Care.com, Inc. (NYSE:CRCM) Updates Q3 Earnings Guidance
Care.com, Inc. (NYSE:CRCM) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.07-0.08 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.07. The company issued revenue guidance of $43.9-44.4 million, compared to the consensus revenue estimate of $43.04 million.Care.com also updated its FY17 guidance to $0.37-0.40 EPS.
Care.com, Inc. (NYSE CRCM) opened at 15.01 on Thursday. The company’s market capitalization is $441.35 million. Care.com, Inc. has a one year low of $7.51 and a one year high of $16.07. The company has a 50-day moving average price of $14.90 and a 200-day moving average price of $12.84.
Care.com (NYSE:CRCM) last posted its earnings results on Thursday, August 10th. The information services provider reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.09. Care.com had a net margin of 0.67% and a return on equity of 3.79%. The company had revenue of $42 million during the quarter, compared to analysts’ expectations of $41.34 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. Care.com’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities research analysts anticipate that Care.com, Inc. will post $0.37 EPS for the current year.
CRCM has been the subject of a number of research analyst reports. Roth Capital set a $14.00 target price on shares of Care.com and gave the company a hold rating in a research note on Monday, June 12th. Zacks Investment Research cut shares of Care.com from a strong-buy rating to a hold rating in a research note on Tuesday, July 4th. Finally, BidaskClub cut shares of Care.com from a hold rating to a sell rating in a research note on Thursday, July 6th.
In related news, CFO Michael Echenberg sold 6,547 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $14.38, for a total value of $94,145.86. Following the completion of the transaction, the chief financial officer now owns 22,438 shares in the company, valued at approximately $322,658.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Diane Musi sold 9,990 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $15.48, for a total transaction of $154,645.20. Following the completion of the transaction, the general counsel now owns 34,450 shares of the company’s stock, valued at approximately $533,286. The disclosure for this sale can be found here. Insiders sold 44,095 shares of company stock valued at $651,424 in the last quarter. 24.70% of the stock is currently owned by corporate insiders.
Care.com Company Profile
Care.com, Inc is an online marketplace for finding and managing family care. As of December 31, 2016, the Company had 22.8 million members, including 12.9 million families and 9.9 million caregivers, spanning 19 countries. Its consumer matching solutions allow families to search for, qualify, vet, connect with and select caregivers.
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