(NYSE:CRCM) Updates FY18 Earnings Guidance (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 also updated its Q1 guidance to $0.13 EPS.

Shares of (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. has a 12 month low of $10.56 and a 12 month high of $20.88. (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. 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 will post 0.36 earnings per share for the current year.

CRCM has been the subject of several recent research reports. Zacks Investment Research cut from a hold rating to a sell rating in a research note on Monday, March 5th. TheStreet lowered from a b- rating to a c+ rating in a report on Wednesday, February 7th. Finally, Stifel Nicolaus restated a hold rating and issued a $18.00 target price (up from $16.00) on shares of in a report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $19.00.

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 stock. The Manufacturers Life Insurance Company raised its holdings in shares of 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 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.

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