Zacks: Brokerages Anticipate Care.com Inc (CRCM) Will Post Earnings of $0.17 Per Share

Brokerages expect Care.com Inc (NYSE:CRCM) to report earnings per share (EPS) of $0.17 for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Care.com’s earnings. The lowest EPS estimate is $0.13 and the highest is $0.19. Care.com reported earnings of $0.25 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 32%. The firm is expected to announce its next earnings results on Thursday, March 8th.

On average, analysts expect that Care.com will report full year earnings of $0.53 per share for the current financial year, with EPS estimates ranging from $0.50 to $0.56. For the next fiscal year, analysts forecast that the firm will report earnings of $0.63 per share, with EPS estimates ranging from $0.59 to $0.65. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Care.com.

Care.com (NYSE:CRCM) last issued its earnings results on Thursday, November 2nd. The information services provider reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.10. The firm had revenue of $44.50 million during the quarter, compared to analysts’ expectations of $44.22 million. Care.com had a net margin of 4.46% and a return on equity of 17.27%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.02 earnings per share.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Care.com from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. TheStreet raised shares of Care.com from a “c” rating to a “b-” rating in a research note on Friday, November 17th. BidaskClub raised shares of Care.com from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, Roth Capital raised shares of Care.com from a “neutral” rating to a “buy” rating and boosted their price target for the company from $14.00 to $18.00 in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $17.67.

Care.com (NYSE CRCM) traded down $0.20 on Friday, reaching $19.00. 44,646 shares of the company were exchanged, compared to its average volume of 259,941. The firm has a market capitalization of $577.60, a price-to-earnings ratio of 126.20, a PEG ratio of 2.84 and a beta of 1.05. Care.com has a 52-week low of $8.05 and a 52-week high of $20.88.

In related news, CFO Michael Echenberg sold 11,500 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $17.92, for a total transaction of $206,080.00. Following the sale, the chief financial officer now directly owns 22,094 shares of the company’s stock, valued at approximately $395,924.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sheila Lirio Marcelo sold 17,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $18.23, for a total transaction of $309,910.00. The disclosure for this sale can be found here. Insiders sold a total of 245,874 shares of company stock worth $4,437,356 over the last three months. Insiders own 35.90% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. D.A. Davidson & CO. acquired a new position in shares of Care.com in the 2nd quarter valued at $139,000. Boston Advisors LLC purchased a new position in Care.com during the 4th quarter worth $190,000. Zacks Investment Management purchased a new position in Care.com during the 2nd quarter worth $174,000. Wells Fargo & Company MN raised its position in Care.com by 13.8% during the 2nd quarter. Wells Fargo & Company MN now owns 11,711 shares of the information services provider’s stock worth $176,000 after buying an additional 1,420 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Care.com by 47.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,801 shares of the information services provider’s stock worth $179,000 after buying an additional 3,805 shares during the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

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About Care.com

Care.com, Inc is an online marketplace for finding and managing family care. As of December 31, 2016, the Company had 22.8 million members, including 12.9 million families and 9.9 million caregivers, spanning 19 countries. Its consumer matching solutions allow families to search for, qualify, vet, connect with and select caregivers.

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