Wall Street brokerages forecast that Nuance Communications, Inc. (NASDAQ:NUAN) will announce earnings of $0.19 per share for the current quarter, according to Zacks. Four analysts have provided estimates for Nuance Communications’ earnings, with the highest EPS estimate coming in at $0.20 and the lowest estimate coming in at $0.18. Nuance Communications reported earnings per share of $0.23 during the same quarter last year, which suggests a negative year-over-year growth rate of 17.4%. The company is expected to report its next earnings results on Monday, August 14th.
On average, analysts expect that Nuance Communications will report full-year earnings of $0.78 per share for the current year, with EPS estimates ranging from $0.76 to $0.79. For the next year, analysts expect that the firm will post earnings of $0.82 per share, with EPS estimates ranging from $0.80 to $0.86. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Nuance Communications.
Nuance Communications (NASDAQ:NUAN) last issued its quarterly earnings data on Tuesday, May 9th. The software maker reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.04. The company had revenue of $511.10 million for the quarter, compared to analysts’ expectations of $506.83 million. Nuance Communications had a negative net margin of 2.57% and a positive return on equity of 15.76%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 earnings per share.
Several equities analysts have issued reports on NUAN shares. Deutsche Bank AG reiterated a “buy” rating and issued a $25.00 target price on shares of Nuance Communications in a research note on Monday. Barclays PLC reissued a “buy” rating and issued a $22.00 price target on shares of Nuance Communications in a report on Friday, May 12th. Stifel Nicolaus raised their price target on Nuance Communications from $16.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, May 10th. Finally, Zacks Investment Research raised Nuance Communications from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Nuance Communications has a consensus rating of “Buy” and a consensus price target of $22.00.
In related news, VP Adam Bruce Bowden sold 2,000 shares of Nuance Communications stock in a transaction dated Wednesday, April 19th. The stock was sold at an average price of $17.01, for a total transaction of $34,020.00. Following the completion of the sale, the vice president now owns 188,290 shares of the company’s stock, valued at $3,202,812.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Paul Ricci sold 139,267 shares of Nuance Communications stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $19.10, for a total value of $2,659,999.70. Following the sale, the chief executive officer now directly owns 2,090,036 shares of the company’s stock, valued at approximately $39,919,687.60. The disclosure for this sale can be found here. In the last three months, insiders sold 204,492 shares of company stock valued at $3,857,988. Corporate insiders own 1.67% of the company’s stock.
Several large investors have recently added to or reduced their stakes in NUAN. Zweig DiMenna Associates LLC purchased a new stake in Nuance Communications during the third quarter worth approximately $381,000. United Services Automobile Association increased its stake in Nuance Communications by 11.4% in the third quarter. United Services Automobile Association now owns 167,074 shares of the software maker’s stock worth $2,423,000 after buying an additional 17,074 shares during the period. Moors & Cabot Inc. purchased a new stake in Nuance Communications during the third quarter worth approximately $163,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Nuance Communications by 26.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 244,025 shares of the software maker’s stock worth $3,538,000 after buying an additional 51,050 shares during the period. Finally, Crow Point Partners LLC purchased a new stake in Nuance Communications during the third quarter worth approximately $121,000. 85.98% of the stock is owned by hedge funds and other institutional investors.
Shares of Nuance Communications (NASDAQ:NUAN) traded down 1.29% during trading on Friday, reaching $18.38. 2,943,475 shares of the company were exchanged. Nuance Communications has a 1-year low of $13.44 and a 1-year high of $19.93. The firm’s 50 day moving average is $18.53 and its 200 day moving average is $16.84. The firm’s market capitalization is $5.29 billion.
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About Nuance Communications
Nuance Communications, Inc is a provider of voice recognition and natural language understanding solutions. The Company’s segments include Healthcare, Mobile, Enterprise and Imaging. The Healthcare segment provides clinical speech and clinical language understanding solutions. The solutions for the Healthcare segment include transcription solutions, Dragon Medical, and clinical document improvement (CDI) and coding solutions.
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