Blucora (BCOR) Expected to Post Earnings of $0.98 Per Share

Brokerages expect Blucora (NASDAQ:BCOR) to announce $0.98 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Blucora’s earnings. The highest EPS estimate is $1.02 and the lowest is $0.94. Blucora posted earnings per share of $1.04 in the same quarter last year, which would suggest a negative year-over-year growth rate of 5.8%. The company is expected to announce its next earnings results on Thursday, May 3rd.

According to Zacks, analysts expect that Blucora will report full-year earnings of $1.67 per share for the current year, with EPS estimates ranging from $1.62 to $1.71. For the next year, analysts expect that the company will post earnings of $2.00 per share, with EPS estimates ranging from $1.91 to $2.09. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Blucora.

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Blucora (NASDAQ:BCOR) last announced its quarterly earnings data on Thursday, February 15th. The information services provider reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.13. The business had revenue of $97.85 million for the quarter, compared to analysts’ expectations of $91.99 million. Blucora had a net margin of 5.31% and a return on equity of 11.22%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.18) earnings per share.

A number of analysts have weighed in on BCOR shares. Zacks Investment Research cut shares of Blucora from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. ValuEngine raised shares of Blucora from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. BidaskClub cut shares of Blucora from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. Benchmark reaffirmed a “buy” rating and set a $32.00 target price on shares of Blucora in a research note on Friday, February 16th. Finally, TheStreet raised shares of Blucora from a “c” rating to a “b” rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $25.25.

NASDAQ:BCOR traded up $0.55 during mid-day trading on Friday, reaching $26.80. The stock had a trading volume of 397,624 shares, compared to its average volume of 370,129. The stock has a market capitalization of $1,177.70, a price-to-earnings ratio of 21.52, a price-to-earnings-growth ratio of 0.85 and a beta of -0.12. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.92 and a quick ratio of 1.92. Blucora has a 12 month low of $17.00 and a 12 month high of $26.95.

In other news, insider John S. Clendening sold 28,800 shares of Blucora stock in a transaction on Monday, February 26th. The shares were sold at an average price of $24.85, for a total transaction of $715,680.00. Following the transaction, the insider now owns 645,548 shares in the company, valued at $16,041,867.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Mathieu Frederic Stevenson sold 33,572 shares of Blucora stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $24.03, for a total transaction of $806,735.16. Following the transaction, the chief marketing officer now owns 58,882 shares in the company, valued at approximately $1,414,934.46. The disclosure for this sale can be found here. In the last quarter, insiders have sold 175,272 shares of company stock worth $4,273,842. 14.10% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Blucora by 4.8% during the fourth quarter. BlackRock Inc. now owns 5,826,130 shares of the information services provider’s stock worth $128,756,000 after purchasing an additional 268,791 shares during the period. First Trust Advisors LP lifted its holdings in Blucora by 28.4% in the fourth quarter. First Trust Advisors LP now owns 2,354,491 shares of the information services provider’s stock valued at $52,034,000 after buying an additional 520,957 shares during the period. Renaissance Technologies LLC lifted its holdings in Blucora by 11.9% in the fourth quarter. Renaissance Technologies LLC now owns 2,055,700 shares of the information services provider’s stock valued at $45,431,000 after buying an additional 217,900 shares during the period. Park West Asset Management LLC lifted its holdings in Blucora by 57.1% in the fourth quarter. Park West Asset Management LLC now owns 1,490,500 shares of the information services provider’s stock valued at $32,940,000 after buying an additional 541,900 shares during the period. Finally, Allianz Asset Management GmbH lifted its holdings in Blucora by 31.4% in the fourth quarter. Allianz Asset Management GmbH now owns 762,114 shares of the information services provider’s stock valued at $16,843,000 after buying an additional 181,904 shares during the period. Institutional investors own 96.80% of the company’s stock.

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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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