Q3 2020 EPS Estimates for Vocera Communications Inc (NYSE:VCRA) Boosted by SVB Leerink

Vocera Communications Inc (NYSE:VCRA) – Equities researchers at SVB Leerink raised their Q3 2020 earnings per share estimates for Vocera Communications in a report released on Tuesday, July 28th. SVB Leerink analyst S. Demko now forecasts that the communications equipment provider will post earnings per share of $0.00 for the quarter, up from their prior estimate of ($0.05). SVB Leerink has a “Underperform” rating and a $18.00 price target on the stock. SVB Leerink also issued estimates for Vocera Communications’ Q4 2020 earnings at ($0.07) EPS, FY2020 earnings at ($0.48) EPS, Q1 2021 earnings at ($0.25) EPS, Q2 2021 earnings at ($0.08) EPS, Q3 2021 earnings at $0.03 EPS, Q4 2021 earnings at ($0.05) EPS, FY2021 earnings at ($0.36) EPS, FY2022 earnings at ($0.83) EPS and FY2023 earnings at ($0.71) EPS.

VCRA has been the subject of several other research reports. Piper Sandler boosted their price objective on Vocera Communications from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. Royal Bank of Canada upped their target price on Vocera Communications from $20.00 to $27.00 and gave the company a “sector perform” rating in a report on Tuesday, July 28th. Cantor Fitzgerald restated a “neutral” rating and set a $20.00 target price (down previously from $21.00) on shares of Vocera Communications in a report on Friday, April 24th. Zacks Investment Research upgraded Vocera Communications from a “sell” rating to a “buy” rating and set a $35.00 target price for the company in a report on Saturday. Finally, TheStreet upgraded Vocera Communications from a “d+” rating to a “c” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. Vocera Communications currently has a consensus rating of “Buy” and a consensus target price of $26.58.

Shares of VCRA stock opened at $30.77 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 4.22 and a current ratio of 4.32. Vocera Communications has a fifty-two week low of $15.89 and a fifty-two week high of $33.85. The stock has a 50 day moving average price of $21.89 and a two-hundred day moving average price of $21.48. The company has a market capitalization of $985.56 million, a P/E ratio of -64.10 and a beta of 0.04.

Vocera Communications (NYSE:VCRA) last announced its quarterly earnings data on Monday, July 27th. The communications equipment provider reported ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.15. Vocera Communications had a negative return on equity of 8.20% and a negative net margin of 8.13%. The firm had revenue of $47.70 million during the quarter, compared to the consensus estimate of $39.54 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis.

In other news, CEO Brent D. Lang sold 14,336 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $21.00, for a total value of $301,056.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Brent D. Lang sold 11,696 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $30.24, for a total value of $353,687.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,752 shares of company stock worth $1,662,045. 3.20% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can purchased a new stake in shares of Vocera Communications in the fourth quarter worth $45,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Vocera Communications by 56.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,610 shares of the communications equipment provider’s stock valued at $55,000 after buying an additional 940 shares during the last quarter. First Quadrant L P CA purchased a new stake in shares of Vocera Communications during the second quarter valued at $85,000. Exchange Traded Concepts LLC boosted its position in shares of Vocera Communications by 46.8% during the first quarter. Exchange Traded Concepts LLC now owns 6,291 shares of the communications equipment provider’s stock valued at $134,000 after buying an additional 2,006 shares during the last quarter. Finally, IndexIQ Advisors LLC purchased a new stake in shares of Vocera Communications during the first quarter valued at $181,000.

Vocera Communications Company Profile

Vocera Communications, Inc provides secure, integrated, and intelligent communication and workflow solutions that empowers mobile workers in healthcare, hospitality, energy, and other mission-critical mobile work environments in the United States and internationally. The company's communication solution integrated with other clinical systems, including electronic health records, nurse call systems, and patient monitoring, as well as to provide critical data, alerts, alarms, and clinical context that enable workflow.

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Earnings History and Estimates for Vocera Communications (NYSE:VCRA)

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