Wall Street analysts expect Care.com Inc (NYSE:CRCM) to report sales of $49.23 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Care.com’s earnings. The highest sales estimate is $49.30 million and the lowest is $49.17 million. Care.com reported sales of $44.54 million in the same quarter last year, which indicates a positive year over year growth rate of 10.5%. The company is expected to issue its next earnings results on Thursday, November 1st.
On average, analysts expect that Care.com will report full year sales of $192.36 million for the current year, with estimates ranging from $192.01 million to $192.70 million. For the next fiscal year, analysts expect that the firm will post sales of $219.20 million, with estimates ranging from $217.07 million to $221.33 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Care.com.
Care.com (NYSE:CRCM) last released its earnings results on Monday, July 30th. The information services provider reported $0.14 EPS for the quarter, topping the consensus estimate of $0.03 by $0.11. Care.com had a return on equity of 15.34% and a net margin of 5.87%. The business had revenue of $46.00 million during the quarter, compared to analysts’ expectations of $45.91 million. During the same quarter last year, the firm posted $0.11 earnings per share. The firm’s revenue was up 9.5% on a year-over-year basis.
Several equities research analysts recently commented on the company. Zacks Investment Research raised Care.com from a “sell” rating to a “hold” rating in a research note on Monday, October 1st. Craig Hallum set a $24.00 target price on Care.com and gave the stock a “buy” rating in a research note on Tuesday, July 31st. Finally, ValuEngine raised Care.com from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 21st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $20.75.
In other Care.com news, insider David Krupinski sold 10,000 shares of the stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $18.26, for a total value of $182,600.00. Following the transaction, the insider now owns 139,181 shares in the company, valued at $2,541,445.06. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Sheila Lirio Marcelo sold 64,925 shares of the stock in a transaction that occurred on Tuesday, October 9th. The stock was sold at an average price of $21.32, for a total value of $1,384,201.00. Following the completion of the transaction, the insider now owns 1,089,633 shares in the company, valued at approximately $23,230,975.56. The disclosure for this sale can be found here. Insiders have sold 219,719 shares of company stock valued at $4,526,006 in the last ninety days. 30.90% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in the business. Spark Investment Management LLC boosted its holdings in Care.com by 1.3% in the second quarter. Spark Investment Management LLC now owns 228,300 shares of the information services provider’s stock worth $4,766,000 after acquiring an additional 2,900 shares in the last quarter. UBS Group AG boosted its holdings in Care.com by 7.9% in the first quarter. UBS Group AG now owns 54,464 shares of the information services provider’s stock worth $886,000 after acquiring an additional 3,992 shares in the last quarter. Globeflex Capital L P boosted its holdings in Care.com by 4.8% in the second quarter. Globeflex Capital L P now owns 87,779 shares of the information services provider’s stock worth $1,833,000 after acquiring an additional 4,031 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Care.com by 59.4% in the second quarter. Bessemer Group Inc. now owns 11,000 shares of the information services provider’s stock worth $230,000 after acquiring an additional 4,100 shares in the last quarter. Finally, Laurion Capital Management LP boosted its holdings in Care.com by 10.9% in the second quarter. Laurion Capital Management LP now owns 47,031 shares of the information services provider’s stock worth $982,000 after acquiring an additional 4,633 shares in the last quarter. Institutional investors and hedge funds own 79.31% of the company’s stock.
NYSE CRCM traded down $0.68 during trading hours on Friday, hitting $17.79. 154,400 shares of the company’s stock were exchanged, compared to its average volume of 260,646. Care.com has a 1-year low of $14.37 and a 1-year high of $22.95. The stock has a market capitalization of $691.25 million, a P/E ratio of 65.89, a P/E/G ratio of 7.02 and a beta of 1.04.
Care.com Company Profile
Care.com, Inc operates an online marketplace for finding and managing family care in the United States and internationally. The company helps families to address their lifecycle of care needs, including child care, senior care, and special needs care, as well as other non-medical family care needs, such as pet care, tutoring, and housekeeping; and enables caregivers to find full-time and part-time employment opportunities.
Featured Story: Technical Analysis
Get a free copy of the Zacks research report on Care.com (CRCM)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Care.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Care.com and related companies with MarketBeat.com's FREE daily email newsletter.