Wall Street analysts expect Nuance Communications Inc. (NASDAQ:NUAN) to report $492.78 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Nuance Communications’ earnings. The highest sales estimate is $493.90 million and the lowest is $490.91 million. Nuance Communications reported sales of $496.02 million in the same quarter last year, which indicates a negative year over year growth rate of 0.7%. The business is scheduled to issue its next quarterly earnings report on Tuesday, February 6th.
According to Zacks, analysts expect that Nuance Communications will report full year sales of $492.78 million for the current fiscal year, with estimates ranging from $2.04 billion to $2.07 billion. For the next fiscal year, analysts forecast that the firm will report sales of $2.14 billion per share, with estimates ranging from $2.11 billion to $2.17 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Nuance Communications.
Nuance Communications (NASDAQ:NUAN) last released its quarterly earnings data on Tuesday, November 28th. The software maker reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.05. The firm had revenue of $474.70 million during the quarter, compared to the consensus estimate of $457.09 million. Nuance Communications had a negative net margin of 7.75% and a positive return on equity of 12.15%. The firm’s revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.41 earnings per share.
NUAN has been the topic of a number of recent research reports. Zacks Investment Research upgraded Nuance Communications from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Morgan Stanley upgraded Nuance Communications from an “equal weight” rating to an “overweight” rating and set a $18.00 target price on the stock in a research note on Thursday, November 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $18.00 target price (down from $19.00) on shares of Nuance Communications in a research note on Wednesday, November 29th. Oppenheimer reiterated a “buy” rating and issued a $23.00 target price on shares of Nuance Communications in a research note on Wednesday, November 29th. Finally, TheStreet cut Nuance Communications from a “c” rating to a “d+” rating in a research note on Tuesday, November 28th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $20.50.
Shares of Nuance Communications (NASDAQ:NUAN) opened at $17.13 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $4,970.00, a price-to-earnings ratio of -32.94, a price-to-earnings-growth ratio of 1.75 and a beta of 0.60. Nuance Communications has a one year low of $14.02 and a one year high of $19.93.
In related news, EVP Kenneth M. Siegel sold 4,682 shares of Nuance Communications stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $14.40, for a total transaction of $67,420.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.67% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in NUAN. Ameriprise Financial Inc. grew its holdings in Nuance Communications by 15.6% during the second quarter. Ameriprise Financial Inc. now owns 17,620,101 shares of the software maker’s stock worth $306,763,000 after acquiring an additional 2,383,671 shares during the period. Pictet Asset Management Ltd. grew its holdings in Nuance Communications by 29.4% during the third quarter. Pictet Asset Management Ltd. now owns 5,390,900 shares of the software maker’s stock worth $84,746,000 after acquiring an additional 1,224,085 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in Nuance Communications during the third quarter worth about $18,864,000. Sirios Capital Management L P increased its stake in Nuance Communications by 30.9% in the 3rd quarter. Sirios Capital Management L P now owns 5,015,098 shares of the software maker’s stock worth $78,838,000 after purchasing an additional 1,183,013 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Nuance Communications by 92.1% in the 3rd quarter. American Century Companies Inc. now owns 2,034,146 shares of the software maker’s stock worth $31,977,000 after purchasing an additional 975,243 shares in the last quarter. 84.94% of the stock is currently owned by hedge funds and other institutional investors.
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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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