$0.08 Earnings Per Share Expected for Care.com Inc (CRCM) This Quarter

Equities analysts expect Care.com Inc (NYSE:CRCM) to report $0.08 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Care.com’s earnings. Care.com reported earnings of $0.19 per share during the same quarter last year, which would indicate a negative year over year growth rate of 57.9%. The business is expected to issue its next earnings report on Tuesday, May 14th.

On average, analysts expect that Care.com will report full year earnings of $0.76 per share for the current fiscal year, with EPS estimates ranging from $0.75 to $0.78. For the next year, analysts expect that the firm will post earnings of $0.88 per share, with EPS estimates ranging from $0.85 to $0.92. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Care.com.

Care.com (NYSE:CRCM) last posted its quarterly earnings data on Thursday, March 7th. The information services provider reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.16. The firm had revenue of $49.80 million for the quarter, compared to the consensus estimate of $49.95 million. Care.com had a net margin of 27.51% and a return on equity of 11.86%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 EPS.

CRCM has been the topic of a number of research reports. BTIG Research cut shares of Care.com from a “buy” rating to a “neutral” rating and set a $17.83 target price on the stock. in a report on Monday, April 1st. Roth Capital increased their target price on shares of Care.com from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, February 14th. ValuEngine cut shares of Care.com from a “buy” rating to a “hold” rating in a report on Monday, April 15th. Finally, Zacks Investment Research cut shares of Care.com from a “buy” rating to a “hold” rating in a report on Friday, March 8th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $22.97.

In related news, CFO Michael Echenberg sold 9,513 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $19.95, for a total value of $189,784.35. Following the sale, the chief financial officer now owns 44,788 shares of the company’s stock, valued at approximately $893,520.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Sheila Lirio Marcelo sold 30,000 shares of the stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $23.71, for a total transaction of $711,300.00. Following the completion of the sale, the insider now directly owns 1,105,646 shares in the company, valued at approximately $26,214,866.66. The disclosure for this sale can be found here. Insiders have sold 108,998 shares of company stock worth $2,285,160 over the last three months. 30.90% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. acquired a new stake in shares of Care.com in the 4th quarter worth about $31,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Care.com in the 4th quarter worth about $43,000. Great West Life Assurance Co. Can acquired a new stake in shares of Care.com in the 4th quarter worth about $96,000. Metropolitan Life Insurance Co. NY increased its holdings in shares of Care.com by 263.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,337 shares of the information services provider’s stock worth $103,000 after acquiring an additional 3,869 shares during the period. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Care.com in the 1st quarter worth about $173,000. 82.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:CRCM traded down $0.29 on Friday, reaching $15.40. 340,719 shares of the company’s stock were exchanged, compared to its average volume of 459,181. The stock has a market capitalization of $495.77 million, a price-to-earnings ratio of 42.78, a price-to-earnings-growth ratio of 5.01 and a beta of 1.30. Care.com has a fifty-two week low of $15.14 and a fifty-two week high of $25.81.

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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