Analysts expect that Blucora (NASDAQ:BCOR) will report $154.80 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Blucora’s earnings. The lowest sales estimate is $154.49 million and the highest is $155.10 million. Blucora posted sales of $139.16 million in the same quarter last year, which suggests a positive year over year growth rate of 11.2%. The business is expected to announce its next earnings results on Thursday, July 26th.
On average, analysts expect that Blucora will report full year sales of $558.05 million for the current year, with estimates ranging from $557.10 million to $559.00 million. For the next financial year, analysts forecast that the business will report sales of $597.91 million per share, with estimates ranging from $590.51 million to $605.30 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Blucora.
Blucora (NASDAQ:BCOR) last announced its quarterly earnings data on Wednesday, May 9th. The information services provider reported $1.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.23. Blucora had a return on equity of 13.11% and a net margin of 7.84%. The company had revenue of $206.00 million for the quarter, compared to analyst estimates of $195.65 million. During the same quarter last year, the firm earned $1.04 EPS. Blucora’s revenue for the quarter was up 12.9% compared to the same quarter last year.
BCOR has been the topic of several recent research reports. Zacks Investment Research raised Blucora from a “sell” rating to a “hold” rating in a report on Tuesday, April 24th. Barrington Research lifted their price objective on Blucora from $30.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday. ValuEngine downgraded Blucora from a “buy” rating to a “hold” rating in a research report on Friday, March 23rd. TheStreet upgraded Blucora from a “c” rating to a “b” rating in a research report on Thursday, February 15th. Finally, BidaskClub upgraded Blucora from a “hold” rating to a “buy” rating in a research report on Thursday, March 29th. One research analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $31.65.
In related news, insider John David Palmer sold 6,604 shares of the firm’s stock in a transaction that occurred on Friday, May 11th. The stock was sold at an average price of $33.00, for a total transaction of $217,932.00. Following the completion of the transaction, the insider now owns 11,698 shares in the company, valued at approximately $386,034. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Mathieu Frederic Stevenson sold 33,572 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $24.03, for a total value of $806,735.16. Following the transaction, the chief marketing officer now owns 58,882 shares of the company’s stock, valued at approximately $1,414,934.46. The disclosure for this sale can be found here. Insiders have sold a total of 269,695 shares of company stock valued at $6,897,211 in the last 90 days. 2.91% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of BCOR. Park West Asset Management LLC raised its position in Blucora by 57.1% in the 4th quarter. Park West Asset Management LLC now owns 1,490,500 shares of the information services provider’s stock valued at $32,940,000 after purchasing an additional 541,900 shares during the last quarter. First Trust Advisors LP raised its position in Blucora by 28.4% in the 4th quarter. First Trust Advisors LP now owns 2,354,491 shares of the information services provider’s stock valued at $52,034,000 after purchasing an additional 520,957 shares during the last quarter. Glenmede Trust Co. NA bought a new position in Blucora in the 4th quarter valued at $8,486,000. Harvest Capital Strategies LLC raised its position in Blucora by 54.8% in the 1st quarter. Harvest Capital Strategies LLC now owns 800,000 shares of the information services provider’s stock valued at $19,680,000 after purchasing an additional 283,354 shares during the last quarter. Finally, BlackRock Inc. raised its position in Blucora by 4.8% in the 4th quarter. BlackRock Inc. now owns 5,826,130 shares of the information services provider’s stock valued at $128,756,000 after purchasing an additional 268,791 shares during the last quarter. Hedge funds and other institutional investors own 97.17% of the company’s stock.
Shares of NASDAQ:BCOR opened at $36.75 on Friday. Blucora has a 1-year low of $19.05 and a 1-year high of $37.00. The company has a market cap of $1.65 billion, a PE ratio of 30.12, a PEG ratio of 1.12 and a beta of -0.11. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.50.
Blucora, Inc provides technology-enabled financial solutions to consumers, small business owners, and tax professionals in the United States. The company operates through two segments, Wealth Management and Tax Preparation. The Wealth Management segment offers an integrated platform of brokerage, investment advisory, and insurance services to financial advisors.
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