Nuance Communications (NASDAQ:NUAN) Releases Q4 2019 Earnings Guidance

Nuance Communications (NASDAQ:NUAN) updated its fourth quarter 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.24-0.30 for the period, compared to the Thomson Reuters consensus estimate of $0.30. The company issued revenue guidance of $473-493 million, compared to the consensus revenue estimate of $488.32 million.Nuance Communications also updated its FY 2019 guidance to $1.02-1.10 EPS.

A number of research analysts have commented on the stock. BidaskClub cut shares of Nuance Communications from a sell rating to a strong sell rating in a research report on Monday, June 24th. Zacks Investment Research cut shares of Nuance Communications from a buy rating to a hold rating in a research report on Thursday, July 25th. ValuEngine cut shares of Nuance Communications from a buy rating to a hold rating in a research report on Friday, June 21st. Finally, Wedbush reissued a buy rating and set a $22.00 price target on shares of Nuance Communications in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $18.80.

Shares of NUAN traded down $0.30 during mid-day trading on Wednesday, hitting $15.19. 2,750,760 shares of the company’s stock were exchanged, compared to its average volume of 1,922,603. The company has a market capitalization of $4.42 billion, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 4.09 and a beta of 0.91. Nuance Communications has a fifty-two week low of $12.66 and a fifty-two week high of $18.16. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79. The company has a 50-day moving average of $16.28.

Nuance Communications (NASDAQ:NUAN) last issued its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.13). The business had revenue of $451.00 million for the quarter, compared to analyst estimates of $449.90 million. Nuance Communications had a return on equity of 14.00% and a net margin of 2.44%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 EPS. As a group, research analysts predict that Nuance Communications will post 0.79 EPS for the current fiscal year.

In other news, CEO Mark D. Benjamin sold 45,396 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $17.40, for a total transaction of $789,890.40. Following the sale, the chief executive officer now owns 629,430 shares of the company’s stock, valued at $10,952,082. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark R. Laret sold 10,000 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $17.37, for a total transaction of $173,700.00. Following the sale, the director now directly owns 79,945 shares in the company, valued at approximately $1,388,644.65. The disclosure for this sale can be found here. Insiders have sold 95,998 shares of company stock worth $1,638,290 in the last three months. Corporate insiders own 0.68% of the company’s stock.

About Nuance Communications

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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Earnings History and Estimates for Nuance Communications (NASDAQ:NUAN)

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