Blucora (BCOR) Releases Q2 Earnings Guidance

Blucora (NASDAQ:BCOR) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.71-0.77 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.85. The company issued revenue guidance of $163.0-166.5 million, compared to the consensus revenue estimate of $167.36 million.Blucora also updated its FY 2019 guidance to $1.80-2.01 EPS.

Shares of BCOR opened at $30.97 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.43 and a quick ratio of 2.43. The company has a market cap of $1.56 billion, a P/E ratio of 15.93, a PEG ratio of 0.87 and a beta of 0.57. Blucora has a one year low of $23.83 and a one year high of $41.35.

Blucora (NASDAQ:BCOR) last issued its earnings results on Wednesday, May 8th. The information services provider reported $1.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.18. The company had revenue of $225.80 million during the quarter, compared to analysts’ expectations of $224.95 million. Blucora had a return on equity of 16.14% and a net margin of 11.57%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.20 EPS. As a group, equities analysts predict that Blucora will post 1.85 EPS for the current year.

Several analysts have issued reports on BCOR shares. Barrington Research restated a buy rating and issued a $41.00 target price on shares of Blucora in a report on Wednesday, March 20th. Zacks Investment Research upgraded Blucora from a sell rating to a hold rating in a report on Wednesday, April 17th. ValuEngine cut Blucora from a buy rating to a hold rating in a report on Saturday, May 18th. Finally, BidaskClub cut Blucora from a strong-buy rating to a buy rating in a report on Tuesday, April 23rd. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $43.25.

In other news, Director William L. Atwell sold 4,126 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $32.22, for a total transaction of $132,939.72. Following the completion of the transaction, the director now directly owns 41,080 shares in the company, valued at approximately $1,323,597.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John S. Clendening sold 54,250 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $31.67, for a total value of $1,718,097.50. Following the transaction, the chief executive officer now owns 753,002 shares of the company’s stock, valued at $23,847,573.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,433 shares of company stock valued at $2,970,580. Company insiders own 3.40% of the company’s stock.

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About Blucora

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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