Equities analysts forecast that Nuance Communications Inc. (NASDAQ:NUAN) will report $461.73 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Nuance Communications’ earnings, with the highest sales estimate coming in at $463.70 million and the lowest estimate coming in at $459.00 million. Nuance Communications posted sales of $506.03 million during the same quarter last year, which suggests a negative year-over-year growth rate of 8.8%. The company is scheduled to issue its next earnings results on Wednesday, August 14th.
According to Zacks, analysts expect that Nuance Communications will report full-year sales of $1.87 billion for the current year. For the next fiscal year, analysts anticipate that the company will report sales of $1.94 billion, with estimates ranging from $1.89 billion to $1.97 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Nuance Communications.
Nuance Communications (NASDAQ:NUAN) last announced its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.13). Nuance Communications had a return on equity of 14.00% and a net margin of 2.44%. The firm had revenue of $451.00 million during the quarter, compared to analysts’ expectations of $449.90 million. During the same quarter in the previous year, the business earned $0.27 earnings per share. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year.
NUAN stock remained flat at $$17.12 during trading on Friday. The company had a trading volume of 1,329,828 shares, compared to its average volume of 2,033,485. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market capitalization of $5.02 billion, a PE ratio of 21.14, a P/E/G ratio of 4.35 and a beta of 1.05. Nuance Communications has a 52 week low of $12.66 and a 52 week high of $18.16.
In related news, SVP Arthur G. Giterman sold 5,309 shares of Nuance Communications stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $16.95, for a total transaction of $89,987.55. Following the completion of the transaction, the senior vice president now directly owns 74,713 shares in the company, valued at $1,266,385.35. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas L. Beaudoin sold 8,301 shares of Nuance Communications stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $17.00, for a total value of $141,117.00. Following the transaction, the executive vice president now owns 309,921 shares of the company’s stock, valued at $5,268,657. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,237 shares of company stock valued at $1,226,690. 0.68% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of NUAN. Vanguard Group Inc increased its position in shares of Nuance Communications by 0.3% in the third quarter. Vanguard Group Inc now owns 25,400,568 shares of the software maker’s stock valued at $439,938,000 after buying an additional 81,511 shares in the last quarter. Strs Ohio increased its position in shares of Nuance Communications by 6.8% in the fourth quarter. Strs Ohio now owns 22,942 shares of the software maker’s stock valued at $303,000 after buying an additional 1,467 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of Nuance Communications by 14.6% in the fourth quarter. Handelsbanken Fonder AB now owns 1,260,844 shares of the software maker’s stock valued at $16,681,000 after buying an additional 160,844 shares in the last quarter. Xact Kapitalforvaltning AB increased its position in shares of Nuance Communications by 30.1% in the fourth quarter. Xact Kapitalforvaltning AB now owns 59,700 shares of the software maker’s stock valued at $790,000 after buying an additional 13,800 shares in the last quarter. Finally, Intercontinental Wealth Advisors LLC acquired a new stake in shares of Nuance Communications in the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 87.84% of the company’s stock.
About Nuance Communications
Nuance Communications, Inc provides voice recognition and natural language understanding solutions worldwide. It operates through five segments: Healthcare, Automotive, Enterprise, Imaging, and Other. The Healthcare segment offers clinical speech and clinical language understanding solutions, such as Dragon Medical, a dictation software that allow physicians to capture and document patient care in real-time; transcription solutions, which enable physicians to streamline clinical documentation with a transcription platforms; clinical document improvement and coding solutions; diagnostic solutions that allow radiologists to document, collaborate, and share medical images and reports; and professional and personal productivity solutions to business users and consumers.
Further Reading: What does a hold rating mean?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Nuance Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuance Communications and related companies with MarketBeat.com's FREE daily email newsletter.