Analysts Expect Care.com Inc (NYSE:CRCM) Will Post Quarterly Sales of $52.23 Million

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Equities analysts expect that Care.com Inc (NYSE:CRCM) will report sales of $52.23 million for the current quarter, according to Zacks. Three analysts have issued estimates for Care.com’s earnings, with the highest sales estimate coming in at $52.28 million and the lowest estimate coming in at $52.20 million. Care.com posted sales of $49.16 million in the same quarter last year, which suggests a positive year over year growth rate of 6.2%. The company is scheduled to report its next earnings results on Thursday, November 14th.

On average, analysts expect that Care.com will report full-year sales of $207.20 million for the current financial year, with estimates ranging from $207.02 million to $207.37 million. For the next year, analysts anticipate that the firm will report sales of $223.90 million, with estimates ranging from $222.80 million to $226.03 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Care.com.

Care.com (NYSE:CRCM) last released its earnings results on Tuesday, August 6th. The information services provider reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $51.00 million for the quarter, compared to the consensus estimate of $52.20 million. Care.com had a positive return on equity of 7.81% and a negative net margin of 7.61%. Care.com’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 earnings per share.

A number of analysts recently issued reports on the company. Craig Hallum reaffirmed a “hold” rating and issued a $9.00 target price (down previously from $15.00) on shares of Care.com in a research report on Wednesday, August 7th. Zacks Investment Research downgraded Care.com from a “buy” rating to a “hold” rating in a research report on Monday. TheStreet downgraded Care.com from a “c” rating to a “d+” rating in a research report on Wednesday, August 7th. Roth Capital reiterated a “neutral” rating and set a $10.00 price target (down previously from $17.00) on shares of Care.com in a report on Tuesday, August 6th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $17.00 price target on shares of Care.com in a report on Thursday, May 9th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Care.com has a consensus rating of “Hold” and an average price target of $12.20.

In other Care.com news, Director Chet Kapoor purchased 60,000 shares of Care.com stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average price of $9.09 per share, for a total transaction of $545,400.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Echenberg sold 7,621 shares of Care.com stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $14.37, for a total value of $109,513.77. Following the transaction, the chief financial officer now owns 49,869 shares of the company’s stock, valued at approximately $716,617.53. The disclosure for this sale can be found here. Insiders have sold 21,273 shares of company stock valued at $305,693 in the last quarter. 28.10% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. Northern Trust Corp grew its holdings in Care.com by 0.4% during the fourth quarter. Northern Trust Corp now owns 257,480 shares of the information services provider’s stock worth $4,972,000 after purchasing an additional 1,039 shares during the period. Arizona State Retirement System boosted its holdings in shares of Care.com by 2.7% during the second quarter. Arizona State Retirement System now owns 41,311 shares of the information services provider’s stock worth $454,000 after acquiring an additional 1,089 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in shares of Care.com by 9.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 17,588 shares of the information services provider’s stock worth $348,000 after acquiring an additional 1,566 shares during the period. Squarepoint Ops LLC boosted its holdings in shares of Care.com by 12.9% during the fourth quarter. Squarepoint Ops LLC now owns 20,431 shares of the information services provider’s stock worth $395,000 after acquiring an additional 2,331 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Care.com by 4.8% during the second quarter. Bank of America Corp DE now owns 52,715 shares of the information services provider’s stock worth $578,000 after acquiring an additional 2,411 shares during the period. Institutional investors and hedge funds own 85.99% of the company’s stock.

Shares of NYSE:CRCM traded up $0.72 during midday trading on Thursday, reaching $10.06. The company had a trading volume of 1,256,357 shares, compared to its average volume of 574,409. The company has a quick ratio of 2.85, a current ratio of 2.85 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average price is $10.64 and its 200 day moving average price is $16.33. The stock has a market cap of $298.16 million, a PE ratio of 27.94, a P/E/G ratio of 121.33 and a beta of 0.92. Care.com has a 1-year low of $7.61 and a 1-year high of $25.81.

About Care.com

Care.com, Inc operates an online marketplace for finding and managing family care in the United States and internationally. The company helps families to address their lifecycle of care needs, including child care, senior care, and special needs care, as well as other non-medical family care needs, such as pet care, tutoring, and housekeeping; and enables caregivers to find full-time and part-time employment opportunities.

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