Brokerages expect that Nuance Communications Inc. (NASDAQ:NUAN) will post earnings of $0.28 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Nuance Communications’ earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.28. Nuance Communications posted earnings of $0.43 per share during the same quarter last year, which would indicate a negative year over year growth rate of 34.9%. The firm is expected to issue its next earnings report on Tuesday, May 8th.
On average, analysts expect that Nuance Communications will report full year earnings of $1.18 per share for the current fiscal year, with EPS estimates ranging from $1.17 to $1.18. For the next year, analysts anticipate that the firm will post earnings of $1.26 per share, with EPS estimates ranging from $1.23 to $1.29. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Nuance Communications.
Nuance Communications (NASDAQ:NUAN) last announced its earnings results on Thursday, February 8th. The software maker reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The company had revenue of $508.80 million during the quarter, compared to the consensus estimate of $508.55 million. Nuance Communications had a positive return on equity of 11.62% and a negative net margin of 3.76%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 earnings per share.
Shares of Nuance Communications (NUAN) traded up $0.40 during mid-day trading on Friday, reaching $16.71. The company had a trading volume of 2,580,000 shares, compared to its average volume of 2,500,000. The stock has a market capitalization of $4,910.00, a PE ratio of -30.94, a price-to-earnings-growth ratio of 1.65 and a beta of 0.69. Nuance Communications has a 12 month low of $14.02 and a 12 month high of $19.93. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.46 and a current ratio of 1.46.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its stake in shares of Nuance Communications by 8.6% in the second quarter. The Manufacturers Life Insurance Company now owns 10,234 shares of the software maker’s stock worth $178,000 after acquiring an additional 809 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Nuance Communications by 6.3% during the fourth quarter. Amalgamated Bank now owns 55,060 shares of the software maker’s stock valued at $900,000 after purchasing an additional 3,245 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in shares of Nuance Communications by 2.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 167,701 shares of the software maker’s stock valued at $2,742,000 after purchasing an additional 3,304 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Nuance Communications by 6.2% during the fourth quarter. LPL Financial LLC now owns 65,457 shares of the software maker’s stock valued at $1,070,000 after purchasing an additional 3,810 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its holdings in shares of Nuance Communications by 12.8% during the fourth quarter. Wedge Capital Management L L P NC now owns 35,574 shares of the software maker’s stock valued at $582,000 after purchasing an additional 4,036 shares in the last quarter. 85.10% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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