Equities research analysts expect Vocera Communications Inc (NYSE:VCRA) to report $34.04 million in sales for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Vocera Communications’ earnings. The highest sales estimate is $34.78 million and the lowest is $33.06 million. Vocera Communications posted sales of $40.24 million in the same quarter last year, which suggests a negative year-over-year growth rate of 15.4%. The company is expected to report its next quarterly earnings results on Thursday, April 25th.
On average, analysts expect that Vocera Communications will report full-year sales of $197.97 million for the current year, with estimates ranging from $186.10 million to $249.90 million. For the next financial year, analysts anticipate that the company will post sales of $215.58 million, with estimates ranging from $194.00 million to $224.36 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Vocera Communications.
Vocera Communications (NYSE:VCRA) last released its quarterly earnings results on Thursday, February 7th. The communications equipment provider reported $0.18 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. Vocera Communications had a negative net margin of 5.39% and a negative return on equity of 3.26%. The business had revenue of $48.88 million for the quarter, compared to the consensus estimate of $49.82 million. During the same period last year, the firm earned $0.22 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis.
A number of brokerages have commented on VCRA. ValuEngine upgraded Vocera Communications from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 15th. Dougherty & Co raised shares of Vocera Communications from a “neutral” rating to a “buy” rating and set a $39.00 target price for the company in a report on Thursday, February 28th. Chardan Capital cut shares of Vocera Communications from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $46.00 to $33.00 in a research note on Monday, February 11th. Zacks Investment Research downgraded shares of Vocera Communications from a “buy” rating to a “hold” rating in a report on Saturday, February 9th. Finally, Citigroup lowered shares of Vocera Communications from a “buy” rating to a “neutral” rating in a research report on Friday, February 8th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $39.44.
NYSE VCRA traded up $0.34 on Wednesday, hitting $31.46. 218,059 shares of the company traded hands, compared to its average volume of 319,124. Vocera Communications has a 52-week low of $22.96 and a 52-week high of $42.60. The company has a debt-to-equity ratio of 0.68, a quick ratio of 4.42 and a current ratio of 4.49. The company has a market capitalization of $969.28 million, a PE ratio of -185.06 and a beta of 0.25.
In related news, Chairman Brent D. Lang sold 10,000 shares of the firm’s stock in a transaction on Monday, January 7th. The shares were sold at an average price of $40.22, for a total transaction of $402,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paul T. Johnson sold 12,000 shares of the firm’s stock in a transaction on Wednesday, January 9th. The shares were sold at an average price of $41.00, for a total transaction of $492,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 144,110 shares of company stock worth $5,183,606 in the last three months. 4.90% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in VCRA. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Vocera Communications by 116.4% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,190 shares of the communications equipment provider’s stock worth $47,000 after purchasing an additional 640 shares during the last quarter. Group One Trading L.P. purchased a new position in Vocera Communications during the 4th quarter valued at approximately $125,000. Legal & General Group Plc grew its holdings in Vocera Communications by 13.0% during the 4th quarter. Legal & General Group Plc now owns 5,348 shares of the communications equipment provider’s stock valued at $211,000 after buying an additional 616 shares in the last quarter. Ibex Investors LLC bought a new stake in Vocera Communications in the 4th quarter worth approximately $223,000. Finally, United Services Automobile Association bought a new stake in Vocera Communications in the 4th quarter worth approximately $278,000.
About Vocera Communications
Vocera Communications, Inc provides secure, integrated, and intelligent communication and workflow solutions that empowers mobile workers in healthcare, hospitality, energy, and other mission-critical mobile work environments in the United States and internationally. The company's communication solution could be integrated with other clinical systems, including electronic health records, nurse call systems, and patient monitoring, as well as to provide critical data, alerts, alarms, and clinical context that enable workflow.
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