Brokerages expect Nuance Communications, Inc. (NASDAQ:NUAN) to post earnings per share of $0.22 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Nuance Communications’ earnings. The highest EPS estimate is $0.27 and the lowest is $0.20. Nuance Communications posted earnings per share of $0.35 during the same quarter last year, which indicates a negative year-over-year growth rate of 37.1%. The company is scheduled to report its next earnings report on Tuesday, February 6th.
On average, analysts expect that Nuance Communications will report full-year earnings of $1.11 per share for the current financial year, with EPS estimates ranging from $1.08 to $1.15. For the next fiscal year, analysts anticipate that the business will report earnings of $1.19 per share, with EPS estimates ranging from $1.15 to $1.25. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Nuance Communications.
Nuance Communications (NASDAQ:NUAN) last announced its earnings results on Tuesday, November 28th. The software maker reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.05. The business had revenue of $474.70 million during the quarter, compared to analyst estimates of $457.09 million. Nuance Communications had a positive return on equity of 12.15% and a negative net margin of 7.75%. Nuance Communications’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period last year, the company earned $0.41 EPS.
In other news, insider Daniel David Tempesta sold 6,500 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $15.58, for a total value of $101,270.00. Following the completion of the sale, the insider now directly owns 258,188 shares in the company, valued at approximately $4,022,569.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Kenneth M. Siegel sold 4,682 shares of the firm’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $16.00, for a total value of $74,912.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,864 shares of company stock valued at $243,603. 1.67% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC bought a new position in Nuance Communications in the 2nd quarter valued at about $103,000. Commonwealth Bank of Australia lifted its position in Nuance Communications by 29.6% in the 2nd quarter. Commonwealth Bank of Australia now owns 7,000 shares of the software maker’s stock valued at $121,000 after acquiring an additional 1,600 shares in the last quarter. Exane Derivatives lifted its position in Nuance Communications by 250.3% in the 3rd quarter. Exane Derivatives now owns 8,274 shares of the software maker’s stock valued at $130,000 after acquiring an additional 5,912 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Nuance Communications by 23.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the software maker’s stock valued at $146,000 after acquiring an additional 1,600 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Nuance Communications in the 3rd quarter valued at about $149,000. 85.56% of the stock is currently owned by institutional investors and hedge funds.
Shares of Nuance Communications (NASDAQ NUAN) traded up $0.09 during trading hours on Thursday, reaching $15.60. The company had a trading volume of 2,201,025 shares, compared to its average volume of 5,099,511. The company has a market cap of $4,528.34, a price-to-earnings ratio of 19.50, a P/E/G ratio of 1.61 and a beta of 0.60. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.19 and a current ratio of 1.19. Nuance Communications has a twelve month low of $14.02 and a twelve month high of $19.93.
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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