Zacks: Analysts Anticipate Nuance Communications Inc. (NASDAQ:NUAN) Will Announce Quarterly Sales of $484.00 Million

Brokerages expect Nuance Communications Inc. (NASDAQ:NUAN) to post $484.00 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Nuance Communications’ earnings, with the highest sales estimate coming in at $485.00 million and the lowest estimate coming in at $483.00 million. Nuance Communications posted sales of $536.21 million during the same quarter last year, which suggests a negative year-over-year growth rate of 9.7%. The company is scheduled to report its next earnings report on Monday, November 18th.

On average, analysts expect that Nuance Communications will report full-year sales of $1.86 billion for the current year. For the next year, analysts expect that the business will report sales of $1.91 billion, with estimates ranging from $1.88 billion to $1.95 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Nuance Communications.

Nuance Communications (NASDAQ:NUAN) last announced its quarterly earnings data on Wednesday, August 7th. The software maker reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Nuance Communications had a return on equity of 13.93% and a net margin of 3.88%. The company had revenue of $460.20 million during the quarter, compared to the consensus estimate of $455.93 million.

Several brokerages have issued reports on NUAN. Barclays cut their target price on shares of Nuance Communications from $20.00 to $17.00 and set an “overweight” rating on the stock in a research note on Monday, October 7th. Zacks Investment Research downgraded shares of Nuance Communications from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Morgan Stanley cut their target price on shares of Nuance Communications from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Monday, September 23rd. BidaskClub downgraded shares of Nuance Communications from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 4th. Finally, Wedbush began coverage on shares of Nuance Communications in a research note on Friday, September 27th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $18.25.

In other news, EVP Robert Weideman sold 6,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $16.53, for a total value of $99,180.00. Following the transaction, the executive vice president now directly owns 432,959 shares of the company’s stock, valued at $7,156,812.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stefan Ortmanns sold 6,091 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $17.00, for a total transaction of $103,547.00. Following the completion of the transaction, the executive vice president now directly owns 416,521 shares in the company, valued at $7,080,857. The disclosure for this sale can be found here. Over the last three months, insiders have sold 704,587 shares of company stock worth $11,980,500. Company insiders own 0.68% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of NUAN. Victory Capital Management Inc. increased its stake in shares of Nuance Communications by 10.4% in the second quarter. Victory Capital Management Inc. now owns 16,946,256 shares of the software maker’s stock worth $270,632,000 after acquiring an additional 1,599,212 shares during the last quarter. Strs Ohio increased its stake in shares of Nuance Communications by 3,988.5% in the third quarter. Strs Ohio now owns 1,050,700 shares of the software maker’s stock worth $17,136,000 after acquiring an additional 1,025,001 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in shares of Nuance Communications in the second quarter worth $12,960,000. UBS Group AG increased its stake in shares of Nuance Communications by 612.9% in the second quarter. UBS Group AG now owns 779,857 shares of the software maker’s stock worth $12,454,000 after acquiring an additional 670,463 shares during the last quarter. Finally, General American Investors Co. Inc. acquired a new position in shares of Nuance Communications in the second quarter worth $8,476,000. 88.59% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:NUAN traded down $0.20 on Thursday, reaching $15.45. 1,111,875 shares of the company traded hands, compared to its average volume of 2,011,954. Nuance Communications has a fifty-two week low of $12.66 and a fifty-two week high of $18.16. The company’s 50 day moving average is $16.16 and its 200-day moving average is $16.65. The stock has a market capitalization of $4.47 billion, a PE ratio of 19.07, a P/E/G ratio of 3.78 and a beta of 0.91. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.77 and a quick ratio of 1.77.

About Nuance Communications

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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