Analysts forecast that Nuance Communications Inc. (NASDAQ:NUAN) will announce sales of $512.08 million for the current quarter, Zacks reports. Four analysts have provided estimates for Nuance Communications’ earnings. The highest sales estimate is $520.30 million and the lowest is $501.00 million. Nuance Communications reported sales of $511.10 million during the same quarter last year, which would suggest a positive year over year growth rate of 0.2%. The firm is expected to report its next earnings results on Tuesday, May 8th.
On average, analysts expect that Nuance Communications will report full year sales of $512.08 million for the current fiscal year, with estimates ranging from $2.07 billion to $2.09 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $2.16 billion per share, with estimates ranging from $2.15 billion to $2.17 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Nuance Communications.
Nuance Communications (NASDAQ:NUAN) last released its quarterly earnings data on Thursday, February 8th. The software maker reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. Nuance Communications had a positive return on equity of 11.62% and a negative net margin of 3.76%. The company had revenue of $508.80 million for the quarter, compared to analyst estimates of $508.55 million. During the same period in the prior year, the company posted $0.35 EPS. The company’s revenue was up 2.6% compared to the same quarter last year.
NUAN has been the topic of several recent analyst reports. TheStreet downgraded Nuance Communications from a “c” rating to a “d+” rating in a report on Tuesday, November 28th. Morgan Stanley raised Nuance Communications from an “equal weight” rating to an “overweight” rating and set a $18.00 target price on the stock in a report on Thursday, November 2nd. Zacks Investment Research raised Nuance Communications from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Tuesday, December 5th. Oppenheimer reissued a “buy” rating and issued a $23.00 target price on shares of Nuance Communications in a report on Tuesday, January 23rd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $18.00 target price (down from $19.00) on shares of Nuance Communications in a report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $20.50.
Several institutional investors and hedge funds have recently made changes to their positions in NUAN. Mcrae Capital Management Inc. lifted its holdings in Nuance Communications by 2.1% during the 3rd quarter. Mcrae Capital Management Inc. now owns 330,250 shares of the software maker’s stock worth $5,192,000 after buying an additional 6,700 shares in the last quarter. Staley Capital Advisers Inc. lifted its holdings in Nuance Communications by 0.8% during the 3rd quarter. Staley Capital Advisers Inc. now owns 1,187,500 shares of the software maker’s stock worth $18,667,000 after buying an additional 10,000 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in Nuance Communications by 6.0% during the 3rd quarter. Neuberger Berman Group LLC now owns 4,903,924 shares of the software maker’s stock worth $77,090,000 after buying an additional 277,184 shares in the last quarter. Legal & General Group Plc lifted its holdings in Nuance Communications by 9.7% during the 3rd quarter. Legal & General Group Plc now owns 1,303,336 shares of the software maker’s stock worth $20,488,000 after buying an additional 115,718 shares in the last quarter. Finally, Boston Partners lifted its holdings in Nuance Communications by 40.8% during the 3rd quarter. Boston Partners now owns 154,300 shares of the software maker’s stock worth $2,426,000 after buying an additional 44,700 shares in the last quarter. 85.46% of the stock is currently owned by institutional investors and hedge funds.
Nuance Communications (NASDAQ NUAN) traded up $0.06 during mid-day trading on Thursday, hitting $16.66. The stock had a trading volume of 1,985,956 shares, compared to its average volume of 3,304,846. The company has a market cap of $4,893.03, a price-to-earnings ratio of 21.36, a P/E/G ratio of 1.68 and a beta of 0.61. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.19 and a current ratio of 1.46. Nuance Communications has a 52 week low of $14.02 and a 52 week high of $19.93.
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Nuance Communications Company Profile
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.
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