Zacks: Analysts Anticipate Care.com Inc (CRCM) to Post $0.21 EPS

Wall Street analysts expect Care.com Inc (NYSE:CRCM) to report earnings of $0.21 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Care.com’s earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.22. Care.com reported earnings of $0.20 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 5%. The firm is expected to issue its next quarterly earnings report on Tuesday, February 26th.

According to Zacks, analysts expect that Care.com will report full-year earnings of $0.71 per share for the current year, with EPS estimates ranging from $0.69 to $0.74. For the next fiscal year, analysts expect that the firm will report earnings of $0.74 per share, with EPS estimates ranging from $0.61 to $0.82. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Care.com.

Care.com (NYSE:CRCM) last posted its earnings results on Thursday, November 8th. The information services provider reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.19. Care.com had a return on equity of 13.15% and a net margin of 6.58%. The business had revenue of $49.20 million during the quarter, compared to analysts’ expectations of $49.22 million. During the same period in the previous year, the business earned $0.18 earnings per share. The firm’s revenue was up 10.6% on a year-over-year basis.

A number of equities research analysts have recently weighed in on the company. BTIG Research boosted their target price on Care.com to $26.00 and gave the company a “buy” rating in a research note on Friday, January 18th. Zacks Investment Research raised Care.com from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Monday, January 7th. Finally, ValuEngine raised Care.com from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 21st. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $23.25.

Care.com stock traded up $0.20 during midday trading on Monday, hitting $23.85. 214,075 shares of the company’s stock were exchanged, compared to its average volume of 564,349. Care.com has a 52-week low of $15.14 and a 52-week high of $24.35. The stock has a market cap of $752.07 million, a price-to-earnings ratio of 88.33, a PEG ratio of 5.44 and a beta of 1.09.

In related news, General Counsel Diane Musi sold 3,221 shares of the business’s stock in a transaction dated Tuesday, December 11th. The stock was sold at an average price of $16.85, for a total transaction of $54,273.85. Following the transaction, the general counsel now owns 25,331 shares in the company, valued at approximately $426,827.35. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Sheila Lirio Marcelo sold 30,000 shares of the business’s stock in a transaction dated Thursday, January 10th. The shares were sold at an average price of $21.22, for a total value of $636,600.00. Following the transaction, the insider now owns 1,105,646 shares in the company, valued at approximately $23,461,808.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 134,294 shares of company stock worth $2,533,716. 30.90% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. purchased a new position in shares of Care.com during the 4th quarter worth approximately $31,000. Strs Ohio grew its stake in shares of Care.com by 3.2% in the 4th quarter. Strs Ohio now owns 68,389 shares of the information services provider’s stock worth $1,320,000 after buying an additional 2,100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Care.com in the 4th quarter worth approximately $43,000. Smith Asset Management Group LP grew its stake in shares of Care.com by 3.5% in the 3rd quarter. Smith Asset Management Group LP now owns 93,760 shares of the information services provider’s stock worth $2,073,000 after buying an additional 3,160 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its stake in shares of Care.com by 1.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 322,536 shares of the information services provider’s stock worth $7,131,000 after buying an additional 3,261 shares during the last quarter. Hedge funds and other institutional investors own 78.75% of the company’s stock.

Care.com Company Profile

Care.com, Inc operates an online marketplace for finding and managing family care in the United States and internationally. The company helps families to address their lifecycle of care needs, including child care, senior care, and special needs care, as well as other non-medical family care needs, such as pet care, tutoring, and housekeeping; and enables caregivers to find full-time and part-time employment opportunities.

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