Oppenheimer Research Analysts Lift Earnings Estimates for Nuance Communications, Inc. (NUAN)

Nuance Communications, Inc. (NASDAQ:NUAN) – Analysts at Oppenheimer raised their Q1 2018 earnings per share (EPS) estimates for shares of Nuance Communications in a report released on Wednesday. Oppenheimer analyst S. Eyal now anticipates that the software maker will post earnings per share of $0.14 for the quarter, up from their previous forecast of $0.12. Oppenheimer currently has a “Buy” rating and a $23.00 price objective on the stock. Oppenheimer also issued estimates for Nuance Communications’ Q2 2018 earnings at $0.19 EPS, Q3 2018 earnings at $0.21 EPS, Q4 2018 earnings at $0.26 EPS, FY2018 earnings at $0.80 EPS and FY2019 earnings at $0.85 EPS.

Several other analysts have also commented on the stock. Morgan Stanley upgraded shares of Nuance Communications from an “equal weight” rating to an “overweight” rating and set a $18.00 price target on the stock in a research report on Thursday, November 2nd. Zacks Investment Research upgraded shares of Nuance Communications from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Stifel Nicolaus restated a “hold” rating and set a $18.00 target price (down previously from $19.00) on shares of Nuance Communications in a research report on Wednesday, November 29th. TheStreet lowered shares of Nuance Communications from a “c” rating to a “d+” rating in a research report on Tuesday, November 28th. Finally, Raymond James Financial decreased their target price on shares of Nuance Communications from $24.00 to $22.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $20.50.

Nuance Communications (NASDAQ NUAN) traded down $0.23 during mid-day trading on Monday, hitting $15.06. 4,130,700 shares of the stock traded hands, compared to its average volume of 2,795,573. The firm has a market capitalization of $4,438.35, a price-to-earnings ratio of 19.11, a PEG ratio of 1.58 and a beta of 0.60. Nuance Communications has a twelve month low of $14.02 and a twelve month high of $19.93. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.16.

Nuance Communications (NASDAQ:NUAN) last released its quarterly earnings results on Tuesday, November 28th. The software maker reported $0.20 EPS for the quarter, beating the consensus estimate of $0.15 by $0.05. The business had revenue of $474.70 million for the quarter, compared to analyst estimates of $457.09 million. Nuance Communications had a negative net margin of 7.75% and a positive return on equity of 12.15%. The company’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 earnings per share.

Several hedge funds have recently modified their holdings of the company. Moors & Cabot Inc. raised its stake in shares of Nuance Communications by 1.3% in the 2nd quarter. Moors & Cabot Inc. now owns 11,215 shares of the software maker’s stock valued at $193,000 after acquiring an additional 140 shares during the period. Sicart Associates LLC increased its stake in 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 during the period. D.A. Davidson & CO. increased its stake in 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 during the period. Wrapmanager Inc. increased its stake in 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 during the period. Finally, CIBC Asset Management Inc increased its stake in 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 during the period. 85.56% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Daniel David Tempesta sold 6,500 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $15.58, for a total value of $101,270.00. Following the transaction, the insider now owns 258,188 shares of the company’s stock, valued at approximately $4,022,569.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Kenneth M. Siegel sold 4,682 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $14.40, for a total transaction of $67,420.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,864 shares of company stock worth $243,603. 1.67% of the stock is currently owned by insiders.

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About Nuance Communications

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.

Earnings History and Estimates for Nuance Communications (NASDAQ:NUAN)

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