Zacks: Brokerages Anticipate Nuance Communications Inc. (NUAN) to Post $0.25 EPS

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Equities research analysts expect Nuance Communications Inc. (NASDAQ:NUAN) to announce earnings per share (EPS) of $0.25 for the current quarter, Zacks reports. Three analysts have made estimates for Nuance Communications’ earnings, with the lowest EPS estimate coming in at $0.23 and the highest estimate coming in at $0.26. Nuance Communications posted earnings per share of $0.27 during the same quarter last year, which suggests a negative year over year growth rate of 7.4%. The business is scheduled to announce its next earnings results on Wednesday, May 8th.

On average, analysts expect that Nuance Communications will report full-year earnings of $1.13 per share for the current fiscal year, with EPS estimates ranging from $1.11 to $1.14. For the next year, analysts anticipate that the business will post earnings of $1.23 per share, with EPS estimates ranging from $1.20 to $1.30. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Nuance Communications.

Nuance Communications (NASDAQ:NUAN) last posted its quarterly earnings data on Thursday, February 7th. The software maker reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.07. Nuance Communications had a positive return on equity of 13.59% and a negative net margin of 9.50%. The firm had revenue of $493.65 million during the quarter, compared to the consensus estimate of $504.85 million. During the same period in the prior year, the company earned $0.27 EPS. The firm’s revenue was up 10.4% compared to the same quarter last year.

Several research firms recently commented on NUAN. BidaskClub downgraded Nuance Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, February 20th. Zacks Investment Research raised Nuance Communications from a “sell” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Thursday, January 24th. Wedbush reissued a “buy” rating and issued a $22.00 price objective on shares of Nuance Communications in a research note on Friday, February 8th. Finally, Morgan Stanley downgraded Nuance Communications from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $19.00 to $17.00 in a research note on Tuesday, January 15th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $18.33.

In other Nuance Communications news, insider Daniel David Tempesta sold 7,500 shares of the firm’s stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $13.03, for a total value of $97,725.00. Following the completion of the sale, the insider now directly owns 513,462 shares of the company’s stock, valued at approximately $6,690,409.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas L. Beaudoin sold 8,301 shares of the firm’s stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $12.97, for a total value of $107,663.97. Following the completion of the sale, the executive vice president now directly owns 334,824 shares of the company’s stock, valued at $4,342,667.28. The disclosure for this sale can be found here. Insiders sold a total of 114,736 shares of company stock valued at $1,830,761 over the last ninety days. Corporate insiders own 0.68% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of NUAN. Investors Research Corp grew its holdings in shares of Nuance Communications by 2.5% during the 4th quarter. Investors Research Corp now owns 28,350 shares of the software maker’s stock worth $375,000 after purchasing an additional 700 shares during the period. FDx Advisors Inc. grew its holdings in shares of Nuance Communications by 4.8% during the 4th quarter. FDx Advisors Inc. now owns 16,403 shares of the software maker’s stock worth $217,000 after purchasing an additional 758 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Nuance Communications by 0.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 113,706 shares of the software maker’s stock worth $1,504,000 after purchasing an additional 905 shares during the period. Wade G W & Inc. boosted its holdings in Nuance Communications by 0.8% during the 4th quarter. Wade G W & Inc. now owns 120,953 shares of the software maker’s stock valued at $1,600,000 after acquiring an additional 940 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Nuance Communications by 81.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,129 shares of the software maker’s stock valued at $28,000 after acquiring an additional 956 shares during the period. 85.81% of the stock is owned by institutional investors and hedge funds.

NASDAQ NUAN traded down $0.21 during mid-day trading on Friday, hitting $16.79. The stock had a trading volume of 2,249,933 shares, compared to its average volume of 2,237,731. Nuance Communications has a twelve month low of $12.18 and a twelve month high of $17.88. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.95 and a current ratio of 1.95. The company has a market cap of $4.85 billion, a P/E ratio of 20.73, a P/E/G ratio of 1.92 and a beta of 1.18.

Nuance Communications Company Profile

Nuance Communications, Inc provides voice recognition and natural language understanding solutions worldwide. It operates through five segments: Healthcare, Automotive, Enterprise, Imaging, and Other. The Healthcare segment offers clinical speech and clinical language understanding solutions, such as Dragon Medical, a dictation software that allow physicians to capture and document patient care in real-time; transcription solutions, which enable physicians to streamline clinical documentation with a transcription platforms; clinical document improvement and coding solutions; diagnostic solutions that allow radiologists to document, collaborate, and share medical images and reports; and professional and personal productivity solutions to business users and consumers.

See Also: Limitations of the P/E Growth ratio

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