$496.30 Million in Sales Expected for Nuance Communications Inc. (NUAN) This Quarter

Analysts expect Nuance Communications Inc. (NASDAQ:NUAN) to post $496.30 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Nuance Communications’ earnings, with estimates ranging from $495.00 million to $497.60 million. Nuance Communications reported sales of $495.62 million in the same quarter last year, which would suggest a positive year over year growth rate of 0.1%. The company is scheduled to announce its next earnings report on Tuesday, August 14th.

On average, analysts expect that Nuance Communications will report full-year sales of $2.05 billion for the current year, with estimates ranging from $2.04 billion to $2.06 billion. For the next financial year, analysts anticipate that the business will post sales of $2.11 billion per share, with estimates ranging from $2.10 billion to $2.13 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Nuance Communications.

Nuance Communications (NASDAQ:NUAN) last issued its quarterly earnings data on Wednesday, May 9th. The software maker reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). Nuance Communications had a positive return on equity of 9.42% and a negative net margin of 10.32%. The company had revenue of $518.31 million during the quarter, compared to the consensus estimate of $516.43 million. During the same quarter last year, the company posted $0.32 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year.

Several brokerages have commented on NUAN. Canaccord Genuity restated a “buy” rating and issued a $21.00 price objective on shares of Nuance Communications in a report on Monday, January 22nd. BidaskClub lowered shares of Nuance Communications from a “sell” rating to a “strong sell” rating in a report on Saturday, April 7th. Oppenheimer restated a “buy” rating and issued a $23.00 price objective on shares of Nuance Communications in a report on Tuesday, January 23rd. Zacks Investment Research lowered shares of Nuance Communications from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, ValuEngine lowered shares of Nuance Communications from a “sell” rating to a “strong sell” rating in a report on Friday, May 11th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $20.00.

NASDAQ NUAN traded up $0.56 during trading on Friday, hitting $13.70. The company had a trading volume of 4,573,761 shares, compared to its average volume of 3,573,941. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.22. Nuance Communications has a one year low of $12.18 and a one year high of $19.49. The firm has a market capitalization of $3.88 billion, a PE ratio of 22.83, a price-to-earnings-growth ratio of 1.56 and a beta of 0.66.

Several large investors have recently added to or reduced their stakes in the company. Amalgamated Bank grew its position in shares of Nuance Communications by 6.3% in the 4th quarter. Amalgamated Bank now owns 55,060 shares of the software maker’s stock worth $900,000 after buying an additional 3,245 shares during the period. Farmers & Merchants Investments Inc. grew its position in shares of Nuance Communications by 2.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 167,701 shares of the software maker’s stock worth $2,742,000 after buying an additional 3,304 shares during the period. State Board of Administration of Florida Retirement System grew its position in shares of Nuance Communications by 0.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 374,439 shares of the software maker’s stock worth $5,897,000 after buying an additional 3,510 shares during the period. LPL Financial LLC grew its position in shares of Nuance Communications by 6.2% in the 4th quarter. LPL Financial LLC now owns 65,457 shares of the software maker’s stock worth $1,070,000 after buying an additional 3,810 shares during the period. Finally, Wedge Capital Management L L P NC grew its position in shares of Nuance Communications by 12.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 35,574 shares of the software maker’s stock worth $582,000 after buying an additional 4,036 shares during the period. 88.05% of the stock is currently owned by hedge funds and other institutional investors.

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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