Nuance Communications (NASDAQ:NUAN) will be releasing its earnings data after the market closes on Monday, February 5th. Analysts expect Nuance Communications to post earnings of $0.25 per share for the quarter. Nuance Communications has set its Q1 guidance at $0.19-0.22 EPS and its FY18 guidance at $1.06-1.15 EPS.
Nuance Communications (NASDAQ:NUAN) last announced its quarterly earnings results on Tuesday, November 28th. The software maker reported $0.20 EPS for the quarter, topping the consensus estimate of $0.15 by $0.05. The business had revenue of $474.70 million for the quarter, compared to analysts’ expectations of $457.09 million. Nuance Communications had a negative net margin of 7.75% and a positive return on equity of 12.15%. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 EPS. On average, analysts expect Nuance Communications to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Nuance Communications (NASDAQ:NUAN) opened at $17.47 on Friday. The company has a market cap of $5,010.00, a price-to-earnings ratio of -33.60, a price-to-earnings-growth ratio of 1.71 and a beta of 0.61. Nuance Communications has a one year low of $14.02 and a one year high of $19.93. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.16.
Several brokerages have commented on NUAN. Canaccord Genuity reiterated a “buy” rating and issued a $21.00 price target on shares of Nuance Communications in a research note on Monday, January 22nd. Morgan Stanley restated a “buy” rating and set a $18.00 target price on shares of Nuance Communications in a research report on Wednesday, November 22nd. Zacks Investment Research upgraded shares of Nuance Communications from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. BidaskClub cut shares of Nuance Communications from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. Finally, TheStreet upgraded shares of Nuance Communications from a “d+” rating to a “c-” rating in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Nuance Communications presently has a consensus rating of “Buy” and a consensus target price of $20.50.
In other news, EVP Kenneth M. Siegel sold 4,682 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $14.40, for a total transaction of $67,420.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.67% of the stock is currently owned by corporate insiders.
A hedge fund recently raised its stake in Nuance Communications stock. The Manufacturers Life Insurance Company boosted its position in shares of Nuance Communications Inc. (NASDAQ:NUAN) by 8.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,234 shares of the software maker’s stock after purchasing an additional 809 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Nuance Communications were worth $178,000 as of its most recent SEC filing. 85.17% 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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