Nuance Communications Inc. (NUAN) Issues FY17 Earnings Guidance
Nuance Communications Inc. (NASDAQ:NUAN) updated its FY17 earnings guidance on Thursday. The company provided earnings per share guidance of $1.53-1.63 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.64. The company issued revenue guidance of $2.02-2.07 billion, compared to the consensus revenue estimate of $2.04 billion.Nuance Communications also updated its Q1 guidance to $0.32-0.35 EPS.
Several research analysts recently commented on NUAN shares. Deutsche Bank AG reduced their price objective on shares of Nuance Communications from $30.00 to $25.00 and set a buy rating on the stock in a research report on Tuesday, August 9th. Zacks Investment Research raised shares of Nuance Communications from a strong sell rating to a hold rating in a research report on Wednesday, October 12th. Oppenheimer Holdings Inc. reaffirmed an outperform rating and issued a $26.00 target price on shares of Nuance Communications in a research report on Thursday, August 11th. Finally, Barclays PLC set a $19.00 target price on shares of Nuance Communications and gave the stock a hold rating in a research report on Tuesday, August 9th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $22.38.
Shares of Nuance Communications Inc. (NASDAQ:NUAN) opened at 15.55 on Friday. The firm’s 50-day moving average is $14.15 and its 200-day moving average is $15.31. Nuance Communications Inc. has a one year low of $13.44 and a one year high of $21.83. The stock’s market capitalization is $4.35 billion.
Nuance Communications (NASDAQ:NUAN) last posted its quarterly earnings results on Thursday, November 17th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. The business earned $512.40 million during the quarter, compared to analysts’ expectations of $505.10 million. Nuance Communications had a positive return on equity of 14.07% and a negative net margin of 2.15%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the firm earned $0.41 EPS. Equities research analysts forecast that Nuance Communications Inc. will post $1.51 EPS for the current year.
In other news, VP Adam Bruce Bowden sold 4,000 shares of Nuance Communications stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $13.96, for a total value of $55,840.00. Following the completion of the sale, the vice president now owns 170,195 shares of the company’s stock, valued at $2,375,922.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.23% of the company’s stock.
A number of large investors have recently bought and sold shares of NUAN. Menta Capital LLC boosted its position in Nuance Communications by 1.3% in the second quarter. Menta Capital LLC now owns 23,500 shares of the company’s stock valued at $367,000 after buying an additional 300 shares during the period. Hsbc Holdings PLC boosted its position in Nuance Communications by 5.5% in the second quarter. Hsbc Holdings PLC now owns 84,201 shares of the company’s stock valued at $1,310,000 after buying an additional 4,383 shares during the period. Advisor Group Inc. acquired a new position in Nuance Communications during the second quarter valued at approximately $118,000. The Manufacturers Life Insurance Company acquired a new position in Nuance Communications during the third quarter valued at approximately $143,000. Finally, Zacks Investment Management boosted its position in Nuance Communications by 33.0% in the second quarter. Zacks Investment Management now owns 50,033 shares of the company’s stock valued at $782,000 after buying an additional 12,405 shares during the period. 88.14% of the stock is owned by hedge funds and other institutional investors.
Nuance Communications Company Profile
Nuance Communications, Inc is a provider of voice recognition solutions and natural language understanding technologies. The Company operates through four segments: Healthcare; Mobile and Consumer; Enterprise, and Imaging. The Company offers its customers solutions in automated speech recognition; capabilities for natural language understanding; dialog and information management; biometric speaker authentication; text-to-speech; optical character recognition (OCR) capabilities, and domain knowledge, along with professional services and implementation support.
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