Care.com, Inc. (CRCM) Releases FY18 Earnings Guidance
Care.com, Inc. (NYSE:CRCM) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.65 for the period, compared to the Thomson Reuters consensus estimate of $0.48. The company issued revenue guidance of $190 million, compared to the consensus revenue estimate of $189.73 million.Care.com also updated its Q4 guidance to $0.15-0.16 EPS.
Several research firms have issued reports on CRCM. Roth Capital upgraded shares of Care.com from a neutral rating to a buy rating and lifted their price target for the stock from $14.00 to $18.00 in a research report on Thursday. Zacks Investment Research lowered shares of Care.com from a buy rating to a hold rating in a research report on Thursday, October 26th. Finally, BidaskClub lowered shares of Care.com from a buy rating to a hold rating in a research report on Wednesday, October 18th.
Care.com, Inc. (CRCM) opened at $19.63 on Friday. The stock has a market cap of $590.54 million, a P/E ratio of 46.08, a price-to-earnings-growth ratio of 5.50 and a beta of 0.92. Care.com, Inc. has a 12-month low of $7.51 and a 12-month high of $19.68.
Care.com (NYSE:CRCM) last posted its quarterly earnings results on Thursday, November 2nd. The information services provider reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.10. The firm had revenue of $44.50 million for the quarter, compared to analyst estimates of $44.22 million. Care.com had a net margin of 4.46% and a return on equity of 17.72%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.02 earnings per share. research analysts forecast that Care.com, Inc. will post 0.21 earnings per share for the current fiscal year.
In other Care.com news, CFO Michael Echenberg sold 6,329 shares of Care.com stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $14.56, for a total transaction of $92,150.24. Following the transaction, the chief financial officer now directly owns 18,876 shares in the company, valued at approximately $274,834.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David Krupinski sold 3,326 shares of Care.com stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $14.56, for a total transaction of $48,426.56. Following the transaction, the insider now owns 176,128 shares in the company, valued at $2,564,423.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 106,353 shares of company stock worth $1,726,582. Corporate insiders own 24.70% of the company’s stock.
An institutional investor recently raised its position in Care.com stock. The Manufacturers Life Insurance Company boosted its position in shares of Care.com, Inc. (NYSE:CRCM) by 47.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,801 shares of the information services provider’s stock after purchasing an additional 3,805 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Care.com were worth $179,000 at the end of the most recent reporting period. 73.75% of the stock is owned by institutional investors and hedge funds.
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.
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