Brokerages expect that Blucora Inc (NASDAQ:BCOR) will report $102.25 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Blucora’s earnings. The lowest sales estimate is $101.60 million and the highest is $102.90 million. Blucora reported sales of $97.85 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.5%. The firm is expected to announce its next quarterly earnings report on Thursday, February 21st.
On average, analysts expect that Blucora will report full year sales of $561.45 million for the current year, with estimates ranging from $560.80 million to $562.10 million. For the next fiscal year, analysts expect that the firm will post sales of $607.59 million, with estimates ranging from $605.67 million to $609.50 million. Zacks’ sales averages are an average based on a survey of analysts that follow Blucora.
Blucora (NASDAQ:BCOR) last released its quarterly earnings results on Wednesday, October 31st. The information services provider reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.10. The company had revenue of $95.40 million during the quarter, compared to the consensus estimate of $94.36 million. Blucora had a return on equity of 14.56% and a net margin of 13.71%. Blucora’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.12) earnings per share.
BCOR has been the subject of several recent research reports. BidaskClub raised Blucora from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. JPMorgan Chase & Co. raised Blucora from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $42.00 to $45.00 in a research report on Friday, September 28th. Barrington Research reissued a “buy” rating and set a $40.00 price target on shares of Blucora in a research report on Monday, October 22nd. ValuEngine downgraded Blucora from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 1st. Finally, Zacks Investment Research raised Blucora from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Tuesday, November 6th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Blucora presently has a consensus rating of “Buy” and a consensus price target of $37.54.
Blucora stock opened at $29.32 on Friday. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 24.52, a P/E/G ratio of 1.07 and a beta of 0.18. Blucora has a fifty-two week low of $20.15 and a fifty-two week high of $41.35.
In other news, CEO Robert D. Oros sold 6,075 shares of Blucora stock in a transaction on Monday, November 5th. The stock was sold at an average price of $30.31, for a total value of $184,133.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael P. Hogan acquired 7,874 shares of the stock in a transaction dated Tuesday, November 6th. The stock was acquired at an average cost of $30.52 per share, with a total value of $240,314.48. Following the transaction, the insider now owns 15,990 shares of the company’s stock, valued at $488,014.80. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 118,733 shares of company stock valued at $4,016,181. Company insiders own 2.91% of the company’s stock.
Several large investors have recently made changes to their positions in BCOR. Millennium Management LLC bought a new position in shares of Blucora in the first quarter valued at $403,000. Principal Financial Group Inc. lifted its stake in shares of Blucora by 3.1% in the first quarter. Principal Financial Group Inc. now owns 431,545 shares of the information services provider’s stock valued at $10,616,000 after buying an additional 13,123 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Blucora in the second quarter valued at $103,000. Crossmark Global Holdings Inc. bought a new position in shares of Blucora in the second quarter valued at $266,000. Finally, New York State Teachers Retirement System lifted its stake in shares of Blucora by 2.6% in the second quarter. New York State Teachers Retirement System now owns 129,215 shares of the information services provider’s stock valued at $4,781,000 after buying an additional 3,330 shares in the last quarter. 94.59% of the stock is owned by institutional investors and hedge funds.
Blucora, Inc provides technology-enabled financial solutions to consumers, small business owners, and tax professionals in the United States. The company operates through two segments, Wealth Management and Tax Preparation. The Wealth Management segment offers an integrated platform of brokerage, investment advisory, and insurance services to financial advisors.
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