Wall Street analysts forecast that Care.com Inc (NYSE:CRCM) will announce earnings of $0.16 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Care.com’s earnings. The highest EPS estimate is $0.17 and the lowest is $0.15. Care.com reported earnings of $0.26 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 38.5%. The firm is scheduled to report its next quarterly earnings results on Thursday, March 5th.
On average, analysts expect that Care.com will report full year earnings of $0.49 per share for the current year, with EPS estimates ranging from $0.48 to $0.49. For the next financial year, analysts expect that the business will post earnings of $0.51 per share, with EPS estimates ranging from $0.46 to $0.55. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Care.com.
Care.com (NYSE:CRCM) last issued its earnings results on Wednesday, November 6th. The information services provider reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.15. The business had revenue of $53.29 million during the quarter, compared to analyst estimates of $52.23 million. Care.com had a positive return on equity of 7.48% and a negative net margin of 9.43%. Care.com’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.18 earnings per share.
A number of research analysts recently commented on CRCM shares. BTIG Research lowered Care.com from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. TheStreet upgraded Care.com from a “d+” rating to a “c-” rating in a research note on Thursday, December 26th. Zacks Investment Research upgraded Care.com from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Thursday, January 9th. Stifel Nicolaus upped their target price on Care.com from $10.00 to $12.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Finally, Craig Hallum upped their target price on Care.com from $9.00 to $13.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Care.com has an average rating of “Hold” and a consensus price target of $13.00.
In other Care.com news, insider David Krupinski sold 2,926 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $12.69, for a total transaction of $37,130.94. Following the completion of the transaction, the insider now directly owns 159,737 shares in the company, valued at $2,027,062.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sheila Lirio Marcelo sold 9,396 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $12.69, for a total value of $119,235.24. Following the transaction, the chief executive officer now owns 1,254,178 shares of the company’s stock, valued at $15,915,518.82. The disclosure for this sale can be found here. Insiders sold 14,522 shares of company stock valued at $184,284 over the last 90 days. 28.10% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in CRCM. Millennium Management LLC raised its stake in Care.com by 3,299.5% during the third quarter. Millennium Management LLC now owns 1,038,220 shares of the information services provider’s stock worth $10,849,000 after acquiring an additional 1,007,680 shares in the last quarter. Cloverdale Capital Management LLC acquired a new position in Care.com during the second quarter worth $10,365,000. Engine Capital Management LP acquired a new position in Care.com during the third quarter worth $8,311,000. Renaissance Technologies LLC raised its stake in Care.com by 17.6% during the second quarter. Renaissance Technologies LLC now owns 2,386,200 shares of the information services provider’s stock worth $26,200,000 after acquiring an additional 357,500 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Care.com by 5,040.1% in the second quarter. JPMorgan Chase & Co. now owns 249,964 shares of the information services provider’s stock valued at $2,749,000 after buying an additional 245,101 shares in the last quarter. Hedge funds and other institutional investors own 74.27% of the company’s stock.
Shares of NYSE CRCM remained flat at $$14.98 during trading hours on Friday. The company had a trading volume of 199,520 shares, compared to its average volume of 1,048,690. The stock has a fifty day moving average price of $13.99 and a two-hundred day moving average price of $11.52. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $496.26 million, a P/E ratio of -16.28 and a beta of 1.03. Care.com has a twelve month low of $7.61 and a twelve month high of $25.81.
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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