Care.com (NYSE:CRCM) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.63-0.65 for the period, compared to the Thomson Reuters consensus estimate of $0.63. The company issued revenue guidance of $190-191 million, compared to the consensus revenue estimate of $190.37 million.Care.com also updated its Q1 guidance to $0.13 EPS.
Shares of Care.com (CRCM) opened at $18.40 on Wednesday. The company has a market capitalization of $570.31, a P/E ratio of 64.52, a P/E/G ratio of 3.51 and a beta of 0.98. Care.com has a 12 month low of $10.56 and a 12 month high of $20.88.
Care.com (NYSE:CRCM) last announced its quarterly earnings results on Tuesday, February 27th. The information services provider reported $0.11 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.11. The business had revenue of $44.22 million during the quarter, compared to analysts’ expectations of $44.02 million. Care.com had a return on equity of 16.30% and a net margin of 6.13%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.20 EPS. equities analysts anticipate that Care.com will post 0.36 earnings per share for the current year.
In other news, CEO Sheila Lirio Marcelo sold 15,439 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $17.64, for a total transaction of $272,343.96. Following the completion of the transaction, the chief executive officer now directly owns 946,913 shares in the company, valued at $16,703,545.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Michael Echenberg sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $18.80, for a total value of $28,200.00. Following the transaction, the chief financial officer now owns 26,972 shares of the company’s stock, valued at $507,073.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 124,973 shares of company stock valued at $2,286,021. Corporate insiders own 35.90% of the company’s stock.
An institutional investor recently raised its position in Care.com stock. The Manufacturers Life Insurance Company raised its holdings in shares of Care.com Inc (NYSE:CRCM) by 47.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,801 shares of the information services provider’s stock after buying an additional 3,805 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Care.com were worth $179,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 72.56% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Care.com (NYSE:CRCM) Updates FY18 Earnings Guidance” was originally reported by Week Herald and is the sole property of of Week Herald. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The original version of this piece of content can be read at https://weekherald.com/2018/03/14/care-com-crcm-releases-fy18-earnings-guidance.html.
Care.com Company Profile
Care.com, Inc is an online marketplace for finding and managing family care. As of December 31, 2016, the Company had 22.8 million members, including 12.9 million families and 9.9 million caregivers, spanning 19 countries. Its consumer matching solutions allow families to search for, qualify, vet, connect with and select caregivers.
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.