Blucora (NASDAQ:BCOR) Updates FY19 Earnings Guidance

Blucora (NASDAQ:BCOR) updated its FY19 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.88-$2.01 for the period, compared to the Thomson Reuters consensus estimate of $1.98. The company issued revenue guidance of $714.5-$720.5 million, compared to the consensus revenue estimate of $719.30 million.

A number of analysts have recently commented on the company. BidaskClub raised Blucora from a sell rating to a hold rating in a research note on Thursday, October 24th. Zacks Investment Research lowered Blucora from a strong-buy rating to a hold rating in a research note on Monday, October 14th. ValuEngine raised Blucora from a sell rating to a hold rating in a research note on Wednesday, October 2nd. Craig Hallum cut their price target on Blucora from $40.00 to $30.00 and set an in-line rating on the stock in a research note on Thursday. Finally, TheStreet lowered Blucora from a b- rating to a c rating in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $30.00.

Blucora stock opened at $19.80 on Friday. The stock’s 50 day moving average is $21.29 and its 200 day moving average is $26.94. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.05 and a quick ratio of 2.05. The firm has a market cap of $1.09 billion, a P/E ratio of 13.03, a P/E/G ratio of 0.67 and a beta of 0.68. Blucora has a one year low of $18.40 and a one year high of $37.17.

Blucora (NASDAQ:BCOR) last posted its quarterly earnings data on Wednesday, November 6th. The information services provider reported ($0.20) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.20). The company had revenue of $149.00 million for the quarter, compared to analyst estimates of $148.58 million. Blucora had a return on equity of 14.94% and a net margin of 10.27%. The firm’s quarterly revenue was up 56.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.09) earnings per share. Equities analysts anticipate that Blucora will post 1.66 earnings per share for the current fiscal year.

In related news, CEO John S. Clendening sold 54,250 shares of Blucora stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $21.20, for a total value of $1,150,100.00. Following the transaction, the chief executive officer now directly owns 704,467 shares of the company’s stock, valued at $14,934,700.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.40% of the stock is owned by insiders.

Blucora Company Profile

Blucora, Inc provides technology-enabled financial solutions to consumers, small business owners, and tax professionals in the United States. The company operates through two segments, Wealth Management and Tax Preparation. The Wealth Management segment offers an integrated platform of brokerage, investment advisory, and insurance services to financial advisors.

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