Wall Street brokerages expect Nuance Communications Inc. (NASDAQ:NUAN) to post sales of $512.08 million for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Nuance Communications’ earnings, with the lowest sales estimate coming in at $501.00 million and the highest estimate coming in at $520.30 million. Nuance Communications reported sales of $511.10 million in the same quarter last year, which indicates a positive year-over-year growth rate of 0.2%. The business is scheduled to announce its next quarterly earnings report on Tuesday, May 8th.
According to Zacks, 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 financial year, analysts anticipate that the company will report sales of $2.16 billion per share, with estimates ranging from $2.15 billion to $2.17 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Nuance Communications.
Nuance Communications (NASDAQ:NUAN) last released its quarterly earnings results on Thursday, February 8th. The software maker reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The company had revenue of $508.80 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 earnings per share.
Several research analysts have recently weighed in on NUAN shares. Zacks Investment Research upgraded shares of Nuance Communications from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Tuesday, December 5th. Oppenheimer reiterated a “buy” rating and issued a $23.00 price target on shares of Nuance Communications in a report on Monday, December 18th. TheStreet cut shares of Nuance Communications from a “c” rating to a “d+” rating in a report on Tuesday, November 28th. Canaccord Genuity restated a “buy” rating and set a $21.00 target price on shares of Nuance Communications in a report on Monday, January 22nd. Finally, Morgan Stanley restated a “buy” rating and set a $18.00 target price on shares of Nuance Communications in a report on Wednesday, November 22nd. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Nuance Communications has an average rating of “Buy” and an average price target of $20.50.
Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in Nuance Communications during the third quarter worth $149,000. The Manufacturers Life Insurance Company boosted its holdings in Nuance Communications by 8.6% during the second quarter. The Manufacturers Life Insurance Company now owns 10,234 shares of the software maker’s stock worth $178,000 after purchasing an additional 809 shares during the last quarter. CIBC World Markets Inc. acquired a new position in Nuance Communications during the fourth quarter worth $176,000. ETRADE Capital Management LLC acquired a new position in Nuance Communications during the third quarter worth $172,000. Finally, FDx Advisors Inc. acquired a new position in Nuance Communications during the third quarter worth $184,000. Institutional investors and hedge funds own 85.44% of the company’s stock.
NUAN stock opened at $16.98 on Wednesday. The firm has a market cap of $5,119.18, a P/E ratio of -62.89, a PEG ratio of 1.76 and a beta of 0.69. Nuance Communications has a 1-year low of $14.02 and a 1-year high of $19.93. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.14.
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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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