Zacks: Analysts Anticipate Nuance Communications Inc. (NUAN) Will Post Quarterly Sales of $512.43 Million

Brokerages expect Nuance Communications Inc. (NASDAQ:NUAN) to post $512.43 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Nuance Communications’ earnings. The highest sales estimate is $520.30 million and the lowest is $501.00 million. Nuance Communications reported sales of $511.10 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 0.3%. The business is expected to report its next quarterly earnings report on Tuesday, May 8th.

On average, analysts expect that Nuance Communications will report full year sales of $2.08 billion for the current year, with estimates ranging from $2.07 billion to $2.09 billion. For the next financial year, analysts anticipate that the company will post sales of $2.16 billion per share, with estimates ranging from $2.15 billion to $2.17 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Nuance Communications.

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Nuance Communications (NASDAQ:NUAN) last posted its earnings results on Thursday, February 8th. The software maker reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. The business had revenue of $508.80 million for the quarter, compared to analyst estimates of $508.55 million. Nuance Communications had a negative net margin of 3.76% and a positive return on equity of 11.62%. Nuance Communications’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 EPS.



A number of research firms recently weighed in on NUAN. Oppenheimer reaffirmed a “buy” rating and set a $23.00 target price on shares of Nuance Communications in a report on Monday, December 18th. Zacks Investment Research lowered shares of Nuance Communications from a “hold” rating to a “sell” rating in a report on Wednesday. BidaskClub raised shares of Nuance Communications from a “sell” rating to a “hold” rating in a report on Saturday, March 3rd. Canaccord Genuity reissued a “buy” rating and issued a $21.00 price target on shares of Nuance Communications in a report on Monday, January 22nd. Finally, TheStreet raised shares of Nuance Communications from a “d+” rating to a “c-” rating in a report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $20.75.

Several large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its holdings in shares of Nuance Communications by 8.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,234 shares of the software maker’s stock worth $178,000 after buying an additional 809 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Nuance Communications by 6.3% during the 4th 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 during the last quarter. Farmers & Merchants Investments Inc. grew its holdings in shares of Nuance Communications by 2.0% during the 4th 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 during the last quarter. LPL Financial LLC grew its holdings in shares of Nuance Communications by 6.2% during the 4th 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 during the last quarter. Finally, Wedge Capital Management L L P NC grew its holdings in shares of Nuance Communications by 12.8% during the 4th 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 during the last quarter. 85.44% of the stock is currently owned by hedge funds and other institutional investors.

Nuance Communications stock traded down $0.16 during midday trading on Friday, reaching $14.88. 1,209,002 shares of the stock were exchanged, compared to its average volume of 2,172,020. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $4,417.24, a PE ratio of 24.80, a price-to-earnings-growth ratio of 1.51 and a beta of 0.64. Nuance Communications has a 52 week low of $14.02 and a 52 week high of $19.93.

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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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