$52.23 Million in Sales Expected for Care.com Inc (NYSE:CRCM) This Quarter

Equities analysts forecast that Care.com Inc (NYSE:CRCM) will report $52.23 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Care.com’s earnings, with estimates ranging from $52.20 million to $52.28 million. Care.com posted sales of $49.16 million during the same quarter last year, which suggests a positive year over year growth rate of 6.2%. The firm is expected to announce its next quarterly earnings results on Thursday, November 14th.

On average, analysts expect that Care.com will report full year sales of $207.20 million for the current year, with estimates ranging from $207.02 million to $207.37 million. For the next financial year, analysts forecast that the firm will post sales of $223.90 million, with estimates ranging from $222.80 million to $226.03 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Care.com.

Care.com (NYSE:CRCM) last posted its quarterly earnings data on Tuesday, August 6th. The information services provider reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.01. The business had revenue of $51.00 million for the quarter, compared to analysts’ expectations of $52.20 million. Care.com had a negative net margin of 7.61% and a positive return on equity of 7.81%. The business’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 earnings per share.

A number of research analysts have recently commented on CRCM shares. Stifel Nicolaus restated a “hold” rating and issued a $17.00 price target on shares of Care.com in a report on Thursday, May 9th. Craig Hallum restated a “hold” rating and issued a $9.00 price target (down from $15.00) on shares of Care.com in a report on Wednesday, August 7th. TheStreet cut shares of Care.com from a “c” rating to a “d+” rating in a report on Wednesday, August 7th. ValuEngine upgraded shares of Care.com from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research cut shares of Care.com from a “buy” rating to a “hold” rating in a report on Monday. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Care.com has a consensus rating of “Hold” and an average target price of $12.20.

In other Care.com news, Director George Bell bought 27,500 shares of the company’s stock in a transaction on Friday, August 9th. The shares were bought at an average cost of $9.00 per share, for a total transaction of $247,500.00. Following the acquisition, the director now directly owns 47,190 shares in the company, valued at $424,710. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Chet Kapoor bought 60,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were acquired at an average price of $9.09 per share, for a total transaction of $545,400.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 21,273 shares of company stock worth $305,693. Company insiders own 28.10% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp raised its position in shares of Care.com by 8.7% in the fourth quarter. Bank of New York Mellon Corp now owns 98,699 shares of the information services provider’s stock valued at $1,906,000 after buying an additional 7,888 shares in the last quarter. Northern Trust Corp raised its position in shares of Care.com by 0.4% in the fourth quarter. Northern Trust Corp now owns 257,480 shares of the information services provider’s stock valued at $4,972,000 after buying an additional 1,039 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Care.com by 100.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 423,460 shares of the information services provider’s stock valued at $8,177,000 after buying an additional 212,393 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Care.com by 19.7% in the fourth quarter. Geode Capital Management LLC now owns 297,261 shares of the information services provider’s stock valued at $5,739,000 after buying an additional 48,963 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Care.com by 13.4% in the fourth quarter. Bank of America Corp DE now owns 41,130 shares of the information services provider’s stock valued at $794,000 after buying an additional 4,849 shares in the last quarter. Institutional investors own 85.99% of the company’s stock.

Shares of NYSE CRCM traded up $0.72 during mid-day trading on Thursday, reaching $10.06. The company had a trading volume of 1,256,357 shares, compared to its average volume of 574,409. The business’s 50-day moving average is $10.64 and its 200-day moving average is $16.33. The company has a current ratio of 2.85, a quick ratio of 2.85 and a debt-to-equity ratio of 0.20. The stock has a market cap of $298.16 million, a price-to-earnings ratio of 27.94, a price-to-earnings-growth ratio of 121.33 and a beta of 0.92. Care.com has a 52 week low of $7.61 and a 52 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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