Wall Street brokerages expect Blucora Inc (NASDAQ:BCOR) to announce $148.89 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Blucora’s earnings. The highest sales estimate is $152.10 million and the lowest is $145.91 million. Blucora reported sales of $95.39 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 56.1%. The company is expected to issue its next quarterly earnings results on Wednesday, October 30th.
According to Zacks, analysts expect that Blucora will report full year sales of $721.22 million for the current fiscal year, with estimates ranging from $716.76 million to $727.50 million. For the next fiscal year, analysts expect that the business will post sales of $836.45 million, with estimates ranging from $826.48 million to $844.70 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Blucora.
Blucora (NASDAQ:BCOR) last posted its earnings results on Wednesday, August 7th. The information services provider reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.12. Blucora had a net margin of 10.27% and a return on equity of 14.94%. The company had revenue of $193.70 million during the quarter, compared to analysts’ expectations of $191.26 million. During the same quarter in the prior year, the company posted $0.97 earnings per share. Blucora’s revenue for the quarter was up 22.8% compared to the same quarter last year.
A number of equities research analysts recently commented on the stock. Zacks Investment Research cut shares of Blucora from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Barrington Research reissued a “buy” rating and set a $36.00 target price on shares of Blucora in a research report on Monday, August 12th. BidaskClub raised shares of Blucora from a “strong sell” rating to a “sell” rating in a research report on Thursday. Finally, ValuEngine raised shares of Blucora from a “sell” rating to a “hold” rating in a research report on Saturday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $38.00.
NASDAQ:BCOR traded up $0.74 during midday trading on Monday, reaching $25.24. 248,125 shares of the stock traded hands, compared to its average volume of 339,692. Blucora has a 12-month low of $20.82 and a 12-month high of $41.35. The business has a 50-day moving average of $24.33 and a two-hundred day moving average of $29.74. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a market capitalization of $1.17 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 0.72 and a beta of 0.72.
In other Blucora news, CEO John S. Clendening sold 10,000 shares of the firm’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $29.23, for a total value of $292,300.00. Following the completion of the transaction, the chief executive officer now owns 721,217 shares of the company’s stock, valued at $21,081,172.91. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.40% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. NumerixS Investment Technologies Inc purchased a new position in shares of Blucora in the second quarter worth $67,000. Point72 Hong Kong Ltd purchased a new position in shares of Blucora in the second quarter worth $107,000. Bank of Montreal Can raised its holdings in shares of Blucora by 112.2% in the first quarter. Bank of Montreal Can now owns 6,127 shares of the information services provider’s stock worth $205,000 after buying an additional 3,239 shares during the last quarter. Sawtooth Solutions LLC purchased a new position in shares of Blucora in the first quarter worth $205,000. Finally, Everence Capital Management Inc. purchased a new position in shares of Blucora in the first quarter worth $215,000. 94.82% of the stock is owned by institutional investors and hedge funds.
Blucora Company Profile
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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