$0.25 Earnings Per Share Expected for Nuance Communications Inc. (NUAN) This Quarter

Wall Street analysts expect that Nuance Communications Inc. (NASDAQ:NUAN) will announce earnings per share (EPS) of $0.25 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Nuance Communications’ earnings, with estimates ranging from $0.23 to $0.26. Nuance Communications reported earnings of $0.27 per share during the same quarter last year, which indicates a negative year over year growth rate of 7.4%. The business is scheduled to issue its next quarterly earnings results on Wednesday, May 8th.

According to Zacks, analysts expect that Nuance Communications will report full year earnings of $1.13 per share for the current year, with EPS estimates ranging from $1.11 to $1.14. For the next year, analysts anticipate that the firm will post earnings of $1.23 per share, with EPS estimates ranging from $1.20 to $1.30. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Nuance Communications.

Nuance Communications (NASDAQ:NUAN) last posted its earnings results on Thursday, February 7th. The software maker reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.07. Nuance Communications had a positive return on equity of 13.59% and a negative net margin of 9.50%. The company had revenue of $493.65 million during the quarter, compared to analyst estimates of $504.85 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. Nuance Communications’s revenue was up 10.4% on a year-over-year basis.

Several equities analysts recently issued reports on NUAN shares. Zacks Investment Research raised Nuance Communications from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Thursday, April 4th. Wedbush reaffirmed a “buy” rating and set a $22.00 price target on shares of Nuance Communications in a research report on Friday, February 8th. BidaskClub raised Nuance Communications from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Finally, Morgan Stanley downgraded Nuance Communications from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $19.00 to $17.00 in a research report on Tuesday, January 15th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Nuance Communications currently has a consensus rating of “Hold” and an average target price of $18.67.

In other Nuance Communications news, SVP Arthur G. Giterman sold 5,309 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $16.95, for a total value of $89,987.55. Following the transaction, the senior vice president now directly owns 74,713 shares of the company’s stock, valued at approximately $1,266,385.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas L. Beaudoin sold 8,301 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $15.76, for a total transaction of $130,823.76. The disclosure for this sale can be found here. Insiders sold a total of 115,236 shares of company stock worth $1,910,489 over the last ninety days. 0.68% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its position in Nuance Communications by 457.2% in the third quarter. PNC Financial Services Group Inc. now owns 22,840 shares of the software maker’s stock worth $395,000 after purchasing an additional 18,741 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Nuance Communications by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,704,074 shares of the software maker’s stock valued at $46,829,000 after buying an additional 29,740 shares during the last quarter. GSA Capital Partners LLP lifted its position in shares of Nuance Communications by 104.7% during the 3rd quarter. GSA Capital Partners LLP now owns 28,852 shares of the software maker’s stock valued at $500,000 after buying an additional 14,756 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Nuance Communications by 45.8% during the 3rd quarter. Fifth Third Bancorp now owns 9,631 shares of the software maker’s stock valued at $167,000 after buying an additional 3,026 shares during the last quarter. Finally, LPL Financial LLC lifted its position in shares of Nuance Communications by 10.1% during the 3rd quarter. LPL Financial LLC now owns 77,177 shares of the software maker’s stock valued at $1,337,000 after buying an additional 7,050 shares during the last quarter. 88.61% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ NUAN traded down $0.03 during mid-day trading on Monday, hitting $17.09. The stock had a trading volume of 91,421 shares, compared to its average volume of 1,799,889. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.95 and a quick ratio of 1.95. Nuance Communications has a twelve month low of $12.18 and a twelve month high of $17.88. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 1.93 and a beta of 1.18.

Nuance Communications Company Profile

Nuance Communications, Inc provides voice recognition and natural language understanding solutions worldwide. It operates through five segments: Healthcare, Automotive, Enterprise, Imaging, and Other. The Healthcare segment offers clinical speech and clinical language understanding solutions, such as Dragon Medical, a dictation software that allow physicians to capture and document patient care in real-time; transcription solutions, which enable physicians to streamline clinical documentation with a transcription platforms; clinical document improvement and coding solutions; diagnostic solutions that allow radiologists to document, collaborate, and share medical images and reports; and professional and personal productivity solutions to business users and consumers.

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