Blucora (BCOR) Updates Q2 Earnings Guidance

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Blucora (NASDAQ:BCOR) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.71-0.77 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.85. The company issued revenue guidance of $163.0-166.5 million, compared to the consensus revenue estimate of $167.36 million.Blucora also updated its FY 2019 guidance to $1.80-2.01 EPS.

NASDAQ:BCOR traded down $1.88 during trading hours on Thursday, hitting $32.49. 396,900 shares of the stock traded hands, compared to its average volume of 254,010. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.43. Blucora has a fifty-two week low of $23.83 and a fifty-two week high of $41.35. The company has a market cap of $1.66 billion, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 0.89 and a beta of 0.57.

Blucora (NASDAQ:BCOR) last announced its earnings results on Wednesday, May 8th. The information services provider reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.18. Blucora had a net margin of 8.98% and a return on equity of 13.95%. The company had revenue of $225.80 million for the quarter, compared to the consensus estimate of $224.95 million. During the same period in the previous year, the business earned $1.20 EPS. The company’s revenue was up 9.6% on a year-over-year basis. Equities research analysts anticipate that Blucora will post 2.02 earnings per share for the current year.

A number of equities analysts have recently weighed in on BCOR shares. Zacks Investment Research downgraded shares of Blucora from a hold rating to a sell rating in a research note on Tuesday, February 5th. Barrington Research reaffirmed a buy rating and issued a $41.00 price target on shares of Blucora in a research note on Wednesday, March 20th. BidaskClub raised shares of Blucora from a hold rating to a buy rating in a research note on Friday, January 25th. Finally, ValuEngine downgraded shares of Blucora from a buy rating to a hold rating in a research note on Thursday, February 14th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Blucora currently has a consensus rating of Buy and a consensus price target of $43.00.

In other Blucora news, CEO Todd C. Mackay sold 9,084 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $32.50, for a total transaction of $295,230.00. Following the transaction, the chief executive officer now directly owns 45,939 shares of the company’s stock, valued at $1,493,017.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ann J. Bruder sold 5,600 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $35.00, for a total transaction of $196,000.00. Following the transaction, the insider now directly owns 45,531 shares in the company, valued at $1,593,585. The disclosure for this sale can be found here. Insiders sold 21,951 shares of company stock worth $733,730 over the last ninety days. 3.40% of the stock is currently owned by company insiders.

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About Blucora

Blucora, Inc provides technology-enabled financial solutions to consumers, small business owners, and tax professionals in the United States. The company operates through two segments, Wealth Management and Tax Preparation. The Wealth Management segment offers an integrated platform of brokerage, investment advisory, and insurance services to financial advisors.

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