Analysts expect that Nuance Communications Inc. (NASDAQ:NUAN) will report sales of $512.08 million for the current quarter, according to Zacks Investment Research. Four 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 posted sales of $511.10 million during the same quarter last year, which indicates a positive year over year growth rate of 0.2%. The company is scheduled to announce its next earnings results on Tuesday, May 8th.
On average, analysts expect that Nuance Communications will report full year sales of $512.08 million for the current year, with estimates ranging from $2.07 billion to $2.09 billion. For the next year, analysts expect that the firm 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 research analysts that that provide coverage for Nuance Communications.
Nuance Communications (NASDAQ:NUAN) last announced its quarterly earnings data on Thursday, February 8th. The software maker reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The firm had revenue of $508.80 million for the quarter, compared to the consensus estimate of $508.55 million. Nuance Communications had a negative net margin of 3.76% and a positive return on equity of 11.62%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 earnings per share.
A number of research firms have recently commented on NUAN. Oppenheimer reissued a “buy” rating and issued a $23.00 target price on shares of Nuance Communications in a report on Tuesday, January 23rd. BidaskClub cut shares of Nuance Communications from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Canaccord Genuity reissued a “buy” rating and issued a $21.00 target price on shares of Nuance Communications in a report on Monday, January 22nd. TheStreet raised shares of Nuance Communications from a “d+” rating to a “c-” rating in a report on Wednesday, January 17th. Finally, Zacks Investment Research cut shares of Nuance Communications from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $20.50.
Shares of NUAN stock opened at $16.98 on Wednesday. The stock has a market cap of $5,119.18, a PE ratio of -62.89, a price-to-earnings-growth ratio of 1.76 and a beta of 0.69. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.46 and a current ratio of 1.46. Nuance Communications has a one year low of $14.02 and a one year high of $19.93.
Several hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its holdings in shares of Nuance Communications by 3.6% in the third quarter. Ameriprise Financial Inc. now owns 18,257,115 shares of the software maker’s stock worth $286,977,000 after acquiring an additional 637,014 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Nuance Communications by 955.0% in the 4th quarter. Victory Capital Management Inc. now owns 6,737,164 shares of the software maker’s stock valued at $110,153,000 after buying an additional 6,098,570 shares during the last quarter. Fairpointe Capital LLC raised its holdings in Nuance Communications by 1.7% in the 4th quarter. Fairpointe Capital LLC now owns 5,219,722 shares of the software maker’s stock valued at $85,343,000 after buying an additional 85,412 shares during the last quarter. Sirios Capital Management L P raised its holdings in Nuance Communications by 30.9% in the 3rd quarter. Sirios Capital Management L P now owns 5,015,098 shares of the software maker’s stock valued at $78,838,000 after buying an additional 1,183,013 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its holdings in Nuance Communications by 6.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 4,903,924 shares of the software maker’s stock valued at $77,090,000 after buying an additional 277,184 shares during the last quarter. 85.44% of the stock is owned by hedge funds and other institutional investors.
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Nuance Communications Company Profile
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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