948,000 after buying an additional 22,374 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Nuance Communications by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,363,967 shares of the software maker’s stock valued at $41,160,000 after buying an additional 51,765 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Nuance Communications by 28.8% during the second quarter. Janus Henderson Group PLC now owns 51,779 shares of the software maker’s stock valued at $902,000 after buying an additional 11,576 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Nuance Communications by 8.6% during the second quarter. The Manufacturers Life Insurance Company now owns 10,234 shares of the software maker’s stock valued at $178,000 after buying an additional 809 shares during the period. 85.46% of the stock is currently owned by institutional investors.

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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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