Care.com (CRCM) Releases Q4 Earnings Guidance

Care.com (NYSE:CRCM) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of ~$0.20 for the period, compared to the Thomson Reuters consensus estimate of $0.23. The company issued revenue guidance of $49.6-50.0 million, compared to the consensus revenue estimate of $49.90 million.Care.com also updated its FY 2018 guidance to $0.69-0.69 EPS.

NYSE:CRCM traded down $0.87 during trading hours on Friday, hitting $17.98. The stock had a trading volume of 7,726 shares, compared to its average volume of 304,694. Care.com has a one year low of $15.14 and a one year high of $22.95. The company has a market capitalization of $553.69 million, a PE ratio of 66.70, a PEG ratio of 5.62 and a beta of 1.25.

Care.com (NYSE:CRCM) last issued its earnings results on Thursday, November 8th. The information services provider reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.19. Care.com had a net margin of 5.87% and a return on equity of 15.34%. The firm had revenue of $49.20 million during the quarter, compared to the consensus estimate of $49.22 million. During the same quarter in the prior year, the firm earned $0.18 earnings per share. The business’s quarterly revenue was up 10.6% on a year-over-year basis. As a group, equities analysts forecast that Care.com will post 0.21 earnings per share for the current year.

Several brokerages have recently issued reports on CRCM. Craig Hallum set a $24.00 price objective on shares of Care.com and gave the stock a buy rating in a research report on Tuesday, July 31st. ValuEngine downgraded shares of Care.com from a strong-buy rating to a buy rating in a research report on Monday, July 30th. Finally, Zacks Investment Research downgraded shares of Care.com from a hold rating to a sell rating in a research report on Friday, August 3rd. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Care.com currently has a consensus rating of Buy and a consensus price target of $22.00.

In related news, General Counsel Diane Musi sold 19,829 shares of the stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $19.99, for a total transaction of $396,381.71. Following the completion of the transaction, the general counsel now owns 42,620 shares in the company, valued at $851,973.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO David Krupinski sold 3,509 shares of the stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $19.89, for a total transaction of $69,794.01. Following the transaction, the chief technology officer now owns 135,200 shares of the company’s stock, valued at approximately $2,689,128. The disclosure for this sale can be found here. Insiders have sold 209,819 shares of company stock valued at $4,345,231 in the last three months. 30.90% of the stock is owned by insiders.

An institutional investor recently raised its position in Care.com stock. Bank of New York Mellon Corp increased its holdings in shares of Care.com Inc (NYSE:CRCM) by 18.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,512 shares of the information services provider’s stock after purchasing an additional 13,062 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.27% of Care.com worth $1,785,000 as of its most recent SEC filing. 79.22% of the stock is currently owned by institutional investors.

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Care.com Company Profile

Care.com, Inc operates an online marketplace for finding and managing family care in the United States and internationally. The company helps families to address their lifecycle of care needs, including child care, senior care, and special needs care, as well as other non-medical family care needs, such as pet care, tutoring, and housekeeping; and enables caregivers to find full-time and part-time employment opportunities.

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