Wall Street analysts expect Nuance Communications Inc. (NASDAQ:NUAN) to post $0.19 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Nuance Communications’ earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.20. Nuance Communications reported earnings of $0.23 per share during the same quarter last year, which would indicate a negative year over year growth rate of 17.4%. The business is expected to issue its next earnings report on Monday, August 14th.
According to Zacks, analysts expect that Nuance Communications will report full year earnings of $0.78 per share for the current financial year, with EPS estimates ranging from $0.76 to $0.79. For the next fiscal year, analysts expect that the firm will report earnings of $0.82 per share, with EPS estimates ranging from $0.80 to $0.86. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Nuance Communications.
Nuance Communications (NASDAQ:NUAN) last posted its earnings results on Tuesday, May 9th. The software maker reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.25 by $0.04. The business had revenue of $511.10 million during the quarter, compared to analysts’ expectations of $506.83 million. Nuance Communications had a positive return on equity of 15.22% and a negative net margin of 1.24%. Nuance Communications’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 EPS. A number of brokerages have issued reports on NUAN. Canaccord Genuity reaffirmed a “buy” rating and set a $20.00 price objective on shares of Nuance Communications in a report on Friday, February 3rd. Zacks Investment Research lowered shares of Nuance Communications from a “buy” rating to a “hold” rating in a report on Thursday, January 19th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $26.00 price objective on shares of Nuance Communications in a report on Thursday, February 9th. Citigroup Inc reaffirmed an “outperform” rating on shares of Nuance Communications in a report on Wednesday, February 8th. Finally, Barclays PLC raised their target price on shares of Nuance Communications from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Wednesday, February 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $22.00.
In other Nuance Communications news, EVP Robert C. Schassler sold 35,000 shares of Nuance Communications stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $17.04, for a total value of $596,400.00. Following the transaction, the executive vice president now owns 237,036 shares in the company, valued at $4,039,093.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Adam Bruce Bowden sold 2,000 shares of Nuance Communications stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $17.01, for a total value of $34,020.00. Following the completion of the transaction, the vice president now owns 188,290 shares in the company, valued at approximately $3,202,812.90. The disclosure for this sale can be found here. Insiders sold 68,225 shares of company stock valued at $1,196,993 over the last 90 days. 1.67% of the stock is currently owned by corporate insiders. A number of institutional investors have recently bought and sold shares of NUAN. Farmers & Merchants Investments Inc. raised its position in Nuance Communications by 19.3% in the first quarter. Farmers & Merchants Investments Inc. now owns 119,420 shares of the software maker’s stock valued at $2,068,000 after buying an additional 19,308 shares during the period. Moors & Cabot Inc. acquired a new stake in shares of Nuance Communications during the third quarter worth $163,000. Stoneridge Investment Partners LLC acquired a new stake in shares of Nuance Communications during the first quarter worth $1,071,000. Reliance Trust Co. of Delaware raised its stake in shares of Nuance Communications by 9.3% in the first quarter. Reliance Trust Co. of Delaware now owns 57,294 shares of the software maker’s stock worth $991,000 after buying an additional 4,887 shares during the last quarter. Finally, United Services Automobile Association raised its stake in shares of Nuance Communications by 11.4% in the third quarter. United Services Automobile Association now owns 167,074 shares of the software maker’s stock worth $2,423,000 after buying an additional 17,074 shares during the last quarter. Institutional investors own 82.96% of the company’s stock.
About Nuance Communications Nuance Communications, Inc is a provider of voice recognition and natural language understanding solutions. The Company’s segments include Healthcare, Mobile, Enterprise and Imaging. The Healthcare segment provides clinical speech and clinical language understanding solutions. The solutions for the Healthcare segment include transcription solutions, Dragon Medical, and clinical document improvement (CDI) and coding solutions.
Get a free copy of the Zacks research report on Nuance Communications (NUAN) For more information about research offerings from Zacks Investment Research, visit Zacks.com