Nuance Communications, Inc. (NASDAQ:NUAN) Updates Q4 Earnings Guidance
Nuance Communications, Inc. (NASDAQ:NUAN) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.12-0.17 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.25. The company issued revenue guidance of $442-472, compared to the consensus revenue estimate of $500.95 million.
Several brokerages have commented on NUAN. BidaskClub downgraded Nuance Communications from a sell rating to a strong sell rating in a research note on Thursday, July 27th. Morgan Stanley reiterated an equal weight rating and set a $18.00 target price (down from $19.00) on shares of Nuance Communications in a research note on Tuesday, July 25th. Zacks Investment Research downgraded Nuance Communications from a hold rating to a sell rating in a research note on Tuesday, July 25th. Stifel Nicolaus increased their target price on Nuance Communications from $16.00 to $19.00 and gave the company a hold rating in a research note on Wednesday, May 10th. Finally, Deutsche Bank AG reiterated a buy rating and set a $25.00 target price on shares of Nuance Communications in a research note on Monday, June 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $20.89.
Nuance Communications, Inc. (NASDAQ NUAN) traded up 0.12% during trading on Tuesday, hitting $17.02. The stock had a trading volume of 2,390,859 shares. The stock’s market cap is $4.90 billion. The firm has a 50 day moving average of $17.59 and a 200-day moving average of $17.40. Nuance Communications, Inc. has a 12 month low of $13.44 and a 12 month high of $19.93.
Nuance Communications (NASDAQ:NUAN) last announced its quarterly earnings data on Tuesday, May 9th. The software maker reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by $0.04. The company had revenue of $511.10 million for the quarter, compared to analysts’ expectations of $506.83 million. Nuance Communications had a negative net margin of 2.57% and a positive return on equity of 15.76%. Nuance Communications’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $0.38 earnings per share. Equities analysts predict that Nuance Communications, Inc. will post $1.10 earnings per share for the current year.
In other news, CEO Paul Ricci sold 139,267 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $19.10, for a total transaction of $2,659,999.70. Following the sale, the chief executive officer now directly owns 2,090,036 shares of the company’s stock, valued at $39,919,687.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kenneth M. Siegel sold 3,664 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $19.05, for a total transaction of $69,799.20. Following the sale, the executive vice president now directly owns 70,824 shares in the company, valued at $1,349,197.20. The disclosure for this sale can be found here. Insiders have sold 199,931 shares of company stock worth $3,779,244 over the last three months. Corporate insiders own 1.67% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Nuance Communications, Inc. (NASDAQ:NUAN) Updates Q4 Earnings Guidance” was originally published by Daily Political and is the property of of Daily Political. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://www.dailypolitical.com/2017/08/08/nuance-communications-inc-nasdaqnuan-updates-q4-earnings-guidance.html.
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.
Receive News & Ratings for Nuance Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuance Communications Inc. and related companies with MarketBeat.com's FREE daily email newsletter.