Nuance Communications Inc. (NASDAQ:NUAN) Expected to Announce Quarterly Sales of $406.03 Million

Equities research analysts expect Nuance Communications Inc. (NASDAQ:NUAN) to announce sales of $406.03 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Nuance Communications’ earnings. The lowest sales estimate is $400.10 million and the highest is $410.00 million. Nuance Communications posted sales of $495.21 million in the same quarter last year, which suggests a negative year-over-year growth rate of 18%. The company is expected to issue its next earnings report on Thursday, February 6th.

On average, analysts expect that Nuance Communications will report full-year sales of $1.52 billion for the current fiscal year, with estimates ranging from $1.51 billion to $1.52 billion. For the next year, analysts anticipate that the firm will report sales of $1.57 billion, with estimates ranging from $1.55 billion to $1.58 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Nuance Communications.

Nuance Communications (NASDAQ:NUAN) last issued its quarterly earnings results on Wednesday, November 20th. The software maker reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.06. The business had revenue of $471.97 million during the quarter, compared to the consensus estimate of $486.13 million. Nuance Communications had a return on equity of 12.42% and a net margin of 11.83%. The business’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 EPS.

A number of brokerages have weighed in on NUAN. Zacks Investment Research cut shares of Nuance Communications from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. ValuEngine downgraded shares of Nuance Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Barclays dropped their price objective on shares of Nuance Communications from $20.00 to $17.00 and set an “overweight” rating on the stock in a research note on Monday, October 7th. Wedbush assumed coverage on shares of Nuance Communications in a research note on Friday, September 27th. They set an “outperform” rating on the stock. Finally, Morgan Stanley cut their target price on shares of Nuance Communications from $18.00 to $15.00 and set an “equal weight” rating on the stock in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.25.

In other news, EVP Stefan Ortmanns sold 1,491 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $17.50, for a total transaction of $26,092.50. Following the completion of the transaction, the executive vice president now owns 186,041 shares of the company’s stock, valued at $3,255,717.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Thomas L. Beaudoin sold 12,355 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $17.67, for a total transaction of $218,312.85. Following the transaction, the executive vice president now owns 269,209 shares of the company’s stock, valued at approximately $4,756,923.03. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 700,861 shares of company stock valued at $11,929,994. 0.68% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Select Equity Group L.P. acquired a new position in shares of Nuance Communications during the third quarter valued at approximately $27,825,000. Squarepoint Ops LLC raised its position in Nuance Communications by 413.3% in the third quarter. Squarepoint Ops LLC now owns 389,503 shares of the software maker’s stock worth $6,353,000 after acquiring an additional 313,621 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Nuance Communications by 4.7% in the third quarter. Public Employees Retirement System of Ohio now owns 95,550 shares of the software maker’s stock worth $1,558,000 after acquiring an additional 4,284 shares in the last quarter. Phocas Financial Corp. lifted its holdings in Nuance Communications by 3,860.4% in the 3rd quarter. Phocas Financial Corp. now owns 265,666 shares of the software maker’s stock valued at $4,333,000 after acquiring an additional 258,958 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in Nuance Communications by 466.6% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 6,799 shares of the software maker’s stock valued at $111,000 after acquiring an additional 5,599 shares during the last quarter. Hedge funds and other institutional investors own 90.11% of the company’s stock.

Nuance Communications stock traded up $0.06 during mid-day trading on Friday, reaching $17.51. The company’s stock had a trading volume of 684,179 shares, compared to its average volume of 2,463,997. The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 7.22 and a beta of 0.97. The business has a 50 day moving average price of $16.51 and a 200-day moving average price of $16.57. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.37. Nuance Communications has a twelve month low of $12.66 and a twelve month high of $18.19.

Nuance Communications Company Profile

Nuance Communications (NASDAQ: NUAN) is the pioneer and leader in conversational AI innovations that bring intelligence to everyday work and life. The company delivers solutions that understand, analyze, and respond to people – amplifying human intelligence to increase productivity and security. With decades of domain and AI expertise, Nuance works with thousands of organizations globally across healthcare, financial services, telecommunications, government, and retail – to create stronger relationships and better experiences for their customers and workforce.

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Earnings History and Estimates for Nuance Communications (NASDAQ:NUAN)

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