Analysts Anticipate Nuance Communications, Inc. (NUAN) Will Announce Quarterly Sales of $492.78 Million
Wall Street brokerages predict that Nuance Communications, Inc. (NASDAQ:NUAN) will report sales of $492.78 million for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Nuance Communications’ earnings. The highest sales estimate is $493.90 million and the lowest is $490.91 million. Nuance Communications posted sales of $496.02 million during the same quarter last year, which would indicate a negative year over year growth rate of 0.7%. The company is scheduled to report its next earnings results on Tuesday, February 6th.
According to Zacks, analysts expect that Nuance Communications will report full-year sales of $492.78 million for the current fiscal year, with estimates ranging from $2.04 billion to $2.07 billion. For the next financial year, analysts anticipate that the firm will post sales of $2.14 billion per share, with estimates ranging from $2.11 billion to $2.17 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Nuance Communications.
Nuance Communications (NASDAQ:NUAN) last released its quarterly earnings results on Tuesday, November 28th. The software maker reported $0.20 earnings per share 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 analysts’ expectations of $457.09 million. Nuance Communications had a positive return on equity of 12.15% and a negative net margin of 7.75%. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period last year, the firm posted $0.41 EPS.
Several brokerages have weighed in on NUAN. Morgan Stanley reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Nuance Communications in a report on Wednesday, November 22nd. Zacks Investment Research raised Nuance Communications from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. TheStreet cut Nuance Communications from a “c” rating to a “d+” rating in a report on Tuesday, November 28th. Oppenheimer reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Nuance Communications in a report on Wednesday, November 29th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $18.00 price objective (down from $19.00) on shares of Nuance Communications in a report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $20.50.
In other news, insider Daniel David Tempesta sold 6,500 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $15.58, for a total transaction of $101,270.00. Following the completion of the transaction, the insider now owns 258,188 shares of the company’s stock, valued at approximately $4,022,569.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kenneth M. Siegel sold 4,682 shares of the business’s stock in a transaction on Friday, October 6th. The stock was 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. Insiders sold a total of 15,864 shares of company stock valued at $243,603 over the last ninety days. Insiders own 1.67% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Moors & Cabot Inc. raised its holdings in shares of Nuance Communications by 1.3% during the 2nd quarter. Moors & Cabot Inc. now owns 11,215 shares of the software maker’s stock worth $193,000 after buying an additional 140 shares in the last quarter. Sicart Associates LLC raised its holdings in shares of Nuance Communications by 0.5% during the 2nd quarter. Sicart Associates LLC now owns 86,925 shares of the software maker’s stock worth $1,513,000 after buying an additional 400 shares in the last quarter. D.A. Davidson & CO. raised its holdings in shares of Nuance Communications by 1.0% during the 2nd quarter. D.A. Davidson & CO. now owns 50,279 shares of the software maker’s stock worth $875,000 after buying an additional 474 shares in the last quarter. Wrapmanager Inc. raised its holdings in shares of Nuance Communications by 3.1% during the 2nd quarter. Wrapmanager Inc. now owns 16,829 shares of the software maker’s stock worth $293,000 after buying an additional 500 shares in the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Nuance Communications by 4.0% during the 2nd quarter. CIBC Asset Management Inc now owns 16,888 shares of the software maker’s stock worth $294,000 after buying an additional 655 shares in the last quarter. 85.06% of the stock is owned by institutional investors.
Nuance Communications (NASDAQ NUAN) traded up $0.75 during trading hours on Friday, reaching $16.39. The company had a trading volume of 5,508,957 shares, compared to its average volume of 2,818,341. The firm has a market cap of $4,528.34, a PE 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 1-year low of $14.02 and a 1-year high of $19.93.
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Nuance Communications Company Profile
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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