Care.com (NYSE:CRCM) Posts Quarterly Earnings Results, Beats Estimates By $0.15 EPS

Care.com (NYSE:CRCM) issued its earnings results on Wednesday. The information services provider reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.15, Briefing.com reports. Care.com had a negative net margin of 7.61% and a positive return on equity of 7.81%. The firm had revenue of $53.29 million during the quarter, compared to analysts’ expectations of $52.23 million. During the same quarter last year, the company posted $0.18 earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year. Care.com updated its Q4 guidance to ~$0.17 EPS.

CRCM stock traded down $0.46 during midday trading on Thursday, hitting $11.89. 390,685 shares of the stock traded hands, compared to its average volume of 554,327. The firm has a market cap of $401.37 million, a P/E ratio of 33.03, a PEG ratio of 163.33 and a beta of 0.97. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.85 and a quick ratio of 2.85. The stock’s fifty day simple moving average is $10.70 and its 200-day simple moving average is $11.97. Care.com has a 1-year low of $7.61 and a 1-year high of $25.81.

Several research analysts recently issued reports on the stock. BTIG Research raised shares of Care.com from a “neutral” rating to a “buy” rating and set a $13.00 target price for the company in a report on Wednesday, August 14th. Roth Capital reissued a “neutral” rating and set a $10.00 target price (down previously from $17.00) on shares of Care.com in a report on Tuesday, August 6th. Craig Hallum raised their target price on shares of Care.com from $9.00 to $13.00 and gave the stock an “in-line” rating in a report on Thursday. ValuEngine upgraded shares of Care.com from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research lowered shares of Care.com from a “buy” rating to a “hold” rating in a research report on Friday, October 4th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $11.80.

In related news, CEO Sheila Lirio Marcelo sold 17,090 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $9.82, for a total transaction of $167,823.80. Following the sale, the chief executive officer now owns 1,228,970 shares in the company, valued at $12,068,485.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director George Bell purchased 27,500 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average price of $9.00 per share, for a total transaction of $247,500.00. Following the transaction, the director now owns 47,190 shares of the company’s stock, valued at approximately $424,710. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 21,488 shares of company stock worth $211,012. 28.10% of the stock is owned by company insiders.

About Care.com

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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Earnings History for Care.com (NYSE:CRCM)

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