Nuance Communications (NUAN) Announces Quarterly Earnings Results
Nuance Communications (NASDAQ:NUAN) posted its quarterly earnings data on Thursday. The software maker reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01, Bloomberg Earnings reports. Nuance Communications had a positive return on equity of 12.15% and a negative net margin of 7.75%. The business had revenue of $508.80 million for the quarter, compared to analysts’ expectations of $508.55 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. Nuance Communications updated its FY18 guidance to $1.14-1.20 EPS and its Q2 guidance to $0.26-0.28 EPS.
Nuance Communications (NASDAQ NUAN) traded down $0.40 on Friday, hitting $15.91. The stock had a trading volume of 3,056,846 shares, compared to its average volume of 2,799,313. Nuance Communications has a 1 year low of $14.02 and a 1 year high of $19.93. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market cap of $5,006.51, a PE ratio of -30.07, a P/E/G ratio of 1.64 and a beta of 0.61.
Several analysts have issued reports on NUAN shares. Zacks Investment Research upgraded Nuance Communications from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Morgan Stanley upgraded Nuance Communications from an “equal weight” rating to an “overweight” rating and set a $18.00 price objective on the stock in a research note on Thursday, November 2nd. Stifel Nicolaus reiterated a “hold” rating and set a $18.00 price objective (down from $19.00) on shares of Nuance Communications in a research note on Wednesday, November 29th. Oppenheimer reiterated a “buy” rating and set a $23.00 price objective on shares of Nuance Communications in a research note on Wednesday, November 29th. Finally, TheStreet lowered Nuance Communications from a “c” rating to a “d+” rating in a research note on Tuesday, November 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Nuance Communications presently has an average rating of “Buy” and a consensus price target of $20.50.
An institutional investor recently raised its position in Nuance Communications stock. The Manufacturers Life Insurance Company boosted its stake in shares of Nuance Communications Inc. (NASDAQ:NUAN) by 8.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,234 shares of the software maker’s stock after acquiring an additional 809 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Nuance Communications were worth $178,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 84.81% of the stock is currently owned by institutional investors.
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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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