$0.33 Earnings Per Share Expected for Nuance Communications Inc. (NUAN) This Quarter

Brokerages forecast that Nuance Communications Inc. (NASDAQ:NUAN) will post earnings of $0.33 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Nuance Communications’ earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.33. Nuance Communications posted earnings of $0.20 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 65%. The firm is scheduled to report its next earnings report after the market closes on Monday, November 19th.

According to Zacks, analysts expect that Nuance Communications will report full year earnings of $1.14 per share for the current year, with EPS estimates ranging from $1.13 to $1.14. For the next year, analysts forecast that the firm will report earnings of $1.24 per share, with EPS estimates ranging from $1.18 to $1.29. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Nuance Communications.

Nuance Communications (NASDAQ:NUAN) last posted its quarterly earnings data on Wednesday, August 8th. The software maker reported $0.27 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.27. The business had revenue of $502.89 million during the quarter, compared to the consensus estimate of $495.53 million. Nuance Communications had a positive return on equity of 9.67% and a negative net margin of 9.55%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 earnings per share.

Several research firms have recently weighed in on NUAN. Stifel Nicolaus increased their price objective on Nuance Communications from $15.00 to $17.00 and gave the company a “hold” rating in a report on Thursday, August 9th. ValuEngine raised Nuance Communications from a “hold” rating to a “buy” rating in a report on Tuesday, October 16th. Wedbush began coverage on Nuance Communications in a report on Thursday, October 18th. They issued an “outperform” rating and a $22.00 price objective for the company. Zacks Investment Research downgraded Nuance Communications from a “buy” rating to a “hold” rating in a report on Wednesday, October 10th. Finally, BidaskClub downgraded Nuance Communications from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $19.88.

Shares of NUAN stock traded down $0.26 during trading hours on Monday, hitting $17.49. The stock had a trading volume of 1,408,247 shares, compared to its average volume of 1,977,224. The company has a market capitalization of $5.06 billion, a P/E ratio of 29.15, a PEG ratio of 1.69 and a beta of 0.80. Nuance Communications has a twelve month low of $12.18 and a twelve month high of $18.75. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.32.

Nuance Communications announced that its board has approved a stock buyback program on Wednesday, August 8th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the software maker to reacquire up to 10.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

In other news, insider Daniel David Tempesta sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $16.41, for a total transaction of $123,075.00. Following the completion of the sale, the insider now owns 347,863 shares in the company, valued at $5,708,431.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert Weideman sold 8,350 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $16.30, for a total value of $136,105.00. Following the sale, the executive vice president now owns 428,740 shares of the company’s stock, valued at approximately $6,988,462. The disclosure for this sale can be found here. Insiders have sold 89,700 shares of company stock valued at $1,526,658 in the last 90 days. Company insiders own 1.67% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in NUAN. Criterion Capital Management LLC raised its stake in shares of Nuance Communications by 140.1% during the second quarter. Criterion Capital Management LLC now owns 6,435,017 shares of the software maker’s stock worth $89,350,000 after purchasing an additional 3,755,121 shares during the last quarter. RGM Capital LLC purchased a new stake in shares of Nuance Communications during the second quarter worth approximately $42,251,000. Victory Capital Management Inc. raised its stake in shares of Nuance Communications by 27.1% during the second quarter. Victory Capital Management Inc. now owns 13,050,497 shares of the software maker’s stock worth $181,205,000 after purchasing an additional 2,782,984 shares during the last quarter. Numen Capital LLP purchased a new stake in shares of Nuance Communications during the second quarter worth approximately $6,873,000. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in shares of Nuance Communications by 53.5% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,219,343 shares of the software maker’s stock worth $16,931,000 after purchasing an additional 425,000 shares during the last quarter. Institutional investors and hedge funds own 88.21% of the company’s stock.

About Nuance Communications

Nuance Communications, Inc provides voice recognition and natural language understanding solutions worldwide. It operates through four segments: Healthcare, Mobile, Enterprise, and Imaging. The Healthcare segment offers transcription solutions, which enable physicians to streamline clinical documentation with medical transcription platform; Dragon Medical, a dictation software that empowers physicians to capture and document patient care on various devices; clinical document improvement and coding solutions that ensure patient health information; diagnostic solutions that allow radiologists to document, collaborate, and share medical images and reports; and professional and personal productivity solutions to business users and consumers.

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