Blucora (BCOR) Issues Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Blucora (NASDAQ:BCOR) released its earnings results on Wednesday. The information services provider reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.10, MarketWatch Earnings reports. The company had revenue of $95.40 million during the quarter, compared to analyst estimates of $94.36 million. Blucora had a net margin of 13.31% and a return on equity of 14.82%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.12) EPS. Blucora updated its FY 2018 guidance to $1.83-1.91 EPS and its FY18 guidance to $1.83-$1.91 EPS.

NASDAQ BCOR opened at $29.89 on Friday. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 0.41. The company has a market cap of $1.46 billion, a PE ratio of 24.50, a PEG ratio of 1.09 and a beta of -0.22. Blucora has a one year low of $19.05 and a one year high of $41.35.

Several equities research analysts recently issued reports on BCOR shares. JPMorgan Chase & Co. raised shares of Blucora from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $42.00 to $45.00 in a report on Friday, September 28th. BidaskClub raised shares of Blucora from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Zacks Investment Research lowered shares of Blucora from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 17th. Barrington Research reissued a “buy” rating and issued a $40.00 target price on shares of Blucora in a report on Monday, October 22nd. Finally, ValuEngine lowered shares of Blucora from a “strong-buy” rating to a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $38.21.

In related news, Director Lance G. Dunn sold 27,000 shares of the firm’s stock in a transaction on Friday, September 28th. The stock was sold at an average price of $38.25, for a total value of $1,032,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mathieu Frederic Stevenson sold 20,158 shares of the firm’s stock in a transaction on Thursday, October 25th. The stock was sold at an average price of $31.38, for a total value of $632,558.04. Following the completion of the sale, the insider now owns 39,020 shares of the company’s stock, valued at $1,224,447.60. The disclosure for this sale can be found here. Insiders have sold a total of 122,486 shares of company stock valued at $4,175,529 over the last quarter. Corporate insiders own 2.91% of the company’s stock.

About Blucora

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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Earnings History for Blucora (NASDAQ:BCOR)

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