Blucora (BCOR) Posts Earnings Results, Beats Estimates By $0.10 EPS

Blucora (NASDAQ:BCOR) announced its quarterly earnings data on Wednesday. The information services provider reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.10, MarketWatch Earnings reports. 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 14.82% and a net margin of 13.31%. The firm’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.12) EPS. Blucora updated its FY 2018 guidance to $1.83-1.91 EPS and its FY18 guidance to $1.83-$1.91 EPS.

BCOR stock traded down $1.66 during midday trading on Wednesday, hitting $28.91. The company’s stock had a trading volume of 7,180 shares, compared to its average volume of 410,721. Blucora has a 12 month low of $19.05 and a 12 month high of $41.35. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.99 and a quick ratio of 2.99. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 1.09 and a beta of -0.22.

In other news, CEO Robert D. Oros sold 6,075 shares of the stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $34.30, for a total transaction of $208,372.50. Following the completion of the transaction, the chief executive officer now directly owns 51,111 shares in the company, valued at approximately $1,753,107.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mathieu Frederic Stevenson sold 20,158 shares of the stock in a transaction that occurred on Thursday, October 25th. The shares were sold at an average price of $31.38, for a total value of $632,558.04. Following the transaction, the insider now owns 39,020 shares of the company’s stock, valued at $1,224,447.60. The disclosure for this sale can be found here. Insiders sold a total of 124,786 shares of company stock valued at $4,257,639 over the last 90 days. 2.91% of the stock is currently owned by corporate insiders.

BCOR has been the subject of a number of recent research reports. BidaskClub upgraded Blucora from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 6th. JPMorgan Chase & Co. began coverage on Blucora in a research note on Thursday, July 12th. They issued a “neutral” rating and a $42.00 price target for the company. Zacks Investment Research downgraded Blucora from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 17th. Finally, Barrington Research restated a “buy” rating and issued a $40.00 price target on shares of Blucora in a research note on Monday, October 22nd. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $38.21.

Blucora Company Profile

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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Earnings History for Blucora (NASDAQ:BCOR)

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