Care.com, Inc. (CRCM) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS
Care.com, Inc. (NYSE:CRCM) issued its quarterly earnings data on Thursday. The information services provider reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.10, Bloomberg Earnings reports. Care.com had a return on equity of 17.72% and a net margin of 4.46%. The business had revenue of $44.50 million during the quarter, compared to analyst estimates of $44.22 million. During the same period in the previous year, the firm earned $0.02 EPS. Care.com’s quarterly revenue was up 9.1% compared to the same quarter last year. Care.com updated its Q4 guidance to $0.15-0.16 EPS and its FY18 guidance to $0.65 EPS.
Shares of Care.com (CRCM) traded up $4.65 during trading on Friday, hitting $19.63. The stock had a trading volume of 714,708 shares, compared to its average volume of 192,827. Care.com has a one year low of $7.51 and a one year high of $19.68. The company has a market cap of $590.53, a PE ratio of 53.05, a P/E/G ratio of 6.33 and a beta of 0.92.
CRCM has been the subject of a number of recent research reports. Zacks Investment Research raised Care.com from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Wednesday, July 19th. BidaskClub downgraded Care.com from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, Roth Capital raised Care.com from a “neutral” rating to a “buy” rating and upped their price target for the stock from $14.00 to $18.00 in a research report on Thursday.
In other news, General Counsel Diane Musi sold 3,018 shares of the company’s 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 $43,942.08. Following the sale, the general counsel now owns 33,006 shares in the company, valued at approximately $480,567.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Sheila Lirio Marcelo sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $16.18, for a total value of $80,900.00. Following the sale, the insider now owns 952,273 shares in the company, valued at approximately $15,407,777.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 106,353 shares of company stock worth $1,726,582. Company insiders own 24.70% of the company’s stock.
A hedge fund recently raised its stake in Care.com stock. The Manufacturers Life Insurance Company raised its position in Care.com, Inc. (NYSE:CRCM) by 47.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 Care.com were worth $179,000 at the end of the most recent reporting period. 73.75% of the stock is owned by hedge funds and other institutional investors.
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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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