Brokerages expect Nuance Communications Inc. (NASDAQ:NUAN) to post earnings per share of $0.28 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Nuance Communications’ earnings, with the highest EPS estimate coming in at $0.29 and the lowest estimate coming in at $0.27. Nuance Communications posted earnings per share of $0.27 during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.7%. The business is scheduled to report its next earnings results on Wednesday, August 14th.
According to Zacks, analysts expect that Nuance Communications will report full-year earnings of $1.17 per share for the current financial year, with EPS estimates ranging from $1.15 to $1.19. For the next year, analysts anticipate that the company will report earnings of $1.25 per share, with EPS estimates ranging from $1.20 to $1.34. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Nuance Communications.
Nuance Communications (NASDAQ:NUAN) last issued its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). The business had revenue of $451.00 million for the quarter, compared to analyst estimates of $449.90 million. Nuance Communications had a net margin of 2.44% and a return on equity of 14.00%. Nuance Communications’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the business posted $0.27 earnings per share.
In related news, EVP Thomas L. Beaudoin sold 8,301 shares of Nuance Communications stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $16.04, for a total transaction of $133,148.04. Following the transaction, the executive vice president now directly owns 284,993 shares of the company’s stock, valued at $4,571,287.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Mark D. Benjamin sold 45,396 shares of Nuance Communications stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $17.40, for a total value of $789,890.40. Following the transaction, the chief executive officer now directly owns 629,430 shares in the company, valued at $10,952,082. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,324 shares of company stock worth $1,882,564. 0.68% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Clearbridge Investments LLC grew its holdings in Nuance Communications by 1.2% during the first quarter. Clearbridge Investments LLC now owns 24,065,209 shares of the software maker’s stock worth $407,424,000 after acquiring an additional 277,227 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Nuance Communications by 1.1% during the first quarter. Victory Capital Management Inc. now owns 15,347,044 shares of the software maker’s stock worth $259,825,000 after purchasing an additional 165,993 shares during the last quarter. FIL Ltd raised its holdings in shares of Nuance Communications by 2.9% during the first quarter. FIL Ltd now owns 9,191,377 shares of the software maker’s stock worth $155,610,000 after purchasing an additional 262,083 shares during the last quarter. Neuberger Berman Group LLC raised its holdings in shares of Nuance Communications by 4.6% during the first quarter. Neuberger Berman Group LLC now owns 4,686,166 shares of the software maker’s stock worth $79,332,000 after purchasing an additional 207,521 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Nuance Communications by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 2,941,200 shares of the software maker’s stock worth $38,911,000 after purchasing an additional 170,231 shares during the last quarter. 87.83% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NUAN traded up $0.02 during trading hours on Tuesday, reaching $16.33. 1,736,547 shares of the company’s stock traded hands, compared to its average volume of 1,548,043. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 4.10 and a beta of 0.91. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.79 and a quick ratio of 1.79. Nuance Communications has a twelve month low of $12.66 and a twelve month high of $18.16. The stock has a fifty day simple moving average of $16.52.
Nuance Communications Company Profile
Nuance Communications, Inc provides voice recognition and natural language understanding solutions worldwide. It operates through five segments: Healthcare, Automotive, Enterprise, Imaging, and Other. The Healthcare segment offers clinical speech and clinical language understanding solutions, such as Dragon Medical, a dictation software that allow physicians to capture and document patient care in real-time; transcription solutions, which enable physicians to streamline clinical documentation with a transcription platforms; clinical document improvement and coding solutions; diagnostic solutions that allow radiologists to document, collaborate, and share medical images and reports; and professional and personal productivity solutions to business users and consumers.
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